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Adrian, OR Divorce Buyout in Oregon

Since 1979 Somerset Mortgage Lenders 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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Adrian, Oregon News
Road questions

In the wake of high oil prices and related products, Malheur County officials appear to be in no hurry to clinch a deal with the Oregon Department of Transportation regarding its newest offer on a transfer of ...


Landmark rail line torn down near Nyssa

A machine called Bobcat is being used to pile ties along the rail line being removed between Nyssa and Adrian.


Getting involved pays off

The Adrian community is enjoying a new park thanks to the foresight of some longtime residents and the support of their neighbors and friends in a project to develop a parcel of ground that sat vacant for ...


Getting involved pays off

The Adrian community is enjoying a new park thanks to the foresight of some longtime residents and the support of their neighbors and friends in a project to develop a parcel of ground that sat vacant for ...


Storm damage

Strong thunderstorm cells Monday did not hit everywhere in the western Treasure Valley, but where they did strike the late spring squalls delivered a powerful punch.


Fire destroys Oregon onion shed

"I heard a 'kaboom' and saw smoke coming out of what were the old vents of the building, I called 911 and then called the fire department"

Fire crews in Adrian, Oregon were kept busy Wednesday night after a shed goes up in flames. via 2NEWS.TV


Onion storage shed catches fire in Eastern Oregon

An onion storage shed in Adrian, Oregon was fully engulfed in flames this afternoon. via KTVB Boise


Adrian onion shed burns

"We decided to just back out and let it burn"

Adrian Rural Fire Department Chief Bob Webb and his crew spent an icy night battling a blaze in an onion storage shed along Oregon Highway 201, but there were no injuries or reports of frostbite. via Argus Observer


Firefighters Keep Overnight Watch On Oregon Shed Fire

"The first hydrant we pulled up to was stuck. We couldn't open it."

TV TODAY'S NEWS Firefighters Keep Overnight Watch On Oregon Shed Fire Firefighters cling to each other for support as they battle the massive blaze that took hold of this onion plant in Adrian, Oregon. via KSAW 51


Several Crews Respond to Onion Plant Fire

Posted: Updated: Several fire departments are battling a 3-alarm fire in a processing shed at the Valley Packers Onion Plant in Adrian, Oregon. via KIVI-TV Nampa


Accident near Nyssa leads to citation

"Alcohol is usually the common denominator."

There were no injuries Tuesday afternoon when a van delivering newspapers collided with a car on Alberta Avenue near the Nyssa cemetery. via Argus Observer


County, city officials prioritize projects wish list

"We are getting funds (for the wastewater facility)"

With Malheur County Economic Development Director Jim Jensen facilitating the effort, city and county leaders Wednesday picked the "top 10" projects on a county-wide needs list, but none of the buildings that ... via Argus Observer


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