Dougherty County may participate in class action lawsuit
Attorney, and former Dougherty County DA, Ken Hodges spoke to the county commission Monday about participating in the filing of a class action lawsuit against Fannie Mae and Freddie Mac.
Hodges says the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation have not been paying transfer fees in transactions with certain countiesâ"Dougherty being one of them. He wants the county's permission to represent at the hearing in Michigan this coming September.
"This is a tough time for counties, we're all in a recession, we need to find money and we certainly don't need people that are owing taxes to not be paying them," says Hodges.
County Attorney Spencer Lee says he will look into the matter more before giving Hodges an answer.