Camp Sherman, 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
| Camp Sherman, Oregon News |
Oregon holiday tree-cutting season upon us
Economy got you down? Save a few dollars by cutting your own holiday tree this year! AP File A family carries a Christmas tree off a farm.
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Clockmaker all wound up for the big weekend
Ed Beacham of Sisters is one of a handful of clockmakers in the country who custom builds the internal works and cases of clocks.
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Hazmat Coverage
A Beginning October 1, 2008, state regional hazardous materials response teams from Eugene, Salem, and Gresham are expanding their boundaries to cover incidents in central Oregon.
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y's Tail Waggin' Tips
All three Central Oregon counties could see funds by January. Nine people are running for four seats on the Bend City Council.A What they say sets them apart from their opponents.
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Wizard Fire Mop Up
A "Nice to have these little showers come along," Kern says. Showers that on the lines of the Wizard Fire, cool down the burned out area, which is more than 18-hundred acres.
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Here's the latest, and some useful links, for fire information
If you're planning to head out for the deer opener, officials with the Willamette and Umpqua National forests have issued an updated list of closures caused by the Rattle Fire.
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Prescribed Burn Escapes, Chars 200+ Acres
Just four miles north of Camp Sherman a new blaze rages up Green Ridge. Gusty winds are to blame for what is being called the Wizard Fire, now estimated at 200 acres.
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Inquiry to look at how Wizard Fire got out of control
Firefighter Tony Wilcox, of Eugene, quickly loads fire hoses into trucks Monday afternoon at the Wizard Fire near Camp Sherman, after getting word that an air tanker was going to be dropping fire retardant ...
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"Wizard Wildland Fire"
The Wizard Fire burning approximately three miles north of the community of Camp Sherman and 18 miles NW of Sisters Oregon.
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Camp Sherman Residents Vent Fire Frustrations
"Were the winds on Thursday forecasted?" "Was someone there watching?" "When you're done with a controlled burn, do they truly work all that well?" The questions are born from frustration.
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Wizard Fire Update
Crews from multiple agencies are making progress on the wizard fire burning about 3 miles north of the community of Camp Sherman.
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Forest Service Vows Review of Escaped Fire
"This amount of smoke isn't critical for us, yeah," said camper Nancy Brick. Nancy Brick, Judi Emblen and their husbands arrived at the Camp Sherman camp grounds Thursday night after the controlled burn jumped ...
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Oregon's Melolius River can leave fly anglers feeling perplexed
CAMP SHERMAN, Ore. - Along the Metolius River, just upstream from the Wizard Falls Fish Hatchery, is a fishing spot called the "idiot hole." The place has vexed many a fly angler over the years.
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If You See Smoke...
The 30-acre and 58-acre controlled burns are located approximately four miles north of Camp Sherman and six miles northwest of Sisters near the junction of Highway 20 and Indian Ford Road, respectively.
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Deadly Crash
Authorities have identified the man as Matthew Devin Burns. On 9/17/08 at 5:34 p.m., 911 dispatch received a report of a single vehicle traffic crash on Highway 20, west of Sisters.
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Search & Rescue
Victoria Hall left for a hike Tuesday afternoon. When she didn't return home, her husband, Bruce Byerly, alerted authorities.
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Two Fires May Merge Near Crane Prairie Reservoir
In Sunriver, some people noticed the hint of smoke coming from a 250 acre fire burning twenty miles to the west.
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Four wildfires burning north of Sisters
The Oregon Department of Forestry Incident Management Team 3 assumed command of a complex of at least four wildfires burning on state-protected private land and federal forestlands on Monday afternoon.
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Power Outages Across Central Oregon
"We got here. No lights and everybody was whispering because the lights were off," one customer said.
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Hyatt cabins a hit with buyers
When Medford hairdresser Linda Dyer heard about cabins for sale on Hyatt Lake two years ago, she made a quick dash up the hill.
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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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