Alsea, 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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| Alsea, Oregon News |
Floodwaters forecast for Marys River
A flood warning was issued through this morning for Alsea and other areas in western Benton County, and the Marys River was predicted to swell to major flood levels today.
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Rural Benton schools may stay closed all week
Philomath, Monroe and Alsea schools were closed due to frosty weather and snow for the third day in a row on Wednesday, and it looks like they won't be in session the rest of the week, administrators said.
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Freezing rain, more snow may hit valley
Be prepared for more slippery roads and arctic weather. The National Weather Service has issued a winter weather advisory for Benton County and much of northwest Oregon.
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Mid-valley grapples with snow and ice
Mid-valley residents had a slow commute to work Monday, but most students got the day off.
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Valley grapples with storm
David Zalubowski/Associated Press Stymied by an ice-covered hill on the east side of Portland, drivers struggle to get their vehicles moving while contending with blustery winds and driving snow as a winter ...
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Library to close for remodeling
Gazette-Times Shaun Hearn, the circulation supervisor at the Corvallis-Benton County Public Library, puts some reserve items away Thursday.
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A changing landscape
COrvallis gazette-times HARLAN - Gene Cooper's pickup bounced along a gravel path and he pointed to a section of his heavily forested spread off Burnt Woods Road.
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Tourism venture helps boost Alsea craft fair
Inspired by a bad economy and invigorated by local artisans, businesses and entrepreneurs, the community of Alsea is kicking off a yearlong revitalization effort in conjunction with the rural tourism ...
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Crime Watch
This log includes incidents in which there may have been a public disturbance or a risk to the public.
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Alsea River walks set for Thursday
A pair of walks totaling 3.3 miles along the Alsea River, an outing of the Marys Peak Chapter of Sierra Club that is free and open to anyone, will be Thursday.
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News Tracker
Here's a list of local issues that have been covered recently in the Gazette-Times and the status of those stories: Corvallis City Councilor shows Cuba slides THE ISSUE: Corvallis City Councilor Mike Beilstein ...
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Hagen-Stimac engagement
Emily Joy Hagen and John William Stimac are engaged to be married July 18, 2009, at the Thyme Garden in Alsea.
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For pets: Maybe 10 years old is the new 5
The kindness of the person who adopted her grandmother's ancient dog made me smile.
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Judges hear cases on hatchery v. wild salmon
The federal government came under fire on all sides Monday for the way it counts hatchery-raised salmon and steelhead under the Endangered Species Act.
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Most Oregon teachers 'highly qualifieda
Ninety-two percent of all classes taught in Oregon's public schools during the 2007-08 school year were taught by "highly qualified" teachers, according to a report released Wednesday by State Schools ...
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Three Alsea residents busted for growing pot
Three Alsea residents busted for growing pot Gazette-Times The Lincoln County Interagency Narcotics Team arrested three people after an investigation into local marijuana manufacture and trafficking.
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Waldport students wade into learning experience
Waldport High School students prepare to wade into Fall Creek with sampling nets to collect aquatic insects to view under a microscope as part of a field trip to the Alsea Hatchery Center.
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Datebook
Sept. 29 - Linn-Benton Mediation Service will conduct a Basic Mediation Training course at Linn-Benton Community College.
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One Oregon Coast Village Has Gruesome History
These days they call it the "gem of the Oregon coast." And for good reason. This tiny little village sports a bundle of things to do and sights to take in that are some of the more unusual and dramatic for the ...
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Crime watch
Crime watch This log includes incidents in which there may have been a public disturbance or a risk to the public.
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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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