Vernonia, 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
| Vernonia, Oregon News |
Hyde recovering from car crash
Columbia County Commissioner Tony Hyde, fresh off the heels of a re-election victory, said Monday he plans a quick return to work after a single-car crash last week left him with a broken back, a broken nose ...
|
Rains cause threats of landslides
The National Weather Service has highlighted the potential for landslides as part of flooding for the Coast Range of northwest Oregon, the lower Columbia Basin, the north Oregon Coast and the North Oregon ...
|
Coastal storm rattles Vernonia residents
Heavy rain fell Tuesday along the Oregon Coast, leaving many in Vernonia thinking back to the powerful storm that ravaged the region one year ago.
|
Board to interview 5 for superintendent
The Lebanon School Board will interview five candidates for the position of interim superintendent next week and may choose to offer the job at that time.
|
Repairs close parts of Banks-Vernonia Trail
Sections of the Banks-Vernonia State Trail that were damaged in the storm of December, 2007, are closed for repairs.
|
Postman? Wait a minute, cops say, he's a Potman
A former U.S. Postal Service carrier has been sentenced to 18 months in federal prison for selling marijuana on his mail route.
|
Robert Hales added to firefighter memorial Robert Hales, the...
Robert Hales, the Scappoose firefighter who suffered a fatal heart attack while driving home after battling Scappoose-area fires caused by lightning strikes last month, is among the 21 firefighters whose names ...
|
Only Condon didn't have any
Afraid to go out at night? Consider moving to tiny Condon in Eastern Oregon. FBI major crime statistics released today show Condon to be the only listed Oregon town or city with no reports of either major ...
|
Cheaper gas off U.S. 26, fueled by 'God's love'
Certainly there were more people at the Oregon Zoo on Saturday to see Sam, the new baby elephant.
|
Mist Elementary succeeds with old-time charm
Fog cloaks the white clapboard schoolhouse Wednesday morning as students scamper up wooden front steps and plop behind desks.
|
Road trip to Columbia and Clatsop--or how I got to spend Saturday freebasing grassroots campaigning
Road trip to Columbia and Clatsop--or how I got to spend Saturday freebasing grassroots campaigning Carla Axtman Last Saturday I was privileged to ride along on a long and energizing day of campaigning down ...
|
Ore. flood victims still in temporary housing
When Dianna Potter visits her old house she sees peeling walls, stripped floors and mildewed furniture, bitter reminders of last winter's flood that hit this Coast Range timber town of 2,200 between the eyes.
|
Father-son fugitives arrested after stolen car chase
A father and son on the lam were arrested after a chase through the Coast Range hills Wednesday.
|
Vernonia homeowners struggle to recover 8 months after flood
Some displaced residents find shelter with FEMA's help, but it's far from home Wednesday, August 20, 2008 MICHELLE TRAPPEN The Oregonian The Oregonian VERNONIA -- Dianna Potter hates visiting her old house.
|
Deployment of Oregon Soldiers
The plan to deploy 3,500 Oregon National Guard to provide security for convoys in Iraq next year should have Oregonians asking questions Sunday, August 03, 2008 O n the record, the men and women of the Oregon ...
|
Vernonia crash claims two lives
Two people died Saturday, Aug. 2, in a vehicle crash on Timber Road near Vernonia, and another person was critically injured.
|
Ready to ride
Welcome to Cycle Oregon weekend ride central. I'm Chris Broderick of The Oregonian, and I will be blogging the ride with my colleague Michael Rollins starting Saturday August 2. The ride is sold out, the ...
|
Single-car crash near Vernonia kills two
A man crashed his vehicle early Saturday morning on Timber Road near Vernonia killing two of his passengers.
|
Habitat strikes back
Who knows more about needing a place to live than Darth Vader? After all, a bunch of teenagers blew up his house.
|
Loggers from TV's 'Ax Men' will be in Vernonia parade grand marshals
The four logging crews featured on the History Channel's reality series "Ax Men" are this year's grand marshals at Vernonia's Friendship Jamboree parade.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
|
|