Vida, 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
| Vida, Oregon News |
Sno-Park Season Off To An Early Start
Starting this year, the Sno-Park season begins two weeks earlier than in previous years, due to a change in state law. The Sno-Park program helps provide for snow removal at about 100 winter recreation areas across the state. People who park in a winter recreation area-a Sno-Park -between November 1st and April 30th will need ... keep reading
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What To Do If You See A Dead Bird
Birds and other animals die every day in Oregon from a variety of causes. It is not physically or financially possible for ODFW biologists or other government employees to collect and sample every dead bird statewide. However, wildlife biologists and public health officials are on the lookout for diseases that threaten wildlife or the public's health, including West Nile Virus (WNV) and avian influenza ... keep reading
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Recreation Report
The first general elk season opens this weekend in the Cascades. Elk overall fared well this year and hunting should be similar to last year. Get off your ATV and into roadless areas for the best hunting. See zone reports or the ... keep reading
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Outstanding Outdoors
Straight ahead, at the start of Marten Rapids on the McKenzie River, an overturned yellow raft bobs between a boulder and downed tree limbs. Attempting to avoid a similar fate, Paul Glowka, our guide, shouts instructions with urgency as he steers our raft into a narrow channel of roiling water on the left: "OK, crew, forward paddle ... keep reading
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In 112th District:Hovey Makes Reelection Bid
Incumbent state Rep. DebraLee Hovey, R-112, has pledged to introduce several initiatives to address energy issues, among others ... keep reading TrilbyKat's note: Hovey attended the SOI Institute here in Vida, where she became an advanced trainer in the structure of intellect theory.
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Proposed McKenzie Bait Ban Fails
The Oregon Fish and Wildlife Commission on Friday rejected proposals to limit the use of bait on the McKenzie River ... keep reading
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Puppy-Killing Virus On The Rise In Lane County
Local veterinarians are tracking a big rise in the serious puppy disease, Parvo. For unvaccinated pups, it can be really bad news ... keep reading
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Search Fails To Find Missing UO Prof
The search for missing University of Oregon professor Daming Xu resumed last weekend, but was unsuccessful ... keep reading
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Outdoor Adventures Await
At the south end of Eugene, Spencer Butte attracts many hikers because of the breathtaking view with which they are rewarded. While the hike is challenging, the panoramic view of Eugene and Lane County makes the effort a worthy one. The McKenzie River is also a beautiful destination for adventure-seekers. Because it is fed by the surrounding mountain snow, the McKenzie stays cold throughout the year ... keep reading
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Commissioner Stewart To Host 'Community Conversations'
East Lane County Commissioner Faye Stewart began hosting a series of community meetings around his district in September. Next month he'll hold two in the McKenzie Valley with community members invited to join Commissioner Stewart for community conversations and refreshments ... keep reading
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Wreck Victims Improve
A head-on collision with multiple injuries closed the McKenzie Highway a few miles east of Vida last Thursday. The crash occurred just before 6 p.m. on September 18th. According to Oregon State Police reports, the wreck occurred near milepost 28 when the driver of an eastbound 2002 Chevy truck drifted off the roadway. Lenin Ramirez Diaz, 23, of Eugene told investigators when he realized he was going off the road he over corrected and crashed into an oncoming vehicle. Twenty-two year old Ryan Jordan of Medford, Massachusetts, was the driver of the second vehicle, a rented 2008 Ford SUV. Passengers in the SUV included Rachael Trumbar, also of Massachusetts, as well as Sevin Jordan and Lindsay Brock, both of Monmouth.
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Old Growth Forests Found To Form Valuable Carbon Sinks
Contrary to 40 years of conventional wisdom, a new analysis to be published Friday in the journal Nature suggests that old growth forests are usually 'carbon sinks' - they continue to absorb carbon dioxide from ... keep reading
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Forest Fire Threat Silences Chainsaws
Increased danger of forest fires has impacted logging operations as well as some recreational activities ... keep reading
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New Bait Ban Up For Review
Bait could be banned on a 16 1/2-mile stretch of the McKenzie River - from Blue River downstream to the Goodpasture Covered Bridge - depending on the outcome of the Oregon Fish and Wildlife Commission ... keep reading
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Five People Severely Injured In Head-On Crash
Five people were injured and Highway 126 was closed for about two hours Thursday after a head-on collision a few miles east of Vida. All five people sustained "severe" injuries, according to ... keep reading
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Breaking News
Check out this video from Newssource Today, which includes information on the head-on collision which occurred on McKenzie Hwy last night. Click here for the video. The video opens with an update on the search efforts for missing U of O professor Daming Xu. The Statesmen Journal has an article on what may be the final effort to find out what happened to Professor Xu who vanished while on a hike in the Three Sisters wilderness last November. Click here for the article.
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Redstone Resurrecting The Log Cabin Resort
With a crew of carpenters going full tilt, the McKenzie River is still the dominant sound as 18 cabins are approaching completion at the Log Cabin Inn Resort ... keep reading
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River Walk Plans Moving Forward
The McKenzie River Ranger District is asking for public input on the portion of Blue River's proposed River Walk project that occurs ... keep reading
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Utility Requests Waiver For Smith Dam Fish Passage
The Eugene Water & Electric Board has requested a waiver for fish passage at the Smith Dam. EWEB has instead proposed several fish movement improve-ments and habitat restoration projects in lieu of ... keep reading
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EWEB Seeks Extension For Dam Proposal
The Eugene Water & Electric Board may be six weeks away from finalizing a plan to improve fish passage on some of its McKenzie River dams, but the specifics of the proposal are, for now, being kept under wraps ... keep reading
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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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