2011-11-16mfi-miami.com

``unlike the Fannie and Freddie lawsuits which alleges the defendants illegally claimed an exemption from the Michigan Real Estate Transfer Tax because Fannie and Freddie are government agencies. This lawsuit alleges that when the properties were transferred in and out of the MERS system to the public record, mortgage servicers and their legal representatives failed to pay the Michigan Real Estate Transfer Tax by misleading the state about the true value of the property.''


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