Foster, 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
| Foster, Oregon News |
Authorities find abused children, animals on farm
Associated Press A November 20, 2008 A FOSTER, Ore. -- State officials placed six children in protective custody today after following up on a neglected and starved horses complaint near Foster Reservoir.
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Road to be closed as dam repairs begin
Foster Dam Road will close Thursday, Nov. 13, and is expected to remain so until Jan.
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Foster students salute local veterans, servicemen
Tristan Youravish, a fifth-grader, gives a card to Army Spc. Patrick Cayabyab Monday as part of a special program by Foster students honoring veterans.
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Foster fix to start in 2 weeks
The U.S. Army Corps of Engineers last week outlined its plans to repair the spillway gates in Foster Dam.
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Shelter needs more help following rescue of dogs
Foster homes are sought for 29 animals seized in Sweet Home SafeHaven Human Society in Albany is still looking for volunteers who can provide temporary homes for dogs that were removed from poor living ...
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Teachers want more prep time
School District 55 teachers are asking the School Board to let them use the time children are engaged in PE classes for planning.
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School year starts with enrollment questions
School officials reported a smooth start to the school year last week, although the total enrollment number is not yet reliable.
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Raid nets pot plants at two homes on Riggs Hill
Piles of uprooted marijuana plants lie next to a home on Riggs Hill Thursday while Sheriff's investigators inspect the premises.
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Linn County deputies seize marijuana plants
Linn County sheriff's deputies seized nearly 100 mature marijuana plants and 54 marijuana clones Friday at two houses in the Foster area.
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Courts
The following cases were decided in Lebanon Municipal Courts between June 18 and July 8. Information for each case includes the defendant's name, age and city of residence, offenses the defendant was convicted ...
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Fish recycling popular for anglers, volunteers
SWEET HOME - This is probably one of the few places where a lot of the residents have a recorded message from a fish hatchery on speed dial.
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Linn County renews funding for feral cats
The commissioners agree to allocate another $25,000 for vets who perform sterilizations Linn County is hoping to help control the cat population by footing the bill for sterilizing some feral cats.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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Corps dropping Foster Lake level to fix dam
Foster Dam operators began lowering the water level in the reservoir Wednesday, July 16, to repair the spillway gates, the U.S. Army Corps of Engineers announced.
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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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