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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
Home Improvement
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Dallas, 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
| Dallas, Oregon News |
Driver in fatal Hwy. 22 crash charged, jailed
OAK KNOLL -- Police have arrested one driver in connection with Friday afternoon's fatal accident on Hwy.
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FBI Seeks Missing Girl From Dallas 14 Years After Disappearance
FBI and Father of Ashlyn Wilson Mark Her 14th Birthday. Photo on left shows Ashlyn at approximately one year old.
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Dallas High School establishes club for Christian athletes
New things are on the rise this year at Dallas High School. DHS is so excited to bring forth a new club! The name of the club is FCA - Fellowship of Christian Athletes.
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LaCreole students' fundraiser a success
DALLAS - LaCreole Middle School raised nearly $10,900 in a recent Magazine Drive fundraiser.
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Author's Spatula Boy has new adventure
Last year, Cheryl Bohannon introduced Spatula Boy to the world in her first children's book.
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Butterfield wins close race for Polk D.A.
While some election races are characterized by a dearth of competitive, qualified candidates, the Polk County District Attorney's race posed the opposite scenario.
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Brunch and wine featured monthly in Dallas
On the last Sunday of each month, from 10 a.m. to 2 p.m., The Majestic in Dallas has brunch and wine featuring a different winery each time.
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Dallas High forms Christian athletes club
New things are on the rise this year at Dallas High School. DHS is so excited to bring forth a new club! The name of the club is FCA - Fellowship of Christian Athletes.
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Dallas company wins project award
DALLAS - The James W. Fowler Co. in Dallas has been awarded the Sanitary Sewer 2008 Project of the Year Award from the Oregon Chapter of the American Public Works Association.
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Dallas Seniors to hold holiday bazaar
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Independence mayor and council stay put in election
John McArdle is careful about over-analyzing an election until time and perspective season his thoughts.
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Polk conservation district honors director
Chad Woods always has done whatever it takes to make a living from the land, but he just got an award for helping others find a better way to manage theirs and live better.
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Benefit seminar focused on vets
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Youths take part in service projects
This past month the Mid-Valley Christian Academy junior high and high school students have been busy serving our surrounding communities of Monmouth, Independence and Dallas.
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Dallas' school bond fails; Central's a toss up
Voters in Dallas seemed overwhelmingly against the approval of a school bond, while a bond for the Central School District appeared to be a toss up.
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Dangerous Log Jam Removed
It's blamed for two deaths in four months. A piece of the canoe from the latest death was recovered at the removal and given to the family.
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LVCS raffle to help benefit playground
DALLAS - Luckiamute Valley Charter School is holding a fundraising raffle with proceeds earmarked for outdoor equipment needs for the Bridgeport and Pedee campuses.
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Volunteers rescue arboretum damaged in 2007 flood
Even though the waterfall and pool at the Delbert Hunter Arboretum and Botanic Garden is quite a bit younger than arboretum volunteer H. John Hansen's 90 years, it hasn't aged nearly as well.
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Halloween fun to sweeten fire safety month
DALLAS - The fire department is concluding Fire Prevention Month with its annual Trick-or-Treat safety patrol on Halloween.
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Flu shot clinic is Nov. 5 in Dallas
DALLAS - West Valley Hospital is hosting a Flu Clinic 2 to 4 p.m. Nov. 5 at 525 SE Washington St.
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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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