I also don't buy that the second holder just sat there for years as an open account, thier failure to collect can constitute abandonment.

BTW: my ownership would not constitute a super majority percentage.

With two specific comments only:- reverse exchanges are more complex but are pretty clean with the IRS and definitely do not constitute tax evasion- this is not the 1st time you stated that "bonus depreciation has made 1031s obsolete", and I continue to disagree, because these two strategies are independent, serve very different purposes and can often be combined

The city's law says that a slum property constitutes a public nuisance, and shall be abated by repair, rehabilitation, demolition, or removal.

So, one layer of the issue is what constitutes constructive receipt of funds?

I understand none of this in any way constitutes legal advice.Thank you!

Your response constitutes all that is great about the BP community!

In my opinion, they violate the taking clause and due process clauses of the constitution.  

If the square footage discrepancy can be validated this constitutes either a willful or negligent misrepresentation of material fact. 

From union retirement funds in Ireland, the John Hancock's of wallstreet.... from Zanzabar too Aruba and all points in between there is literally TRILLIONS of dollars wrapped into mortgage securities, and your saying "yup, can just waive a magic wand and say it all stops"......Now that alone shows how foolish and childish naivety it is to say property ownership rights can just vanish, but there is multi-dimensions of this such as a little thing called contract law, THE CONSTITUTION, the supreme court, the Union itself, the NAHB, the NAR, the tens and hundreds of millions of Red White and Blue bleeding AMERICAN PATRIOTS who over their dead body would allow the US OF A to be turned into a Soviet Socialist Communist waste land!!!!!!