Dorena, 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
| Dorena, Oregon News |
EPUD Gets Go-Ahead for Dorena Lake Hydroelectric Dam
By KEZI 9 News Staff November 6, 2008 A DORENA, Ore. -- The Emerald People's Utility District is partnering with the company Symbiotics to build a dam at Dorena Lake.
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Rural Community concept aired
RAINBOW: The Blue River community gained most of the attention when East Lane Commissioner Faye Stewart held the first of two McKenzie Valley town hall meetings last Thursday. Discussions focused on ways of overcoming legal roadblocks that have constrained development. Part of the problem, according to Jim Baker of the Blue River Community Development Corp., involves small lot sizes and road right of way impacts. Baker said drain fields for private septic systems take up space that limit the size of existing structures and possible additions. Likewise, the right of way for adjoining streets eats into a lots usability as well.
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'Stand by Me,' the train a " and the 200-mile jump
Last week, we left two 12-year-old boys running for their lives from a 72-ton locomotive on a railroad trestle in California.
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Dorena algae no longer a hazard
A health advisory prompted by high algae levels found in Dorena Reservoir, located in Lane County, was lifted today by the U.S. Army Corps of Engineers, the Lane County Health Department and the Oregon ...
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Algae end Dorena recreation season Tests show no toxins in CG drinking water
A week after the Oregon Department of Human Services issued a health advisory prompted by high algae levels for Dorena Reservoir, the five-mile-long lake now stands eerily deserted except for the occasional ...
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Health advisories issued for Dorena, lifted at Odell lakes
A health advisory to avoid water contact was issued today for high levels of toxin-producing blue-green algae at Dorena Lake in Lane County, while a similar advisory that had been in place at Odell Lake in ...
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Crowds gather as crane lifts tower top at City Square
A crowd of expectant onlookers gathered at the corner of Seventh and Main streets on July 29 to witness a feat of engineering.
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Cottage Grove Retrospective A look back at front-page stories from 25 and 50 years ago
Wednesday, July 6, 1983 City cracks down on 'junky' yards If it's true that one man's junk is another man's treasure, then some front yards in Cottage Grove might be considered Fort Knox.
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Summertime activities abound Leave No Child Inside
Leave No Child Inside is a new movement authored by Richard Louv. The idea is to get kids to spend more time "going green," , and less time sitting at home.
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Rising gasoline prices could end sales in Row River Valley Kirk &...
For most Americans, the inflation of gasoline prices to over $4 per gallon represents a less-than-welcome milestone.
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Art Walk 2008 Begins
"I don't think there's really a secret to it" Sloppy wet sleet and snow made the walking part of the Cottage Grove Art Walk pretty miserable last Friday, but the art itself made up for it. via Cottage Grove Sentinel
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Public comment sought on Dorena Dam hydro project
"This could be a nexus for making improvements on the dam" The Oregon Water Resources Department is currently holding an open comment period for citizen input regarding its proposed Dorena Lake Dam Hydroelectric Project through May 12. via Cottage Grove Sentinel
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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