Suits allege Fannie, Freddie Owe Millions in Real Estate Transfer Taxes in Michigan
Fannie Mae and Freddie Mac are using tax-exempt status to escape county fees levied during the recording of foreclosure property transfers, two Michigan county leaders said in lawsuits this week.
Palm Coast, FL – June 26, 2011
Fannie Mae and Freddie Mac are using tax-exempt status to escape county fees levied during the recording of foreclosure property transfers, two Michigan county leaders said in lawsuits this week.
Andrew Meisner, treasurer of Michigan’s Oakland County, and Oakland County Executive L. Brooks Patterson sued Fannie and Freddie in the U.S. District Court on behalf of taxpayers in their county.
Full story >>>> HousingWire [June 24]
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