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Canyonville, 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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Canyonville, Oregon News
Tribal Waterworks Sucess Atop the crowning mountains west of Interstate 5, the Cow Creek Band of Umpqua Tribe of Indians has dug in enough infrastructure to triple its operations without relying on a drop of outside water.
Police and Fire Logs These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
Public Meetings for Nov. 14, 2008 Canyonville Monday, Nov. 17 CANYONVILLE CITY COUNCIL - 7 p.m., City Hall, 250 N. Main St.
Sharing the old ways Kelly LaChance presents a program for Cobb Street and home-schooled students in collaboration with a traveling exhibit titled, 'Oregon is Indian Country' at the Douglas County Library.
Weekend's Best Bets for November 7 through 9 Start the Christmas shopping early from 9 a.m. to 5 p.m. Saturday at the United Methodist Church, 2nd and Pine Street, Canyonville.
Mercy Foundation grant enabl... A board on the wall lists the handful of words 10-year-old Billy Thompson has said during class, as well as the words he's practicing.
Lawsuit over traffic stop co... A lawsuit claiming that police officers illegally conducted a traffic stop at gunpoint and arrested a woman in front of her children during a custody dispute three years ago continues in Douglas County Circuit ...
Police and Fire Logs These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
South County returns come with a few surprises Here are the total number of votes each of the cities' candidates received, according to final unofficial results this morning from the Douglas County Clerk's Office.
Weekend best bets for Oct. 3... For a South County spookfest from noon to midnight today, head to 310 Main St. in Canyonville.
Douglas Timber Operators banquet held Saturday The mood was a little somber at the annual Douglas Timber Operators banquet Saturday night in Canyonville.
Man allegedly offers teen mo... Police arrested a 74-year-old Canyonville man Wednesday after he allegedly offered a 16-year-old girl $300 to have sex with him.
Condon disappearance hits 10 year mark Tonight marks the 10th anniversary of the disappearance of Stephanie Condon. Stephanie was 14-years-old when she vanished while babysitting for a relative at a residence on Henry Street in Tri City in 1998.
Canyonville, Days Creek begin merger talks A discussion over redrawing school district boundaries in southern Douglas County has cropped up again.
42 cents all that's needed f... Douglas County voters needn't fret. A single 42-cent stamp is all that's needed to safely get a ballot to the county elections department.
Herbert's Pond searched in Condon case in Canyonville An evidence recovery team from the FBI helped local officials search Herbert's Pond Thursday for clues to the 1998 disappearance of Stephanie Condon.
Police and Fire Logs These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
Breast cancer survivors mode... WHAT: Ninth annual Tea and Fashion Show WHEN: 1 p.m. Saturday WHERE: Seven Feathers Hotel and Casino Resort at the Convention Center WHY: Benefits Douglas County breast cancer survivors.
Supersized fun Kiersten Meza, 4, relaxes among the gourds Saturday at the Canyonville Pumpkin & Music Celebration at Pioneer Park.
Healthier, stronger Keizerite does well at first competition A personal goal was achieved when Paula Moseley competed at a recent bodybuilding competition.

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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.