People moving for a new job often find they can’t because they owe more on their home than it is worth. A proposal to force banks to act on “short sales” within 30 days was voted down by Republicans in the House.
Representative Joe Hoppe (R-Chaska) said the proposal had not been vetted yet in committee.
House Minority Leader Paul Thissen (DFL-Minneapolis) said Republicans refused to discuss the proposal in committee saying foreclosure problems were already being dealt with.
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