Prospect, 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
| Prospect, Oregon News |
Emergency Services
James Sterling Sowell, 54, of the 400 block of Red Blanket Road, Prospect. Shady Cove police Wednesday arrested Sowell on charges of possession of methamphetamine, being a felon in possession of a weapon, ...
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By Kelley Ashford A November 19, 2008 A NEAR PROSPECT, Ore. -- A former University of Oregon student is taking on the country.
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Emergency Services
Jesse Cypress Gustafson, 29, of the 5200 block of Fish Hatchery Road, Grants Pass.
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Embarq Corp. phone exchange to be acquired by Louisiana firm
CenturyTel Inc. of Monroe, La., has announced it will acquire larger peer Embarq Corp.
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Emergency Services
Terry Lynn Atchley, 45, of the 2700 block of Biddle Road, Medford. Atchley appeared Friday in Jackson County Circuit Court on an indictment charging him with possession of methamphetamine and endangering the ...
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Church Welcomes New Pastor
Members and friends of the Christian Family Fellowship Church will be celebrating Sunday, Oct.
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Phone Users Hung Up on New Area Code Plans
The 541 area code is running out of phone numbers, so starting in 2010 new phones in Eastern and Southern Oregon will be assigned a 458 area code.
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Candidates differ over approach to clerk's job duties
Saying the Jackson County Clerk's office should be run like a private business, bakery owner Colleen Roberts hopes to unseat incumbent Chris Walker, who has served in some capacity in the clerk's office for 13 ...
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Authorities answer call for help ... from suspect
Rescue crews from the Jackson County Sheriff's Department pulled an injured burglary suspect from the banks of the Rogue River Friday morning.
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Wanted man who called police for help has been rescued
A wanted man who called police asking for help in the woods near Prospect this morning has been found and was taken by ambulance to a hospital, authorities said.
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Middlefork Fire Road, Trail Closures Lifted
The Rogue River-Siskiyou National Forest has lifted all trail and road closures associated with the Middlefork fire near Prospect.
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Fire season dwindling down
Mother Nature may be offering a helping hand to wildland firefighters, but the fire season isn't out of the woods just yet.
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USFS, BLM rush to clear mess from last winter's storms
By Ron Brown & Faris Tanyos A October 1, 2008 A NEAR PROSPECT, Ore. -- The U.S. Forest Service and Bureau of Land Management are working to clean the mess left by a series of winter storms earlier this year ...
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Lonesome Complex News Release
Yesterday's Activities : Fire rehabilitation work is being done in cooperation with the National Park Service and Forest Service.
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Rebuilt fish ladder clears the way for Chinook salmon
Chinook salmon this month will get their easiest pass through town in more than 120 years thanks to a rebuilt fish ladder and weir around one of the oldest fish-passage barriers on Little Butte Creek.
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Smoke Drifts In, Stops Short of 'Unhealthy' Category
It was clear to see Saturday that air quality was again suffering at the hands of local wildfires, but even the worst areas stayed in the "moderate" category, according to the Oregon Department of Environmental ...
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Lonesome Complex News Release
Photo Gallery - Birdseye News Release - 09/27/07 9:00 a.m. PT PNW National Incident Management Team 3 assumed management of the Lonesome Complex at 6 a.m., Thursday, September 25, 2008 Yesterday's Activities: ...
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Fancy contraption thins the forest
A machine with a funny name could provide a better way to thin Southern Oregon's crowded forests.
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Rogue Valley Air Quality Conditions Improve
Air quality has improved this morning after Wednesday's smoky conditions across Southern Oregon.
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Report: Marijuana Plot Interloper Falls from Prospect Cliff
A man who reportedly fell from a cliff and injured himself near Prospect has been contacted by sheriff's deputies and is refusing medical care, saying instead a friend will transport him to the hospital for ...
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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