Class action demands Chicago refund all property transfer taxes charged to buyers of Fannie Mae foreclosures
A woman who bought a home last year in Chicago’s Ravenswood neighborhood believes the city improperly charged her taxes on her purchase of the formerly foreclosed property from Fannie Mae, and she has filed a class action to demand the city pay her back, as well as perhaps thousands of others who have paid real estate transfer taxes to the city for property they, too, purchased from either of the federal mortgage giants.
Former business partners are at odds over the spoils of a Chicago Transit Authority telecommunications technology project. In a complaint filed Nov. 16 in Cook County Circuit Court, HCK Group, doing business as Informity Systems, brought 10 counts against Informity Network and its president Edita Arambulo, as well as former HCK employee Cynthia Chappell.
Fannie Mae, the federally-controlled largest provider of funding for mortgage loans in the country, has sued the city of Chicago in federal court to ask a judge to halt the city’s efforts to collect real estate transfer taxes on the residential properties the agency sells. On Oct. 15, the Federal National Mortgage Association, commonly known as Fannie Mae, and the Federal Housing Finance Agency, the federal agency which oversees Fannie, filed its complaint in federal court in Chicago against
A Cook County commuter is suing the Chicago Transit Authority, alleging injuries on a commuter train.
A commuter is suing the city's transit authority, alleging injuries when she says she was thrown from a train door that stayed open while the train took off down the tracks.
A federal judge has decided Smart Systems Innovations, a New York-based company specializing in the development of technology similar to that on which Chicago's Ventra fare system is based, will not be able to press forward with claims the CTA and its contracted Ventra developers violated at least four of five patents the company holds.