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Reverse Mortgage
Divorce Buyouts
Debt Consolidation
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Falls City, 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
| Falls City, Oregon News |
ELECTION 2008: Vitello sweeps to City Court win
Interim Niagara Falls City Court Judge Diane Vitello swept to a relatively easy victory Tuesday night in her bid for a full 10-year term on the bench.
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Oregon Department of Forestry says three controlled timber burns caused haze over Salem
A series of controlled burns in Polk and Lincoln counties Tuesday created a smoky haze that hung over the Salem area.
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Around Oregon
Hudson Cup Matches: The 60th edition of the Hudson Cup Matches were held Thursday and Friday at The Members Club at Aldarra in Falls City, Wash.
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Annual fall plant sale upcoming
FALLS CITY - The Garden Club will hold its annual fall plant sale and bazaar from 9:30 a.m. to 3:30 p.m. Saturday at Mountain Gospel Fellowship Church, North Main Street in Falls City, next to the A&N ...
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Most Polk County schools rated as 'satisfactory'
Perrydale School has a good reputation and a waiting list of students from outside its district seeking to enroll.
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Big increases not expected in Polk County taxes
If you live in Dallas, Monmouth or Independence, you can expect to see a slight decrease in your property tax this year.
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10/15 Police / Court Report
DALLAS Arrests / Citations Christopher Lee Sickles, 22, of Falls City at 216 SW Washington St.
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Official: Humane killing of wildlife is legal in Oregon
Residents can put critically injured wildlife out of its misery, but they need to let law enforcement know as soon as they've done it.
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Area highlights
McNary d. West Salem 3-0: The Celtics passed the Titans in league standings with their win at home.
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Lance's Journal: A Tribute to Jacob, Oct. 9
In 1978, the Young American Patriotic Art Contest was established to recognize and reward high school students for expressing their patriotism visually through their art.
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News Digest:
GOOD AFTERNOON IDAHO Idaho governor pitches pay-to-drive program IDAHO FALLS - Idaho Gov.
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Falls City to seek property near falls
The city council has positioned itself to ensure that private property adjacent to the falls becomes part of a public recreation area.
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Falls City may condemn namesake falls to allow public access
Here's guessing this gets really ugly. The Polk County Itemizer-Observer reports on plans by Falls City to use the right of eminent domain to wrest the property from its private owner, allowing the public ...
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Candidates promise to put children first in 2009 session
Local legislators and candidates vowed Thursday to put children first during the 2009 Legislative session.
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Arts Council to hold auction Saturday
FALLS CITY - The Arts Council will hold a fundraising auction beginning at 4 p.m. Saturday at the Fire Hall, 320 N Main St., across from A&N Hometown Grocery.
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Silver Falls State Park to celebrate 75 years
Silver Falls State Park isn't remotely the same as it looked in 1933 when it became one of Oregon's first state parks.
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Woman to begin new chapter in life
Upon its formal opening in mid-September, Reading Time Books will contain the usual sort of eclectic literary tomes ranging from the poems of Lord Byron to the latest romance by Danielle Steele.
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Area highlights
North Salem 5, North Eugene 2: Alex Gutierrez scored four goals for North Salem in its win against North Eugene.
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Get immersed in drive to Kings Valley
A drive from Monmouth or Independence to the Benton County community of Kings Valley takes only 20 minutes to a half-hour if one is merely going point-to-point, but an entire day can be taken up if the traveler ...
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Polk updates plan for natural hazards
DALLAS - The Federal Emergency Management Agency is helping Polk County update its natural-hazards mitigation plan to a multi-jurisdictional plan, county officials announced last week.
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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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