Damascus, 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
| Damascus, Oregon News |
Filmgoers likely to recognize sights in East County in movie
This set, part of the climactic prom scene filmed at the Inn, played center stage to a Twilight-themed event at the inn this week in honor of the movie's release.
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Clackamas-Damascus highway gets higher price tag
Snarled in bureaucratic congestion for years, a proposed eight-lane highway from Clackamas to Damascus would have costs beyond the estimated $1.3 billion needed to build it, according to a new report by several ...
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Damascus land-use plan specifics
Land-use zoning recommendations in the draft comprehensive plan for Damascus are based on the following goals for four areas of the city.
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Damascus: Draft land-use plan is ready for community feedback
To build? Not to build? To cut trees? Not to cut trees? To add roads? Not to add roads? Months of mulling these questions have resulted in a draft version of a comprehensive land-use plan for Damascus that is ...
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Car chase ends in arrest on Tuesday
A police chase beginning in Damascus ended when the driver of a stolen car crashed and was arrested Tuesday, Oct.
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Oregon farmers are loving biosolids
Mike Stone from Clackamas County Water Environment Services sprays biosolids at DeLano Farms east of Oregon City.
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Three of six council positions up for grabs in Damascus
With a political version of musical chairs on the horizon for the Damascus City Council, November's election could drastically change the seven-person board's makeup.
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Chamber Connection
The group's mission is to keep the business community informed of what's going on and to organize an official Damascus Chamber of Commerce: www.gmdamascus.org; Mary Wescott at maryw@wescottsauto.com or ...
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Chamber Connection
FORUMS MULTIMEDIA VIDEO CHAMBER CONNECTION The group's mission is to keep the business community informed of what's going on and to organize an official Damascus Chamber of Commerce: www.gmdamascus.org; Mary ...
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Growth becomes pressing issue
Portland-area residents will soon have several opportunities to say how they want their city and region to grow in coming years.
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Firefighters battle brush fires in Clackamas County
September's hot dry weather had Clackamas County Fire District 1 crews hopping this week.
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Public to get a say on infrastructure funding
About 1.7 million more people are expected to move to Oregon during the next 30 years, many of them to the Portland metropolitan region.
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Metro holds regional forums to determine site of next rail line
Washington County commuter rail: check. Clackamas Town Center, Columbia River Crossing and Lake Oswego street car: check, check and check.
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Chamber Connection
The group's mission is to keep the business community informed of what's going on and to organize an official Damascus Chamber of Commerce: www.gmdamascus.org; Mary Wescott at maryw@wescottsauto.com or ...
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Neighborhood News
Staying cool with ice cream cones, brothers ham it up in front of their parents Tana and Travis Wittwer of Portland Tuesday afternoon in downtown Cannon Beach.
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Supporters to host informational meeting tomorrow at 7 p.m.
Carver School supporters will host an informational meeting about becoming a charter school tomorrow, July 10, beginning at 7 p.m. at 16077 S.E. Highway 224 in Damascus.
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Thief Cuts Lock On McDonald's Charity Box
It's the burgers that drive business at McDonald's restaurants, but one man at the drive-through window in Damascus didn't have food on the brain last month.
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Two men hit by lightning in Damascus
Two men were struck by lightning in the Damascus area Sunday afternoon, authorities said.
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Men hit by lightning near Damascus
Two men are in the hospital after being struck by lightning Sunday afternoon. The men, whose names have not been released, were standing under a group of trees near Southeast 222nd and Tillstrom Road around ...
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Local men struck by lightning
Two men, in their 50's or 60's, were struck by lightning while standing outside of house in Damascus, Ore.
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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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