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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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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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