Aurora, 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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(800) 675-9783
| Aurora, Oregon News |
Floods, mounting snow ruin buildings in Northwest
A mud slide destroyed a home Friday, briefly trapping its occupants, and flooding, mud and deep snow blocked roads as the latest winter storm pummeled the Northwest.
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Source leads to suspect who fled
A man who fled from police on New Year's Eve later was turned in to authorities.
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Storm dumps on Ore. highways; slide destroys house
A winter storm left many northwestern Oregon roadways under water or blocked by mud and rocks Friday.
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Tanker fire closes I-5 in Wilsonville
A tanker fire has forced closure of I-5 northbound and southbound at Wilsonville.
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Oregon livestock owners challenged by storm
CORNELIUS - The winter storm that buried the Portland metro area in snow has been tough on those who care for animals, whether it's the guy struggling to take his dog for a walk or the pet sitter unable to ...
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The morning commute: Southbound I-5 closed near Wilsonville, metro area highways icy
Let's cut right to the icy nightmare: Icy conditions and a jack-knifed semi-tractor and trailer has closed Interstate 5 southbound at Boone Bridge near the Stafford/North Wilsonville exit.
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Aurora man survives night in pickup that slid off road
A 63-year-old Aurora man spent a sub-freezing night in his pickup, curled up with his Labrador retriever, after going into a ditch off Barlow Road, between Whiskey Hill and Zimmerman roads south of Canby.
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I'm dreaming of a 'green' Christmas
Sue McHugh doesn't need to dig out old photos to remember her favorite Christmas trees - she just looks out her back window.
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Aurora police investigating spree of holiday burglaries
Police in Aurora are investigating a string of burglaries, including one where Christmas presents were nabbed, officials said.
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Police seek information on two suspects in Aurora store robbery
AURORA - Marion County Sheriff's Office is seeking information about suspects in an armed robbery of the Fuel N Mart/Circle K store on Delores Way near Interstate 5 on Friday evening.
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Marion County Deputies Investigate Armed Robbery in Auroraa
Both suspects left the store and got into what was described as an older model dark colored Pontiac Bonneville that according to witnesses, looks like a Honda Accord.
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Police Chase Stolen Car Through Two Cities
A man led Woodburn police and Clackamas County sheriff's deputies on a chase through at least two cities early Tuesday morning.
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Man arrested in Aurora for stolen vehicle investigation in Marion County
Clackamas County Sheriff's deputies Tuesday arrested a man who is a suspect in a Marion County stolen vehicle investigation, Clackamas County Detective Jim Strovink said in a press release.
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Authorities arrest one suspect after chase in Clackamas and Marion counties this morning
Two men wanted in connection with crimes in Marion County over the weekend led authorities on a pursuit this morning.
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Teen Killed Trying to Run Across I-5 Near Salem
A 17-year old male from Washington died Thanksgiving evening when he was struck by a car while trying to run across the southbound lanes of Interstate 5 at the Donald/Aurora interchange.
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Auburn Teen Killed on Highway
17-year-old Alan Bautista left his family while at a gas station and was struck trying to cross to the other side of the busy highway.
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Aurora decks the octagon and more
Christmas time ... is the right time ... to be with the ones you love ... in an octagon.
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Halloween fright: A 'free' trick, not a pumpkin treat
The signs with bright orange grinning jack-o-lanterns hang across Portland's east side: "Free Pumpkin Patch." Nancy Lewis saw it and went to check out the lot at Southeast 90th Avenue and Powell Boulevard that ...
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MUSEUMS
Old Aurora Colony Museum: 11 a.m.-4 p.m. Tuesdays-Saturdays, noon-4 p.m. Sundays, corner of Second and Liberty streets, Aurora.
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Columbia Helicopter surprised by stamp
It's pretty rare that a company is honored with a representation on a postage stamp, but Aurora, Oregon-based Columbia Helicopters has accomplished that feat thanks to the tiny country of Palau in the Western ...
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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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