Macon County sues Fannie Mae, Freddie Mac over transfer taxes, possible class-action to include all 102 counties in Illinois

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Macon County sues Fannie Mae, Freddie Mac over transfer taxes, possible class-action to include all 102 counties in Illinois

Macon County sues Fannie Mae, Freddie Mac over transfer taxes, possible class-action to include all 102 counties in Illinois

Fox Illinois-

SPRINGFIELD – Macon County is the latest Illinois county to file a lawsuit against Fannie Mae and Freddie Mac over failing to pay real estate transfer taxes on foreclosure properties.

Officials in the central Illinois county filed suit Dec. 4 in federal court in Springfield, asking a judge to order the two federal mortgage finance companies, as well as the Federal Housing Finance Agency, which oversees them, to pay the transfer taxes; issue a declaration that they are subject to having to pay them; and award damages, interest, penalties, costs and attorney fees.

Macon County also wants its suit to be certified as class-action to include all 102 counties in Illinois.

[FOX ILLINOIS]

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