The taxed party can't decide not to pay the tax, can't decide to pay less than the pre-determined amount and can't offset responsibility of tax payment to another party, even by contractual means.

So what.We never asked or expected anything from any government agency or the taxpayers.

It could be 150 - 155K....The owner gets $3000 as down payment ...In an underwater situation, the seller gets NOTHING in a short sale (except under some government sponsored programs paid by taxpayers).

Frankly, I am offended that taxpayers have to pay high prices for the poor with some of the most expensive property in the city.During the foreclosure crisis, when the entire project was hurting, I was looking at a very small unit facing the street for close to 300k.

Leasing of small tracts of land for agricultural use is known as a "tax payer", i.e you earn just enough to pay the taxes.

At the end of the day, said entity will profit by having the loans they picked up at a discount refinanced by a govt insured agency (FHA, Fannie, etc) and dumped back onto the shoulders of the taxpayer.

In exchange for the condemned property, the owner receives a reasonable amount of money or property called a condemnation award.If a taxpayer receives a condemnation award of money or unlike property and purchases qualifying replacement property within a specified period of time, they may elect to postpone all or part of the gain realized on the condemnation.

(ostensibly) less gov money (ie, ahem, taxpayer dollar, aka gov pork) being woefully allocated to undeserving recipients5.

As a homeowner, your role in the board is essentially like a tax paying voter in the US.

Tax payers will now be able to dispose of a component of the building when it has been improved.