Estacada, 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
| Estacada, Oregon News |
Christmas tree cutting permits go on sale Nov. 24
Are you looking for an old fashion holiday experience or a new family tradition? How about a day trip into your National Forest to cut a wild tree? The Mt.
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Chamber luncheon at Cisco Kid Nov. 19 The Cisco Kid, 150 S.W....
The Cisco Kid, 150 S.W. Frontage Road, will host the Estacada Chamber of Commerce luncheon today, Wednesday, Nov.
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NTSB releases initial report after Oct. 28 plane crash
The National Transportation Safety Board recently filed a preliminary report in the investigation of a plane crash at the Estacada Airport that killed two local residents on Oct.
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An Estacada home melds industrial materials with bold design
Steel trusses, lime plaster, sheet metal and a 30-degree pitch to the south-facing roof make Jaynelle and Colin Nash's house a study in modern passive solar construction.
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Renovate, relocate or demolish?
The old Eagle Creek Elementary, also knowns as "The Annex," was built in 1912 and has been closed for classroom use for decades.
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Salmon carcass program returns nutrients to streams
On Saturday, Nov. 15, moments before a group of volunteers on the edge of Lost Creek dove into large bins containing approximately 8,000 pounds of dead salmon covered with slime and smelling putrid, Russ ...
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School board selects interim superintendent finalist
After interviewing five candidates for interim superintendent, the Lebanon School Board selected George Lanning as the finalist on Nov.
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Knights advance, Mustangs lose
North Valley came back to post a 21-14 victory over Newport Friday night in Merlin.
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School board meets Nov. 12 The Estacada School Board will meet...
The Estacada School Board will meet tonight, Nov. 12, beginning at 7:30 p.m. in the Estacada High School choir room, 355 N.E. 6th Ave.
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Macbeth begins tomorrow
Estacada Together will host the Shakespeare performance of Macbeth, beginning at 7 p.m. on Thursday, Nov.
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Oregon Shakespeare Festival stops in Estacada
Thespians from Oregon's Shakespeare Festival will perform excerpts from Shakespeare's plays in Estacada Auditorium at 7 p.m. Thursday, Nov.
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Arnold wins Estacada mayoral race
City Council Member Becky Arnold will leave her seat at the end of December and pick up the gavel as the new mayor of Estacada beginning Jan.
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Several Clackamas measures remain undecided
It could be Friday - or later - before Clackamas County voters know the result of several ballot measures.
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School board selects interim superintendent finalist
After interviewing five candidates for the interim superintendent, the Lebanon School Board selected George Lanning as the finalist Wednesday.
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Preschool hosts spaghetti feed fundraiser Nov. 8 The Red Barn...
The Red Barn Preschool will host a spaghetti dinner and auction on Saturday, Nov.
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Two die in plane crash near airport
Two men were killed in a plane crash near the Estacada Airport when their plane lost power and went down in a wooded area just after 7 p.m. on Oct.
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Tom State and Dora Morgan launched their effort to recall four...
Tom State and Dora Morgan launched their effort to recall four members of the Estacada School Board on July 4 by walking down Main Street during the Fourth of July Parade .
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Around Town...
The City of Estacada is accepting applications from persons interested in positions on the following committees/commissions: Planning Commission: This Commission has four vacancies; three to be filled by ...
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Four-day work week begins for county offices
Beginning Monday, most Clackamas County offices will begin operating on an alternative 10-hour workday schedule Monday through Thursday, with offices closed on Friday, as part of a one-year pilot study to ...
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Good Morning Estacada Oct. 30
The Clackamas River Ranger District will host Good Morning Estacada on Thursday, Oct.
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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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