Durkee, 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
| Durkee, Oregon News |
FISH food bank sees number of needy double
Bread, milk, cereal, pasta, cooking oil, rice and beans; these are not the things on a typical Christmas list, but they are the things many families wish for most during the holidays.
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The Cost of Recycling Could Go up in Sour Economy
By Ian Durkee A November 18, 2008 A Eugene, OR-- The cost of recycling could go up as the market for recycled material plummets.
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Police Looking For Hit and Run Suspect
By Ian Durkee A November 17, 2008 A A Eugene, OR-- Police are still looking for a suspect in a hit and run.
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Holiday Sales Mean Holiday Jobs
By Ian Durkee A November 13, 2008 A A Eugene, OR-- Retailers say even though the economy is sour, they are still planning on staffing up for the holiday season.
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Local Events Honor Veterans
By Ian Durkee A November 11, 2008 A Eugene, OR-- Veterans locally were honored at a variety of events all over the area Tuesday.
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Gibson Motor Company Closes After 85-Years
By Ian Durkee A November 9th, 2008 A A Junction City, OR-- The community of Junction City is still reeling after the closure of one of its largest employers.
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County Commissioner's Race
By Ian Durkee November 4, 2008 A Eugene, OR-- As of midnight Rob Handy leads County Commissioner Bobby Green by about four percent of the vote.
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Senatorial Candidates Come Through Lane County
By Ian Durkee A November 3, 2008 A A Eugene, OR-- Gordon Smith and Jeff Merkley spent time campaigning in Lane County Monday.
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Nationwide Scam Hits Western Oregon
By Ian Durkee November 2, 2008 A EUGENE, Ore. -- Scammers are calling and warning that your car warranty is up, but if you ask any questions, the caller hangs up.
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Oregon Soldier Dies
By Ian Durkee October 27, 2008 A A Eugene, OR-- An Oregon soldier with Eugene ties died Friday from injuries he sustained in Iraq.
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Oregon's Child Healh Care Gets an 'F'
By Ian Durkee October 21, 2008 A A Eugene, OR-- Children First for Oregon released its report card for the state of Oregon.A Oregon recieved an overall 'D' grade and an 'F' in child-health-care. Children first ...
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Mother's Cookies Files for Bankruptcy, Lays Off Oregon Workers
By Ian Durkee October 12, 2008 A EUGENE, Ore. -- About 20 Oregon workers are out of a job after one of America's favorite cookie distributors closed up shop.
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Minister marks completion of refurbishment of Sid Vicious' former home
Published by Hannah Wooderson for 24dash.com in Housing , Communities Monday 29th September 2008 - 10:43am New Court Glenda Jackson MP launched an event held by Genesis Housing Group to celebrate the completion ...
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$2M theft at a Bend home in silver coins and gold bars
Dakotah Leverett Yarborough, 43, left, has been charged with burglary and aggravated theft in connection with about $2 million in stolen coins, silver bars and jewelry taken from a northwest Bend home.
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Deportation Rates Hit Record Level in Northwest
By Ian Durkee September 22, 2008 EUGENE, Ore. -- A record number of illegal immigrants have been deported from the Northwest and the Hispanic community in Eugene has taken notice.
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Durkans comments – latest farcical position
Sinn Fin Assembly member for Foyle Raymond McCartney today said the leadership of SDLP leader Mark Durkan was 'descending into farce'. Mr McCartney's remarks come after Mr Durkan this morning claimed on a radio ...
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Bandon Prepares for Cranberry Festival
By Ian Durkee September 11, 2008 BANDON, Ore. -- The City of Bandon hopes that his year's Cranberry Festival will drum up some tourism.
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Colder Water May Mean More Fish
By Ian Durkee Septembetr 10, 2008 Coos Bay, Ore. -- The water off Oregon's shores is getting colder.
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Some Oregon Commercial Fisherman Support Sarah Palin
By Ian Durkee Sept. 3, 2008 Coos Bay-- Some in Oregon's commercial fishing fleet are throwing their support to John McCain, and it's because of Sarah Palin.
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Port of Coos Bay Allowed to Dig for LNG Tankers
By Ian Durkee August 25, 2008 Coos Bay, Ore. -- Oregon's Land Use Board of Appeals has denied an appeal by a coalition of anti-LNG organizations, challenging the Port of Coos Bay's permit to excavate a berthing ...
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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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