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Tuesday, December 09, 2014

Freddie Mac sues Maryland, Prince George's for 'illegally' charging deed taxes

Less than a year after a federal appeals court ruled Freddie Mac is exempt from state and local real estate recordation taxes, the housing finance giant has sued the state of Maryland and Prince George's County for refusing to record a deed on a $58 million property sale if Freddie Mac didn't pay those levies.

Freddie Mac on Dec. 3 filed a lawsuit against Maryland and Prince George's County finance officials for "illegally" charging it deed transfer and recordation taxes on the 2012 sale of a District Heights apartment building. The lawsuit seeks the "immediate refund" of $696,000 plus interest and costs.

"The payment of the transfer/recordation taxes diverts funds from Freddie Mac's congressionally mandated missions, which include to assist in resolving the nation's housing crisis," the suit states.

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1 comment:

Anonymous said...

Must really be hard to be a Columbia Law student and suffer the Mike Brown trauma. Especially a school that hides behind the Buckley Amendment (privacy) to conceal Obama educational records which in all probability conceal a felony. He undoubtedly was claiming foreign student status for Federal financial aid purposes. How's Federal Fraud grab you? I can't imagine that it doesn't also apply to the Univ.