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Adrian, 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

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Adrian, Oregon News
New Yeara s Day baby

Arrabella Maria Del Refujio Carrasco was the first baby born in the new year at Holy Rosary Medical Center.


Framing a plan

While Ontario officials say the North Oregon improvement project is ready to go, Mayor Joe Dominick said the Idaho Avenue underpass is one venture that will be needed down the road.


Adrian officials raise concerns about power line

Adrian city officials added their voices of dissent Wednesday to the proposed routing of Idaho Power's planned 500-kilovolt transmission line through Malheur County.


Winter Wonderland Parade

Winter Wonderland Parade Princess Mimi Kameshige , Ontario, waves to a family member taking a photo, as Queen Zilienita Villarreal , Adrian, and Princess Stephanie Shupe, Fruitland, enjoy watching the action ...


A fitting accolade

Don and Margaret Hatt stand in their front yard near samples of Dona s hobbies. Don Hatt builds bird houses and squirrel feeders and was named the grand marshal of this weekenda s Winter Wonderland Parade.


Oregon Post Offices

To obtain the Oregon Sesquicentennial Station postmarks, follow these instructions.


Deadly accident claims one

One child is dead and five other people were injured after a vehicle accident near Nyssa Monday on Janeta Avenue.


Power line plan

The joint scoping meeting conducted by the Oregon Department of Energy and the United States Bureau of Land Management to solicit public comment on Idaho Power's proposed transmission line through southwest ...


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.


Road questions

In the wake of high oil prices and related products, Malheur County officials appear to be in no hurry to clinch a deal with the Oregon Department of Transportation regarding its newest offer on a transfer of ...


Landmark rail line torn down near Nyssa

A machine called Bobcat is being used to pile ties along the rail line being removed between Nyssa and Adrian.


Getting involved pays off

The Adrian community is enjoying a new park thanks to the foresight of some longtime residents and the support of their neighbors and friends in a project to develop a parcel of ground that sat vacant for ...


Getting involved pays off

The Adrian community is enjoying a new park thanks to the foresight of some longtime residents and the support of their neighbors and friends in a project to develop a parcel of ground that sat vacant for ...


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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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