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Arlington, 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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Arlington, Oregon News
Driver kills self during Ore. traffic stop

State Police say a 20-year-old Island City man stopped for speeding on Interstate-84 near Arlington shot and killed himself.


Fed. decision: Ore. barge dock must be removed

Associated Press A October 27, 2008 A ARLINGTON, Ore. -- The Port of Arlington says it is considering legally challenging a U.S. Army Corps of Engineers decision that calls for the removal of a ...


U.S. Army Corps of Engineers again revokes permit for Port of Arlington barge dock

The U.S. Army Corps of Engineers has told the Port of Arlington it must remove a multimillion-dollar barge dock the corps allowed it to begin building on the Columbia River at what Native American tribes say is ...


Living in Elephant Country: When mammoths ruled the earth

They were BIG, very big, stood about 12 feet to the top of their wooly head, about as long as a school bus and weighed around six tons.


Horizon wind farm goes online

Horizon Wind Energy LLC on Thursday said it will start producing wind energy this week at its Rattlesnake Road Wind Farm in Gilliam County, the company's second Oregon wind farm.


Arlington woman arrested for fire at own home Friday

An Arlington woman was arrested Monday in connection with a fire that caused about $150,000 worth of damage to her home last Friday.


Mary Deibel

Memorial services for Mary Deibel of Dayton will be held at 3:30 p.m. Wednesday, Aug.


Oregon to build world's largest wind farm

A state energy panel has approved building what developers say would be the world's largest wind farm in Gilliam and Morrow counties in northeastern Oregon.


Oregon to build world's largest wind farm

A state energy panel has approved building what developers say would be the world's largest wind farm in Gilliam and Morrow counties in northeastern Oregon.


Port, tribes battle over port site

Nine miles east of Arlington near Willow Creek a new bridge crosses the railroad tracks.


Port, tribes battle over port site

Nine miles east of Arlington near Willow Creek a new bridge crosses the railroad tracks.


Man dies from injuries in wrong way crash

An Arizona man has died from injuries sufered in a head on crash along I-84. OSP Crews work the scene of a wrong way car crash along I-84 east of Arlington on July 5, 2008.


Head-on collision at high speed

A driver going the wrong way on Interstate 5 hit another vehicle that was traveling in excess of 90 mph Saturday night.


Fires Lead To Evacuations In Arlington

Ten to 15 homes were evacuated Sunday night after lightning sparked three fires on the west slope of the eastern Oregon town of Arlington.


Industry is partly built in fishing area and probably will come down

Gilliam County wants to bring barge income, but tribal officials say the spot is theirs : 1 Sunday, June 15, 2008 MICHAEL MILSTEIN ARLINGTON -- The 40 or so steel pilings poking from the Columbia River were ...


Editorial: Put trash where?

Technically, there is nothing wrong with the plan to haul trash from Hawaii across the wide Pacific and up the Columbia River to Arlington, for disposal in the giant landfill there.


Hawaiian trash could be headed to Oregon

ARLINGTON, Ore. - With Honolulu's main landfill expected to close in 2009, Hawaii's largest city is looking to send its trash to the Pacific Northwest.


Oregon soldier hailed for her courage

FORUMS MULTIMEDIA VIDEO At funeral, Oregon soldier hailed for her courage Army Cpl.


Routine traffic stop leads to meth bust

Increased police patrols in Gilliam and Morrow counties paid off the morning of May 8, when a Gilliam County Sheriff's sergeant arrested three suspects, including one from Echo, on charges related to thefts and ...


Spokane Mother and Daughter Dead After Accident on Interstate 84, 10-year-old Brother Survives

A mother and daughter are dead after a fatal accident 11 miles east of Arlington, Oregon. via KNDU.com


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