Vale, 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
| Vale, Oregon News |
City opts for cheaper building for injection well
A metal building instead of a fiberglass one will house controls at the deep well injection, saving the city about $30,000. The McCook City Council approved the $30,000 change order at its regular meeting ...
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Undervotes are key to any election
Enduring some cold weather and wind Shannon Dearing of Boise waves to traffic going by from the corner of Chinden Boulevard and Glenwood Street in Boise going by as they honk for support of their candidate.
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Effectiveness of county gang edict hard to measure
A Malheur County gang ordinance similar to Ontario's is still in the implementation stage although the edict has been on the books since 2007.
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Area school districts caught in ESD funding dilemma
An Oregon Department of Education plan to force school districts to repay funds they received through the beleaguered Union-Baker ESD has some area school officials more concerned than others.
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Still in limbo?
ARGUS OBSERVER Betty Cech, Vale, Carlene Waterman, Payette and Irene Haas, Nyssa practice physical therapy at the Ontario Aquatic Center Thursday morning.
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Local firm seeks permit to expand operations
Argus Observer The EP Minerals plant processes diatomaceous earth, that is mined in the hills west of Juntura, before it is shipped out to customers by rail or by truck.
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a Changea is a key theme for council candidates
Change is the key theme for most of the five candidates vying for three open Ontario City Council seats Nov.
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Vale officials adopt wait-and-see view on Lifeways plan
One Vale City Council member is opposed to a proposed Lifeways secure mental health facility, while other members of the elected board have adopted a "wait-and-see" attitude regarding the potential plan.
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La Grande man gets prison time
A La Grande man charged in the death of a Vale resident was sentenced to 40 months in jail Tuesday morning in the Malheur County Circuit Court.
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Moving on
Nyssa officials are looking for a new police chief after the city's current top cop announced he will step down from the post at the end of March.
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Vale teacher faces assault allegations
A Vale High School teacher is on administrative leave and charged with assault and harassment following a report asserting physical contact with a student, the school district announced Wednesday.
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Council hopefuls square off at event
Ontario - In one of the few forums available before the November election, Ontario City Council candidates were on hand at the weekly Ontario Chamber of Commerce meeting at the SizzlerMonday.
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A final try?
Perhaps the third time will be the charm for the Malheur County Library. The November election will mark the third time supporters attempted to form a special district to operate the facility after the library ...
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Nyssa teacher talks stall
While school continues in Nyssa as usual, negotiations between the Nyssa School District and the teachers' association regarding classified teachers' contracts is at an impasse.
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Lifeways, rezone top Ontario City Council session
The Ontario City Council learned Monday night local mental healthier provider Lifeways may come to Ontario to search for a suitable site for a secure residential facility if the same proposal fails to gain ...
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Annex School District carries on a rich, historical tradition
The red-bricked Annex Elementary School sits tucked away in a corner of Malheur County across the Snake River from Weiser, a tiny school district all its own serving 48 children in the area.
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Decision by Vale council draws fire
Vale - The recent restructuring of the Vale Fire and Ambulance Department was a point of contention between current and former members of the department at the Vale City Council's meeting Tuesday.
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Briefly
Public workshop on historical interpretation offered Ontario A free public workshop to help museums, cemeteries, historic districts and historic sites strengthen their education and interpretive programs will ...
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Hearing in Jordan Valley case postponed
Ontario - A plea hearing for a La Grande man charged in the death of Vale resident was postponed again Wednesday after his defense attorney requested a continuance.
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1957 flood remembered as one of areaA a a s worst
While there have been floods from time to time in Malheur County through the years, none of them covered so much territory or caused so much damage as the Malheur River flood in 1957, which isolated the county ...
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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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