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Chemult, OR Divorce Buyout in Oregon
Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Oregon, offering its expertise in many of the circumstances that life brings to many homeowners. In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:
Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000. If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000. If John and Jane split their assets 50-50, each have $100,000 equity in the house. Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.
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| Chemult, Oregon News |
Two Seriously Injured in Crash Near Chemult
The highway was shut down for over an hour, and then opened to one way travel until the roadway was cleared.
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State police seize about 115 pounds of marijuana
A Pasco, Wash., man was arrested this morning by Oregon State Police after about 115 pounds of marijuana was found in a van he was driving north on Interstate 5. Lt.
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"Matsutake Mushroom Season Opened on National Fores (Rattle Wildland Fire)"
The 2008 picking season for Matsutake mushrooms opened on the Deschutes, Fremont-Winema, Umpqua and Willamette national forests in Oregon.
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Police: Pickup hauling 150 pounds of pot
Other past notable Marijuana seizures involving Oregon State Police: 323 POUNDS On April 4, 2005, an OSP trooper stopped a pickup southbound on Interstate 5 near Salem and seized approximately 323 pounds of ...
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The Nation's Weather
Showers and thunderstorms were expected to encompass much of New England on Sunday as a developing low pressure system moves through the Great Lakes and into the Northeast. The storm's cold front was expected to stretch along the eastern seaboard and instigate showers north of North Carolina. Heavy rain and thunderstorms also were forecast for an area extending from the Lower Mississippi Valley to the southern Plains. Flooding was possible in parts of Arkansas. The West Coast was to remain mostly dry.
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Lake County Public Use Restrictions
" Effective Friday, August 1, Public Use Restrictions will be implemented on lands managed by the Lakeview District Bureau of Land Management and the Bly, Lakeview, Paisley and Silver Lake Ranger Districts on ...
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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