Cornelius, 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
| Cornelius, Oregon News |
News Update: Cornelius man admits giving cocaine for lap dance
The case: A Cornelius man was arrested after trying to pay a dancer at a Tualatin club with money and a small bag of cocaine.
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Cornelius town hall will feature recycling roll carts
Residents will have a chance to inspect new recycling roll-carts at a Wednesday town hall meeting.
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Russians' Washington County visit brings home democracy
Marina Klikunova poses with one of the offbeat decorations at Maggie's Buns restaurant in Forest Grove while Olga Sannikova and Olga Tarakanova wait for lunch.
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Cornelius neighbors air concerns with group home operator
Skeptical neighbors met this week with Luke-Dorf staff for the first time since the mental health care nonprofit changed its plans for what used to be a secure residential treatment facility.
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Incumbent Democrats Riley, Edwards, appear safe in early returns
Incumbent Democrats Chuck Riley and David Edwards are buffeting challengers in early returns in Oregon House Districts 29 and 30.
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Race for City Hall? For most candidates ita s more of a cakewalk
While the top of Oregon's ballot features hotly contested races for the White House and the U.S Senate, the high-stakes drama takes a nosedive for most voters as they work their way to the local election ...
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Cocaine for lap dance? Not at Jiggles
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Topless Bar Patron's Cocaine Tip Gets Him Arrested
Tualatin police arrested a man who allegedly paid for a lap dance with $20 and a baggy of cocaine.
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House District 29: Riley-Rilling rematch offers distinctions
The main players are the same, but the race for Oregon House District 29 is nothing like it was two years ago, when incumbent Chuck Riley of Hillsboro, a Democrat, faced a strong challenge from Republican Terry ...
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State report card shows school ratings slip
Six of 10 Forest Grove schools were rated "strong" on the 2007-08 report card issued by the Oregon Department of Education.
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Hillsboro Farmers Market
Draper Girls' Country Farm's jewel-like apples lure earnest pie bakers at the Hillsboro Farmers Market.
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GOP sets sights on District 30
To many in Salem, David Edwards is a rising star. To others, he's something quite different: a target.
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Parents also appreciate dual-language classes, which could be threatened by Measure 58
Breanna Turnbull and Erica Loarca quiz each other using English and Spanish flash cards at Echo Shaw Elementary.
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Cornelius couple makes an a-mazing political statement
If the upcoming election has you confused, you can sort out the issues while navigating the corn maze at A Maze in Grace Gardens, south of Cornelius on Southwest Golf Course Road.
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Pedestrian hit by car in Beaverton
A vehicle hit a pedestrian along the Tualatin Valley Highway early Monday morning and the man was critically injured, police said.
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Parents brainstorm role in schools
Parents and students rallied last spring to halt a schedule change at Neil Armstrong Middle School.
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Number of homeless students drops
On the surface, it's only a number: 1,432. But to Alice Beggs, who oversees a program that tracks homeless pupils in the 5,955-student Forest Grove School District, the figure represents more than a thousand ...
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To serve and protect -- on a shoestring
The community comments make Cornelius sound like a movie set for "Indiana Jones and the Lawless Inner City Wasteland": Gangs are destroying the neighborhood.
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Livestock owners may run afoul of city codes
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Robert Perkins thinks of himself as a showman. The local owner of Act ...
Robert Perkins knows it's just not a big-screen movie experience without snacks.
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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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