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Montgomery County sues Fannie Mae for back taxes

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Montgomery County officials are suing Fannie Mae and Freddie Mac for unpaid Maryland transfer taxes. The county is suing for at least $75,000 in property transfer taxes from the mortgage companies. Corporations and residents who buy or sell real estate in the county are subject to a 1 percent transfer tax. According to county law, though, government agencies are exempt from this rule if a...

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