News
News Home
The Regina Brett Show
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
Weather
From WKYC.COM / TV 3
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Greater Akron Chamber

Akron General


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Crime and Courts


Summit County files suit against Freddie Mac
Claims Freddie Mac avoided about 3,500 land transfer fees owed to the county
by WKSU's SIMON HUSTED

Reporter
Simon Husted
 

Summit County is the first county in Ohio to be suing one of the largest mortgage lenders in the nation for unpaid fees.

The county filed the suit Tuesday demanding that Freddie Mac pay fees on 3,500 transfers of property from 2002 and through 2008.

Freddie Mac is a federally chartered home lender. And back then, it claimed it was a government entity and therefore exempt from paying fees. But the county says Freddie Mac never was a government agency.

Joe Fantozzi is an assistant county prosecutor who is managing the case. He says he can’t yet estimate how much money the county can win from the case because each land transfer fee depends on the value of each home or property.

Listen to Fantozzi's explanation

Other options:
Windows Media / MP3 Download (0:21)


“So at this point, what we know is that the jurisdiction minimal of $25,000—you know we’re well above that $25,000 mark," Fantozzi says. "But for me to give any other estimate at this point, we just don’t know. That information will come out as the case proceeds through the courts.”

Fantozzi says Summit County waited to sue until after late March when a U.S. District judge in Michigan sided with a county in a similar claim.  

Freddie Mac did not respond to a request for comment and is expected to appeal the court’s decision in Michigan.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

The Cleveland Plain Dealer is cutting home delivery days
Older people don't have computers..why can't Akron beacon come to Cleve?i think this stinks. Bring back press and news.

Thousands of tourists flock to Ohio's Magee Marsh
Thanks for sharing these bird pictures. I have seen warblers at Magee some years ago, which was a wonderful experience.

Husted's voter-address plan is under scrutiny
=========== The new directive allows voters to make the updates online for the first time. =========== Ahem!!! You might want to do some fact checking before ...

Leveling the field between private and public school sports
Consideration should be given to establishing a limit on athletic scholarships to private schools (which may be disguised as financial aid to poor students). I...

Thirteen Cleveland firefighters indicted
What was stolen? Section 7(p)(3) of the FLSA provides that two individuals employed in the same capacity by the same public agency may agree, solely at their ...

Union refuses to back gay teacher fired by Catholic school
Catholic schools can be very vindictive regarding the lifestyles of their teachers. Insurance does not pay for birth control, non-Catholic teachers are replace...

Drilling for wind on Lake Erie
May God help us defeat the WIND MONSTER ...

Raise a glass to craft beer week
Vivian, What a great interview - Just done so professionally. I loved the way you smoothly transitioned from production to interview to history of the company...

Castro could face death penalty as abduction case goes to a grand jury
I thought kidnapping was automatically a federal charge. Is it not?

Copyright © 2013 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University