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Azalea, 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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Azalea, Oregon News
Police and Fire Logs

These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.


Police and Fire Logs

These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.


Lightning strikes, blazing t...

A lightning strike ignited a small brush fire between Glendale and Azalea about 8:30 p.m. Saturday, emergency dispatchers reported.


Azalea crash kills woman, injures three others

A woman died and three others were injured Sunday in a crash on Upper Cow Creek Road that remains under investigation.


Cfcu, Kevin Moerke Win Business, Volunteer of Year Awards

In a crowded room of more than 100 Brookings-Harbor Chamber of Commerce members and officials Friday, the coveted Business of the Year and Volunteer of the Year awards were handed out during a kick-off mixer to ...


MR. BHHS

The Mr. BHHS Pageant, which is an all-male spoof of the Azalea Pageant, is a fundraiser for Doernbecher Children's Hospital in Portland. via Curry Coastal Pilot


Cascade Ragtime Society: Hooked on music

"I'm looking for pointers on improvisation"

Ragtime means syncopated notes on the piano, the brassy sound of a trumpet, the melody of Maple Leaf Rag. via The News-Review


Woman injured, cited in alleged DUII crash

AZALEA: An Azalea woman was injured Wednesday after allegedly racing her car while intoxicated and crashing off of Eakin Road in the Quines Creek area. via The News-Review


Police look for elk poachers in Glendale area

"There may not be any left for the hunting season at this rate"

Oregon State Police say poaching of elk in the Glendale area has reached epidemic levels. via Kpic.com


Orchid Show this Weekend

"A lot of our members had plants that had either just finished blooming or were not yet ready to open."

The Siskiyou Coast Orchid Club will host its sixth annual Orchid Show and Sale from 10 a.m. to 4 p.m., Saturday, March 15, and Sunday, March 16, at the Harbor Water District Hall, 98069 W. Benham Lane, in ... via Curry Coastal Pilot


Spaghetti fundraiser for Oregon 150 is "world's largest"

"A lot of folks don't even realize sesquicentennial is on the way. Most people can't pronounce the word"

As part of Oregon's upcoming sesquicentennial celebration, the Douglas County Oregon 150 Committee has planned a repeat event of its spaghetti fundraiser last October. via The News-Review


Volunteers Needed to Keep Sewing Program Alive

"I hate to move on, but I need to find some other people to step up"

Oregon State University 4-H Program Assistant Sheri Legat, aka the 4-H Lady, is seeking someone to take over the after-school sewing program in Brookings. via Curry Coastal Pilot


Newcomers Club Going on Indefinite Hiatus

"And upon occasion we have something special like a marriage of two people who met at Newcomer's several years ago, lost their spouses, renewed their friendship and love blossomed."

With deep regret, current officers of the Newcomer's Welcoming Club of Brookings-Harbor announced this week that the activities of the club have been put on hiatus for an indefinite period of time. via Curry Coastal Pilot


Drivers advised of snowy mountain conditions

Snow on the mountain passes has caused the Oregon Department of Transportation to issue chain restrictions on several major highways, including Interstate 5. Snow was falling this morning on the South County ... via The News-Review


Man arrested for stolen guns and drugs

An Azalea man is in the Douglas County Jail, after a raid of his residence by the Douglas Interagency Narcotics Team on Tuesday. via Kpic.com


Community Comes Together to Help Those in Need

"So when they get the food, it just makes me feel really good."

This holiday season, children everywhere are getting into the spirit of giving. And not even a downpour of rain could stop the students of Azalea Middle School from helping to support the Brookings-Harbor ... via Curry Coastal Pilot


Turnout nearly 50 percent for today's election

Nearly half of Douglas County's 61,845 registered voters have filled out their ballots and returned them for today's election. via The News-Review


Head Start programs across Douglas County are getting a boost to help kids

"And they have the basics that they need and can just make that seamless transition into kindergarten. "There is an academic push"

Once upon a time, kindergarten was a place to play, sing and read stories. All that hasn't gone away, but it's playing second to skills kids used to get in first grade. via The News-Review


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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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