Oakland County, MI Wins Federal Suit Against Fannie/Freddie for Transfer Taxes on Deeds

Fannie Mae, Freddie Mac must pay Oakland taxes, judge rules

Detroit federal judge Victoria Roberts declared a summary judgment Friday for Oakland County in a lawsuit seeking that Fannie Mae and Freddie Mac pay transfer taxes on the deeds recorded by the county.

The judge ruled in a 16-page decision that the Federal National Mortgage Association or Fannie Mae and the Federal Home Loan Mortgage Corp. or Freddie Mac are not federal entities and so are not exempt from deed transfer taxes under Michigan law.

No monetary award was made in the summary judgment, but Oakland County conservatively estimates its taxpayers could be awarded $1.5 million or more in damages, Oakland County executive spokesman Bill Mullan said Friday.

Rest here…

Ruling to come when we get it…



4 Responses to “Oakland County, MI Wins Federal Suit Against Fannie/Freddie for Transfer Taxes on Deeds”
  1. keepon says:

    Ed DeMarco, head of the Federal Housing Finance Agency — which oversees Fannie and Freddie — has stood in the way of (principal) reductions and he’s claimed the support of Fannie and Freddie. But that’s no longer the case. Even Fannie and Freddie now support principal reductions. It’s time for Ed DeMarco to step aside by signing this Whte House petition:


    • lvent says:

      DeMarco knows the banksters debt is insolvent..Principle write downs would be disastrous for the banksters and their criminal friends and would not allow them to keep their Ponzi Scheme rolling..Who in their right mind is sending these crooks a dime when their properties are not worth the paper they are printed is beyond me. The people whoare still participating in this fraud either just do not get it, are simply brainwashed with fear.

  2. lvent says:

    They forgot to add these are the hijacked, stolen deeds of the American people because the so called GSE’s had no legal right to these deeds.. !!! WE THE PEOPLE are the entity who funded and paid for every home, business and corporation built in this country along with everything that these criminals did and are still doing which included fraudclosure…..The truth about what is really occurring here in America is this the robbery of America and our National Sovereignty..and WE THE PEOPLE are for the most part ALLOWING IT, by believing an IDEOLOGY…. that flies in the face of our U.S. CONSTITUTION and the LAWS OF THIS LAND..I agree with what Neil Cavuto said a while back……NO TAX PAYING AMERICAN CITIZEN should be losing their home or business to foreclosure..and that would be EVERY SINGLE AMERICAN CITIZEN…!

  3. leapfrog says:

    HAHAHA! Excellent news! The only bitch is the taxpayers are left holding the bag on the fine. Phoney and Fraudie must go, along with FHFA. Goodbye, overspending, corrupt parasites.

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