Drain, 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
| Drain, Oregon News |
Elkton residents celebrate bridge project completion
Elkton High School senior Richard Sanchez never thought people would make such a fuss about his drawings.
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Rumbling to a slower speed
Drivers headed west toward the Tyee curve may now receive a jolt as they approach on Highway 138 West.
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Drain man dies in Highway 99 accident
A Dodge Dakota pickup driven by James Dean Plueard left Highway 99 early Sunday morning and crashed into a tree, killing the driver.
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News
Police arrested a Cottage Grove man Wednesday who has allegedly been connected to more than $200,000 worth of stolen property, including a generator swiped last year from a construction site on Highway 38 near ...
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Man allegedly linked to $200,000 in stolen property
Police arrested a Cottage Grove man Wednesday who has allegedly been connected to more than $200,000 worth of stolen property, including a generator swiped last year from a construction site on Highway 38 near ...
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$1,000 reward offered in hor...
A local woman is offering a $1,000 reward for information that leads to the arrest and conviction of whoever shot a horse to death on her property last week.
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Four arrested in connection ...
Four people were arrested Wednesday in connection to the discovery of more than 400 marijuana plants at a residence in Drain, according to a Douglas Interagency Narcotics Team news release.
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Drain man dies in Friday afternoon crash
DRAIN, Ore. A Drain man died Friday afternoon in a single vehicle crash on Highway 38 about four miles west of Drain.
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Fatal car crash on Highway 38
An unidentified person died in a fatal car crash on Highway 38 between Drain and Elkton, according to an Oregon State Police news release.
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Weekend's Best Bets, Sept. 2...
A suri alpaca chews in the barn at Jubilee Alpacas in Roseburg in this file photo.
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NEW Woman killed in collision with log truck
This is a press release courtesy of Oregon State Police A Drain-area woman died Monday afternoon when the pickup she was driving was struck by an unloaded log truck as she attempted to pull onto Highway 42 ...
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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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Elkton school district seeks...
Brian Kruse, head of maintenance for the Elkton School District, points to an outdated electrical circuit breaker.
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Man's death in Mexican custody shakes up Oregon log town
The only activity outside Sam Botner's hilltop home Wednesday came from the passel of dogs out front.
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Police and fire log for Sunday, Aug. 31
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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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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Arthur Cormier's CCC Diary
"January 14 - Didn't have much to do today. After supper went to Moro & returned at seven.
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Sow give birth at fair
A newborn pig is cleaned off by Dustin Kennon shortly after its birth Thursday at the Douglas County Fair.
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Tuttles celebrate 60th wedding anniversary
Charles and Ursula Tuttle will soon celebrate their 60th wedding anniversary . The couple was married Aug.
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Weekend's Best Bets, July 25-27
Walk for a cure starting at 3 p.m. today and ending at noon Saturday on the Umpqua Community College track, 1140 College Road, Winchester.
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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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