Chicago Can’t Collect Real Estate Transfer Tax From Buyers of Homes Sold by Fannie, Freddie, Judge Says

Cook County (Ill.) Record, Sept. 30, 2016–Biylk, Jonathan

Chicago cannot sidestep laws barring cities from collecting taxes on real estate sold by Fannie Mae and Freddie Mac by passing on the tax bills to those buying the properties from Fannie and Freddie, a federal judge ruled.