Days Creek, 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
| Days Creek, Oregon News |
Milo Academy faces lawsuit o...
A lawsuit has been filed against the Milo Adventist Academy over allegations that a woman who served as an assistant coach, instructor and choir leader at the Days Creek-area boarding school sexually abused a ...
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Canyonville, Days Creek begin merger talks
A discussion over redrawing school district boundaries in southern Douglas County has cropped up again.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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60 percent of schools 'acceptable'
All 50 Douglas County schools received one of five ratings on its state report card.
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Former Milo grad takes on mission, Africa
The Cradle of Love Baby Home has an active Web site that founder Davona Church updates often with blogs.
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Canyonville radio station on...
Martha Chaffin loves listening to KPOL-FM 106.9 in the morning. The nonprofit, low-powered Christian radio station keeps the 81-year-old woman occupied for six hours every day while she works through household ...
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Women join 3-day walk for cancer research
Roseburg residents, from left, Ronna Salerno, Mandy Carpenter, Nikki Kindred and Terry Savas walk through Stewart Park Thursday.
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Canyonville opens 6th-grade class
After the closure of Canyonville Middle School two years ago created unhappy parents and dozens of students left the South Umpqua School District, the district will add back a sixth grade class in Canyonville ...
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"Fire Resources Reassigned (North Fork Complex Wildland Fire)"
August 26, 2008 , 8 am - As the 104 fire starts from the week-end of August 16th lighting bust are contained, the additional resources called in to assist the Forest become identified as excess to operational ...
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Hog and steer win titles
Josh Beattie of Sutherlin leads his steer Frank toward the show ring Friday at the Douglas County Fair.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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Schools see new leadership, say goodbye to retirees
Several schools in Douglas County will see changes in leadership in the fall, as will central office administration.
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Douglas County fire agencies chasing lightning strikes
Local wild fire agencies have been chasing fires all weekend after a lightning storm that pounded parts of Douglas County Saturday night.
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Lightning strikes, blazing t...
A lightning strike ignited a small brush fire between Glendale and Azalea about 8:30 p.m. Saturday, emergency dispatchers reported.
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Fly like an eagle
Mason the bald eagle looks at his caretaker, Ruth Saily as she feeds him goose meat.
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Announcements
Green Elementary School would like to thank all of the businesses and wonderful people who made the recent 5th grade graduation a success.
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Umpqua Valley lamb growers educate Portland grocers
Employees with the New Seasons Grocery chain in Portland listen during a tour aof the Sandberg Family Ranch near Roseburg.
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Cancer treatment brings halt to trial for remaining drug ring defendants
The three remaining defendants with ties to a major drug ring that began in Douglas County in the 1970s had their cases put on hold after doctors said one of the men needed to undergo a second round of ...
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Winning feels familiar to this champion
The championship class at the Douglas County Lamb Show has become quite familiar for Jordan Pynch.
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Hooves in the garden
When she was 3 years old, California-born Catherine Lassesen fell in love with horses.
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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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