Mealey's Litigation Procedure - 8th Circuit Affirms Dismissal Of Minnesota County's Suit Over Deed Transfer Taxes

Mealey's Litigation Procedure - 8th Circuit Affirms Dismissal Of Minnesota County's Suit Over Deed Transfer Taxes

ST. LOUIS - A federal judge did not err when dismissing a class action suit filed by a Minnesota county seeking to recover millions of dollars in taxes the Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corp. (Freddie Mac) and Federal Housing Finance Agency (FHFA) allegedly failed to pay when transferring deeds on properties, a panel of the Eighth Circuit U.S. Court of Appeals ruled Feb. 5 after finding that the defendant agencies were exempt from paying the tax (Hennepin County, et al. v. Federal National Mortgage Association, et al., No. 13-1821, 8th Cir.; 2014 U.S. App. LEXIS 2160).

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