Now they’re getting sued for unpaid taxes.
Fannie and Freddie are struggling under the burden of tens of thousands of repossessed homes. They’re overwhelmed. They’re losing, on average, about $40,000 per home.
Suing mortgage giants Fannie Mae and Freddie Mac for real estate transfer taxes is the start of legal action to clean up the messy foreclosures crisis, Oakland County Treasurer Andy Meisner said.
Meisner held a news conference Thursday to detail the lawsuit filed Monday in federal court in Detroit.
Meisner and county attorneys seek to recover as much as $1.5 million in real estate transfer taxes they claim is owed by Fannie Mae and Freddie Mac.