Elgin, 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
| Elgin, Oregon News |
Gordon Smith's lawsuit: demanding $150,000 from Oregon taxpayers
BlueOregon is a place for progressive Oregonians to gather 'round the water cooler and share news, commentary, and gossip.
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Task force forming to bolster area food banks
Via Acquire Media NewsEdge) Sep. 18--With winter approaching and a growing number of local workers finding themselves unemployed, the La Grande City Council last night pledged support to an effort to bolster ...
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Ferocious Fire Destroys Bronson's
A raging fire early Sunday morning destroyed the Bronson Lumber Co. store at 10514 N. McAlister Road in Island City.
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Wallowa trains to run on 100th birthday
It's been 100 years since the first train steamed into the remote Wallowa Valley, and to celebrate that occasion, Friends of the Joseph Branch are throwing a big centennial party Sept.
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Welcome back to Elgin
The good people of Elgin and surrounding communities are there at the finish line to clap, cheer, ring cowbells and lavish food and drink on all the riders.
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County gives $5,000 boost to Elgin Clinic fundraising
The Union County commissioners have awarded $5,000 to the city of Elgin for the Elgin Family Clinic.
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I'll Have Some (Gasp!) Global Warming Please
Eastern Oregon Photo by Richard Cockle / The Oregonian During the morning, chains were required on trucks along 14 miles of Interstate 84 through the Blue Mountains between Pendleton and La Grande.
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Merry Christmas! At least it felt that way today in La Grande
Residents awoke to a summer snowstorm this morning in parts of eastern Oregon, with more than an inch on some lawns and flowers.
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Snowstorms in Oregon keep spring at bay
Snowstorms in Oregon keep spring at bay- OregonLive.com During the morning, chains were required on trucks along 14 miles of Interstate 84 through the Blue Mountains between Pendleton and La Grande.
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More mountain snow falls but hot weather ahead
The Oregon and Washington Cascades were getting more fresh snow on Tuesday morning in yet another late snowfall surprise, but the forecast calls for hot weather in the city over the weekend.
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Local Govts. in Oregon Shut Down Over New Ethics Rule
Government is in crisis in Oregon as many parts of the state are operating without city leaders.
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Oregon county replaces city councils after ethics concerns
The Union County Board of Commissioners has appointed enough people for quorums in the towns of North Powder, Elgin and Summerville. via Statesman Journal
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Excursions set for northeast Oregon
"It's a great time for seeing all kinds of birds and wildlife along the river" The popular Eagle Cap Excursion Train will begin its fifth season of operation Saturday with a 3.5-hour trip that will highlight the colors and beauty of spring in northeast Oregon. via Statesman Journal
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New ethics rules
The new rules from the Oregon Government Ethics Commission regarding economic interests of mayors, city councilors and planning commissioners across the state has caused quite an upheaval. via Keizertimes
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Officials give up jobs, not details
"You are just watching the disintegration of local government in eastern Oregon" John Stover leaned against the counter in Elgin City Hall as the seconds ticked down Monday on his 14 years on the City Council. via Oregonlive.com
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New state ethics form sparks uproar in rural Oregon
"I have never seen anything like this before" Posted by Eric Mortenson, The Oregonian April 08, 2008 17:20PM Categories: Breaking News City councilors and planning commission members in more than half a dozen small Oregon towns have resigned over a state ... via The Oregonian
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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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