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A bill making its way thru Salem hopes to crack down on banks that claim a loss after a short sale and collect the money later from the borrower. Some people in that position are getting "double-billed" in a way and State lawmakers are trying to stop that. What has happened to some people is they get a 1099 from the bank that claims a loss, so income taxes are owed on that amount. But then, the bank comes in later and sues the prior homeowner for the money owed to them, after they've paid the taxes. Jason Conger says a House Bill makes the bank chose one option and not do both: “A bank still has the right under the contract unless they waive it to try to collect the residual debt from the borrower and this bill prevents the bank from reporting it as income to the borrower and trying to collect the debt.” Conger says to his knowledge this practice isn't very widespread,- but definitely needs to be dealt with. It now moves to the Senate.

 

 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.