[Still Thinking]

To me the biggest fly in this pot of ointment is the sale of property valued from $800K to $1M for a mere $15K, for two reasons. First, when one of us peons sells something for drasticall less than full market value, some agencies reserve the right to view the transaction as fraudulent and to act as if it had not occurred. Why is the burden less for public SERVANTS? Second, the large discrepancy in valuation makes the deal smell of a rat. I'll just bet the buyer is second cousin to someone in the assesor's office. Maybe he's had his eye on this property for some time, or maybe there are payoffs to the tax officials going on. After all, he got $785,000 in instant equity. What's a measly $10 or 20K under the table? There should be a law stating that in any foreclosure, the property must sell for a minimum of 90% of fair market value, to avoid these problems.

[deport]

The question is when does the buyer get a valid title to the property? In some states the foreclosed propert that was sold for taxes allows the person who's property was sold three years or so to repay the tax lien plus interest, etc and reclaim their property. The purchaser is out his investment, if I remember correctly. I don't know how this is handled in PA or Daulphin County.