Fannie, Freddie Allegedly Owe Ohio County Millions In Unpaid Taxes

DAYTON, Ohio (AP) — County officials in southwest Ohio have filed a class action lawsuit against two mortgage giants they say owe millions in unpaid taxes.

Montgomery County filed a federal lawsuit Wednesday that says Fannie Mae and Freddie Mac wrongfully claimed various exemptions to avoid paying transfer taxes to state counties.

Transfer taxes are owed to a county when a deed is recorded. The lawsuit claims the companies didn’t pay transfer taxes involving banks that foreclosed on homes and new homeowners. Officials say both companies filed for exemptions as government entities and other inapplicable exemptions for an unspecified time.

Rest here…

Copy of the class action complaint below…

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4closureFraud.org

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Montgomery County, Ohio v. Federal Housing Finance Agency et al