Oakland & Ingham Counties sue Fannie & Freddie for dodging taxes

Kathleen Gray & John Wisely, Detroit Free Press In a new wrinkle to Michigan’s foreclosure crisis, two counties say they and the state’s public schools lost tens of millions of dollars because home-mortgage lenders — especially government-backed giants Freddie Mac and Fannie Mae — have avoided paying the state’s property-transfer tax. The tax — $8.60 […]

Ingham County Register of Deeds Files Lawsuit Against Lenders For Unpaid Taxes

Steve Dibert, MFI-Miami Ingham County Register of Deeds Curtis Hertel Jr. has filed a lawsuit today in the 30th Circuit Court, to recover millions in alleged unpaid transfer taxes from mortgage lenders and their attorneys. Ingham Hertel Complaint “This is money that should have been applied to the county’s general funds, which could have been used […]

Northern MI Judge Throws Out Foreclosure Says Note Wasn’t Assigned By MERS

Steve Dibert, MFI-Miami Exclusive An interesting ruling came down from the nether regions of Northern Michigan today.  Houghton County Circuit Judge Charles Goodman ruled that a note holder lacked legal standing to execute both a foreclosure and the subsequent eviction because the originating lender Ameriquest only transferred their rights as mortgagee to MERS not their […]

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