Florence, 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
| Florence, Oregon News |
The infamous tale of an exploding whale
Even years later, KATU still receives phone calls and emails from viewers interested in re-watching the story KATU's Paul Linnman reported on in November of 1970.
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Storm watchers head to the Oregon Coast
FLORENCE, Ore .-- Winds gusting more than 40 miles per hour. Close to 2 inches of rain falling.
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Florence feud claims 2 lives
Lane County sheriff's deputies say disputes over trespassing, pets and other issues led to the shooting deaths of two Florence neighbors.
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Sheriff's Deputies Investigate Murder-Suicide On Coast
By Dan Corcoran November 1, 2008 Florence, Ore.-- Two people are dead after an apparent murder-suicide on the coast.
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Suspect Shoots Man and Remains Barricaded in a Home
By Kaitlyn Bolduc October 31, 2008 A Florence, Ore.-- A local man is fighting for his life, after sustaining a gunshot wound to the head.A Authorities say the original 911 call came in before noon friday from a ...
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Man shot south of Florence, Ore.; sheriff seeks suspect
A male shooting victim was taken to RiverBend hospital via air ambulance Friday after calling to report he had been shot.
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Help with heating costs available for low-income households
Lane County households needing financial assistance with heating costs can get help from the Low-Income Energy Assistance Program operated by Lane County's Human Services Commission.
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Health advisory is issued for Siltcoos Lake
A health advisory to avoid contact with the water at Siltcoos Lake because of elevated levels of toxin-producing blue-green algae was issued today by local and state health officials.
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Author traces trails of debris on Oregon coast
EUGENE - If Bonnie Henderson's mile of beach wasn't so ho-hum, she might not have started really noticing the things that wash up there.
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Ralph G. Hawley, Jr.
Ralph G. Hawley Jr., age 87, of Florence Oregon passed away Oct. 8, 2008. Hawley was born July 24, 1921, in Tonica, Ill., to Ralph and Lora Hawley.
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Cowan runs unopposed for House seat
Although election day is Nov. 4, Oregon ballots go out in the mail Oct. 17 through 21.
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Julian Claiborne 'Clay' Baumeister
Julian Claiborne 'Clay' Baumeister passed away Sept. 27, 2008. He was born in Los Angles, Calif., to Leota Elrod and James Adolph Baumeister on June 4, 1918.
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Dump toxic junk for free
What: Household Hazardous Waste Roundup. The collection is free for hazardous waste that is from household sources, up to 35 gallons total per customer.
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Composing an orchestra
Ginia Strickland, left, Sioux Boston, center, and Barbara Wilcox share a laugh. The string players have played with the Newport Symphony Orchestra since its beginnings.
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RVers Protest Oregon Campground Fee Increase
Siuslaw News - Florence,OR,USA Like a can of sardines, nearly 40 people sat, stood and squished into the small Port of Siuslaw office for the regular commission meeting last Wednesday to discuss the rate ...
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John Clayton 'Jack' McCurry
McCurry-John Clayton "Jack" McCurry, age 79, of Florence, formerly of Sacramento, Calif., was called home to be with his Lord and Saviour on Sept.
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Obiuaries: Wayne Milton Adams
Graveside services will be held at the Eagle Point National Cemetery in Eagle Point, Ore., at 11 a.m. Friday for Wayne Milton Adams of Florence, Ore., who passed away Sept.
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City proposes slate of crosswalk improvements
State and federal monies could fund projects. Florence City staff presented information on Highway 101 crosswalk improvements at the Sept.
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Meet the Dunes City candidates
As the Nov. 4 election slowly creeps upon Dunes City voters, the debate over which candidates would best fill the four open city council spots heats up - and hopefully we can help with that decision.
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'Missing' Sweet Home man turns up in Florence
Almost immediately after Sweet Home police reported they were searching for a missing man last week, he turned up in Florence to report that he was OK.
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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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