Butte Falls, 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.
Return to divorce buyout in the state of OR
| Butte Falls, Oregon News |
Oregon man delivers jumbo Christmas trees
When George Jones cuts down a Christmas tree, he doesn't hoist it onto his shoulder and pack it out of the woods.
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Ore. man deivers jumbo Christmas trees
When George Jones cuts down a Christmas tree, he doesn't hoist it onto his shoulder and pack it out of the woods.
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Cause of Butte Falls fatal crash still unknown
November 12, 2008 A By Andrea Pettes & Ashley Hall A NEAR BUTTE FALLS, Ore. -- Investigators are trying to determine what caused a Butte Falls woman to drive off the road and crash into a tree, killing her.
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Sen. Wyden collects county wish list
Seeking to prime the slumping economy with construction work instead of stimulus checks, Oregon Sen.
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Teenager accidentally shot while hunting
By Kelley Ashford A November 3, 2008 A NEAR BUTTE FALLS, Ore. -- A teenager is in stable condition at a Medford hospital after a hunting accident Monday morning.
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Teen Accidentally Shoots Self While Hunting
At 9:17 this morning, members of the Jackson County Sheriff's Office and other emergency response agencies were called to Heppsie Mountain, half a mile south of the 19000 block of Highway 140 in Butte Falls.
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Embarq Corp. phone exchange to be acquired by Louisiana firm
CenturyTel Inc. of Monroe, La., has announced it will acquire larger peer Embarq Corp.
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There may be more Medco locomotives surviving than the men who rode them down the rails.
"We think Pete is one of the few Medco crew members left and maybe the last engineer," said Joanne Burg, wife of 79-year-old Marvin "Pete" Burg.
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Daughter: Man fights for life after wreck that killed friend
A passenger seriously injured Friday in a single-vehicle accident on Butte Falls Highway is fighting for his life in a Portland hospital, a family member says.
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Mustangs crush Henley in Skyline tilt
Hidden Valley used a bruising ground attack and some opportune passing as the formula to a key Skyline Conference football victory Friday.
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New lightning could complicate fire efforts
Heat, wind and more lightning could add to fire danger in the Cascades, the National Weather Service warned today.
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Cooler Weather Helping Firefighters
Cooler weather is helping firefighters get the Double Day fire near Butte Falls under control.
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Fires burn across Oregon
By Mike Nelson & Faris Tanyos September 18, 2008 MEDFORD, Ore. -- Four of the six fires burning in the state are located in Southern Oregon.
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Butte Falls Fire 100 Percent Contained
The Doubleday fire is 100 percent contained at 1,275 acres after a hair-raising week for residents in Butte Falls.
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Answers in shooting death await autopsy
Authorities are awaiting the results of an autopsy and toxicology tests to help them determine exactly what happened in a shooting in Butte Falls Sunday that left one man dead.
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Butte Falls Shooting Victim Identified
Investigators say the man who apparently accidentally shot himself in the head Sunday evening in Butte Falls was 66-year-old Larry Wise.
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Crews expect to contain Double Day fire
Cool, moist air gave firefighters a lift over the weekend in their struggles with a wildfire near Butte Falls and a month-old fire that has crept into Crater Lake National Park.
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"Doubleday Wildland Fire"
Oregon Department of Forestry's Incident Management Team 2, commanded by Bill Hunt, has been dispatched and assumed command of the 600-acre Doubleday Fire, effective 8:00 a.m. on Thursday, September 18, 2008.
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Threat recedes as crews get handle on Butte Falls-area fire
A 1,250-acre fire that roared to within a mile and a half of Butte Falls is 75 percent contained this morning.
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Crews quickly douse east Medford fire
With the help of a fire-retardant plane and two helicopters, firefighters quickly knocked out a brush fire that ripped through grass and scrub oak on a ridge at the base of Roxy Ann this afternoon.
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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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"...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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