Clackamas, 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
| Clackamas, Oregon News |
Dad rescues daughter from attacking pit bull in Happy Valley
A 7-year-old girl was rescued from an attacking pit bull by her father Wednesday afternoon in a Happy Valley backyard.
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Deputy shoots pit bull after father deflects attack on young daughter
File photo of a pit bull terrier. You News Story Published: Nov 20, 2008 at 12:39 PM PST Story Updated: Nov 20, 2008 at 12:39 PM PST NOTE: Parts of this press release are graphic in nature.
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Clackamas-Damascus highway gets higher price tag
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Salmon carcass program returns nutrients to streams
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Brazen thieves stealing tires off parked Portland area cars
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County must improve vote counting
On Friday afternoon, House District 39 candidate Bill Kennemer was still hesitant to accept his victory in a closely contested race.
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Girl run over by tractor carrying Xmas trees in Clackamas Co.
A 5-year-old girl was seriously hurt Sunday as she was run over by a tractor moving Christmas trees.
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CSI vs. Real Life
Vials containing blood samples from DUII suspects are being tested by technicians at the Oregon State Police crime lab.
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Two mayors join commissioner ranks
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Clackamas deputies investigate theft of news boxes
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Milwaukie High School invites Latino families to college fair
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Several Clackamas measures remain undecided
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Trader Joea s opens new store in Clackamas
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VanOrman defeating Lindland in District 52
Democrat Suzanne VanOrman was still winning Thursday in her race against Republican challenger Matt Lindland to take House District 52, according to district-wide vote tallies reported Thursday by the Secretary ...
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Clackamas house fire under investigation
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Oregon Military Museum closes temporarily
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Wilsonville Mayor leads in county commissioner race
Wilsonville Mayor Charlotte Lehan leads Clackamas businessman Dave Mowry with 56 percent of the vote for Position 4 on the Clackamas County Board of Commissioners.
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Clackamas Co. goes to 4-day work week
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Voters in Clackamas County, OR, Approve Library District
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Clackamas Library District wins big
The Clackamas County Library District passed easily Tuesday night, with voters approving it by a 3-2 margin.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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