Minnesota: Counties Sue Fannie Mae, Freddie Mac Over Propery Tax

Minnesota: Counties sue Fannie Mae, Freddie Mac

The Hennepin County attorney’s office has filed a federal lawsuit against mortgage giants Fannie Mae and Freddie Mac, claiming the companies illegally failed to pay required taxes on home sales.

The class-action suit, filed on behalf of all 87 Minnesota counties, is the latest in a string of similar lawsuits filed by other states against federal government-sponsored Fannie Mae and Freddie Mac in recent weeks.

Hennepin County Attorney Michael Freeman said at a news conference Friday, Aug. 24, that there are “tens of thousands” of transactions in question, going back six years, and that the lost tax dollars number in the millions.

“This is solely a question of law,” Freeman said after the conference, regarding the companies’ claim of tax exemption. “The question is: ‘Are Fannie and Freddie exempt from this law?’ We know Fannie and Freddie sold houses and we know they didn’t pay the tax.”

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Comments
2 Responses to “Minnesota: Counties Sue Fannie Mae, Freddie Mac Over Propery Tax”
  1. 1ofthemany says:

    Awesome hope this goes somewhere soon, it will make a dif on this sick cancer on our society. And of course they will appeal so time will tell………. we could start with this company to take back our homes and country. Sound like a great place to start. Fraud and theft on our people and country, unforgivable, war crimes and the possible charges abound. Jail DeMarco for continual robbing the people. Oh did someone say he owns the gov …yep with our money he stole and continues to steal as well as from our own states and counties!! in blatant voice in public. This needs to stop and we can start here ………anyone? 60 to 70% of home are here, good starting percentage Anyone??

  2. Tee says:

    Hmmmm is Jesse (the body) Ventura behind all that????? haha….I used to think that dude was crazy…but…if he were on the ballot…Id vote for him and be out there swinging signs for him right now!!!!

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