“I know a lot of people’s knee-jerk reaction is let’s get justice and file suit, but my experience is there are no easy answers to these lawsuits,” Bock said. “Once you get involved, you are really engaged and your resources are engaged.”
Lawsuit: Fannie Mae and Freddie Mac illegally avoided paying transfer taxes
By Kimberly Miller
Palm Beach Post Staff Writer
Mortgage giants Fannie Mae and Freddie Mac illegally evaded paying real estate transfer taxes on tens of thousands of properties in Florida, according to a lawsuit filed by the Hernando County Clerk of Courts seeking to collect those fees.
The suit is the first of its kind in Florida, but won’t be joined by Palm Beach County for now.
Palm Beach County Clerk and Comptroller Sharon Bock said the lawsuit, filed Thursday in a Tampa federal court, was unexpected and may be something the state Department of Revenue should pursue rather than the clerks.
Hernando Clerk Karen Nicolai is seeking class-action status for the state’s 67 clerks.
“Right now we are waiting for the Florida clerks association to advise us,” Bock said today. “All of the clerks’ futures are tied together, and none of us can do anything that isn’t going to affect the others.”