Eagle 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
| Eagle Creek, Oregon News |
Police Arrest Man Who Crashed Stolen Car
A man was arrested on an arrest warrant after he led deputies on a chase and crashed a stolen car into blackberry bushes, investigators said.
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Around Town...
The next Estacada School Board meeting begins at 7:30 p.m. tonight, Oct. 8, in the Estacada High School Choir Room at 355 N.E. 6th Ave.
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Voters to weigh in on Extension Service measure
Estacada resident Jean McCloskey took over a 65-acre tree farm near the Springwater Golf Course in 1979.
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Around Town...
The Performing Arts Group of Estacada is calling for entries to their 2008 Quasi-Annual International Teeny Tiny Film Festival, a juried showcase of under-ten-minute films to be screened on November 8 at the ...
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Dems Seek Super-Majority In Oregon House
Soaring Democratic voter registration and retiring Republican office holders are boosting Democratic hopes that November will give them the needed five-seat gain in the Oregon House to raise taxes without ...
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Democrats hope to add numbers in Oregon House
Oregon Democrats are ecstatic over the possibility of widening their lead in the state House this fall, buoyed by soaring registration and retiring Republicans in the Portland suburbs.
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Festivals Galore This Weekend
We normally write about Portland metro area events, but if you're looking for some fun family friendly activities just outside of the city, there are so many to choose from this weekend! Here are a few: Harvest ...
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CCSO looking for accused car theft
The Clackamas County Sheriff's Office is hoping the public can help find a woman accused of stealing a car in Eagle Creek.
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Cider Squeeze returns to Foster Farm
The Philip Foster Farm in Eagle Creek will host the 31st annual Cider Squeeze on Saturday, from 10 a.m. to 4 p.m. After five hours of cooking in a cast-iron Dutch oven, the tender cranberry brisket glistened ...
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Coho limits raised on Sandy, Clackamas rivers, Eagle Creek
Beginning today, the bag limit on hatchery coho salmon is three a day on the Sandy and Clackamas rivers and Eagle Creek.
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News brief: Alpaca fair at Philip Foster Farm Saturday
The Philip Foster Farm will host the Alpaca Country Faire on Saturday, Sept. 13, from 10 a.m. to 5 p.m. The event will feature 20 local alpaca breeders and their alpacas, vendors, spinners and other fiber ...
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News brief: Foster Farm to host dinner, dance Saturday
The Philip Foster Farm will host a pioneer dinner and barn dance on Aug. 30 from 5 p.m. to 8 p.m. at 29912 S.E. Highway 211 in Eagle Creek.
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Sandy man fatally struck on Oregon 224
A 21-year-old Sandy man died along Oregon 224 near Eagle Creek on Saturday night when he walked into a traffic lane and was struck by a van.
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Democratic surge sweeps through suburbs
Oregon Democrats have added 115,000 registered voters since January, overtaking the GOP in four of the five Republican-leaning House districts in Portland suburbs.
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Loved and left: On the trail of a convicted bigamist
Wayne Yee Chinn is a convicted arsonist. Now 50 years old, he has also been convicted of theft, forgery, bail jumping and bigamy for being married to more than one woman at the same time.
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Loved and left: On the trail of a convicted bigamist
Wayne Yee Chinn is a convicted arsonist. Now 50 years old, he has also been convicted of theft, forgery, bail jumping and bigamy for being married to more than one woman at the same time.
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What's wrong with this sign?
Eagle Creek resident Ralph Hatley stays up at night hoping to catch the person stealing the yellow and black school board recall signs he's posted on his property.
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Store to offer nursery stock, grocery staples, local vendors
The Barton Feed Store located at 25618 S.E. HIGHWAY 224, was recently purchased by business partners Steve Josse and Kathy Jensen.
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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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Credit Cards Stolen In Campground Break-In
A woman who had her purse stolen at a campground last month asked for help Wednesday in finding the thief.
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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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