Submitted by Marisa Taylor and Chris Partice
(Reuters) – The property tax authority in Ann Arboro, Michigan, said Lisa Cook, the governor of the Federal Reserve, did not eliminate the rules for tax benefits at home where Cook declared its original residence.
Conclusions that arose in response to Reuters’ request that City Review Cook’s assets could lead to Cook’s defense against Trump’s administration’s efforts to remove it from the Federal Reserve Board.
Ann Arbor has no “reason to believe” that Cook has violated real estate tax rules, “Reuters said city appraiser Jerry Markey. Cooks sometimes lived elsewhere, and City Records shows that she asked Ann Arbor of authority to rent a short -term home for Michigan.
Temporary absence from home or leasing her short -term lease will not interfere with tax dismissal in Ann Arbor, the tax officer said. “Life elsewhere does not necessarily make the owner inappropriate for the main dismissal of the place of residence,” said Markey.
Officer’s remarks are made when President Donald Trump’s administration accuses the Fed Governor’s Fraud for Mortgage Ann Arbor at home, and another one she has purchased in Atlanta. Bill, Director of the Federal Housing Agency, headed his efforts to condemn Cook in the Social Media and indicate the issue to the Department of Justice, which opened an investigation.
The question is whether Cook, which Trump sought to dismiss from the Fed Board, lied to its lenders when they received two mortgages. The Trump’s administration stated that it had not properly told both lenders that the loan had been awarded to the primary resident. By announcing the house as a major place of residence, the homeowner can – but not always – to ensure a better interest rate of the loan and can be separately received by local authorities on real estate tax discounts.
The Federal Court of Appeal late Monday refused to allow short shoot from Cook. The administration is expected to apply to the Supreme Court immediately, adding an additional complication of its status to the future two -day meeting.
Reuters said last week that Cook, based on an estimate of the loan mortgage at the Atlantic, informed its lender that the property would be a “holiday home” rather than the original residence. Following the history of the news agency, the social media record wrote that a “Home House” claim in the Atlantic mortgage documents could still be fraudulent if it eventually secure the loan by announcing otherwise.
“It is very concerned,” wrote about X, “and I think it proves that he continues to deceive.”
The full scale of Cook’s representation to its lenders remains unclear, including all the documents that may have changed the “Holiday House” description to the mortgage resolved. Local Georgian officials told Reuters that Cook never announced home as a major residence for tax purposes.
Cook has repeatedly denied any misconduct. On Monday, in a written statement, her lawyers said: “The attempt to remove the Governor Cook is based on reports on social media director of FHFA, which collapses on a basic inspection.”
Since 2021 Secured Michigan’s home mortgage, local asset records indicate that it received the city’s approval that it had been short -term 2022. October And again in 2024. April Again. Some cities, such as Ann Arbor, require homeowners to get a license to rent their homes even on a short -term basis.
2025 April, the months before the panel began to publicly accuse her of fraud, Cook sought to confirm that the home was listed as long -term lease, according to local records and city officials. In July She told the city that she was employing the rental company to manage the property, officials said.
Cook now has to cancel tax dismissal at home by the end of the year, said Markey, ann Arbor City.
Real estate tax records in both states, along with the revelation of Cook’s “Holiday House” in Atlanta, may be considered as strong defense factors, real estate and legal experts said. They argued that prosecutors, for any conviction for a mortgage fraud, which is rarely pursued as a criminal crime in the US, said prosecutors would have to show that she was deliberately sought to deceive her lenders.
Paul Pelletier, a former former Federal Prosecutor, directed at the bank’s fraud, said the Justice Department would historically deal with only cases where a financial institution suffered a major loss. “It would never have crossed my desk, not to mention the prosecution,” he said for the accusations against Cook.
Cook Cook Cook did not use discounts compared to the prevailing debtors’ affordable prices when it negotiated loans in 2021.
According to Freddie Mac, her 15 -year loan in Michigan’s property was 2.875%compared to the older national rate from 2.23%to 2.45%during that period. According to Freddie Mac, its 30 -year Atlanta property rate was 3.25%compared to the older rate at the time of 2.93%to 3.04%.
(Edited by Paulo Prada.)