Riddle, 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
| Riddle, Oregon News |
Soon to shed dialysis?
After spending 34 years on dialysis, Jennie Sue Ives was recently placed onto a kidney transplant list.
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A trail's measure
It was almost like any other math class, with some eagerly calling out 'three-sixteenths,' 'one-half' and 'three-fourths' and others burying heads in hands as frustration grew with the fractions last Friday.
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Public Meetings for Nov. 20, 2008
Reedsport Today REEDSPORT CHAIN SAW CARVING PLACEMENT COMMITTEE - 10 a.m., Bedrock's Chowder House, 2165 Winchester Ave.
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Public Meetings for Nov. 14, 2008
Canyonville Monday, Nov. 17 CANYONVILLE CITY COUNCIL - 7 p.m., City Hall, 250 N. Main St.
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Public Meetings for Nov. 7, 2008
Elkton Monday, Nov. 10 ELKTON SCHOOL BOARD SPECIAL MEETING - 6 p.m., High School Library, 739 River Road.
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South County returns come with a few surprises
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Riddle fire annexation measu...
Riddle voters appear to be in favor of a measure that would annex the city of Riddle into the Riddle Rural Fire Protection District, according to early returns released Tuesday.
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Program gives fresh produce to Ore. students
Eleven-year-old Sarah Linton hopped from foot to foot, fighting the cold as she handed out fruit and vegetables to younger elementary students.
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Candlelight Vigil Held for Stephanie Condon
By Lindsey Doi October 30, 2008 A RIDDLE, Ore. -- Thursday night, Friends and family of Stephanie Condon gathered at Riddle City Park to remember her and pray for her safe return.
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Search for missing girl continues 10 years later
The family of Stephanie Condon is hosting a candlelight vigil in remembrance of Stephanie on Thursday at 6 p.m. at the Riddle city park, one week after the FBI and local officials took another look at a pond ...
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Reward upped for info on missing Riddle girl
Thursday marks the 10th anniversary of Stephanie Condon's disappearance. The 14-year-old Riddle girl vanished from a family member's home while baby-sitting on the night before Halloween in 1998.
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20-Acre Wildfire Erupts Near Riddle
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Too much of a good thing at Disco Inferno
It was a hot time at Disco Inferno in October 1978. The new night club on Northcrest Drive was so popular when it opened that there were as many people outside waiting to get in as were inside dancing.
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Police and Fire Logs
These logs are the highlights of initial emergency calls and reports to the Douglas County Dispatch Center.
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Snack program comes to Fruition
Sixth-grader Sarah Linton hands out fruits and vegetables to students at Riddle Elementary School Wednesday.
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On Biz
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Hot air in cool weather
When the wind came up late Saturday morning, an early stop was put to giving balloon rides during the South Umpqua Valley Balloon Fest at the Myrtle Creek Airport.
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Best Bets for the weekend of Oct. 10 - 12
A pumpkin patch fundraiser will be held this weekend to raise money for Camp Millennium.
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Two injured in Riddle crash
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Communities added to state M...
A shady sidewalk along Southeast Jackson Street in Roseburg shows an area that could benefit from Roseburg's inclusion in the Oregon Main Street Program.
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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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