Now, the loan backer could have reached the point where they want the arrears to be caught up or else they proceed to foreclose; this happens because in PA there can be quite a few postponements and delays, and the sheriff sale rules are such that if there is a postponement already in place then a second postponement can only be made by a court order from a judge - otherwise any other postponement leads to the case being stayed and that then puts the lender into a position where the sale has to be re-advertised and lots of additional fees end up getting tacked on.

I'm glad to see another Kentucky BP member.  I

If you are paying more than the current value as listed on the Auditor's website, the property will be re-assessed at your purchase price, causing your taxes to increase.

You should not be relying on him for most of the info.

The information contained in this post is not to be relied upon. 

Like general partnerships, joint ventures are created and maintained at the state level.Joint Venture AgreementsThe joint venture agreement defines every aspect of the joint venture including the specific role of each member, what each member is expected to provide as a part of the joint venture and the circumstances under which the venture will cease to exist.

Don't be surprised if once the owner dies, what the family decides is "best" might be re-interpreted. 

The information contained in this post is not to be relied upon.

I'm an out of town investor, so I would really be relying on local knowledge to make a sound decision.Thanks!

That profit can then be re-invested repeatedly with no tax being due until it is withdrawl for non-investment purposes.