By: Leslie Mertz
Throughout Michigan, more and more owners of market-rate apartment buildings are choosing to make their properties smoke-free. This makes good business sense because:
Mortgage giants Fannie Mae and Freddie Mac will pay the state of Michigan and Oakland County millions of dollars to make up for unpaid real estate transfer taxes. The companies had previously contended that they were exempt from the tax, but the court ruled that they withheld the money from the state illegally.