Adelanto, CA Divorce Buyout in California
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 California, 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.
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| Adelanto, California News |
Adelanto woman found dead in Muscoy
MUSCOY An Adelanto woman was found dead near a wash in Muscoy, officials said Monday.
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Adelanto Detention Center to triple capacity
ADELANTO Sheriff's deputies will be more free to patrol local streets and Adelanto Detention Center's capacity will nearly triple in capacity by 2012 if all goes as planned with the jail's expansion project, ...
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San Bernardino County Assessor Bill Postmus looks out over San Bernardino from his office.
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Adelanto man stabbed to death by roommate
A resident of a home for the developmentally disabled stabbed his roommate to death with a steak knife Tuesday night, sheriff's officials said.
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Adelanto company secures $7 million project
ADELANTO A local company just received a $7 million boost, with a contract to help supply electricity to the people of Baja California.
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Man Stabbed To Death At Disabled Home In Adelanto
Authorities say a man has been stabbed to death at a home for the developmentally disabled in Adelanto.
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Victorville Longs closing soon
VICTORVILLE Another shopping center will soon lose one of its anchor tenants, as the Longs Drugs in Victorville prepares to close in a month.
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Victorville prison riot sends six to hospital
There was a disturbance at a medium-security federal correctional facility in the Victorville-Adelanto area Monday night that sent six prisoners to the hospital.
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Adelanto Sheriff's Log
Adelanto Cop Logs December 17 8:51 a.m. A house was broken into during the night in the 18000 block of Montezuma Street.
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Cities face growing pension tab
Local cities - and their taxpayers - are potentially on the hook for hundreds of thousands of dollars in coming years to make up investment shortfalls from the largest pension fund in the country.
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Friday road and school closures
Black-ice advisory The National Weather Service issued a black-ice alert for the High Desert, with temperatures expected to drop to 19 degrees.
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Snowfall isna t record-breaking, but is unusual
The snow that fell in constant flurries Wednesday may be unusual for the Victor Valley, but it didn't come close to breaking High Desert snowfall records.
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UPDATED: Road and school closures
Road closures, as of 11:45 a.m. Wednesday CAJON PASS Interstate 15 through the Cajon Pass is closed until further notice from Highway 395 to the Interstate 215 interchange due to snow and traffic collisions.
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Around the County
A $70,000 reward is being offered for information leading to the arrest of the "Bright and Early" bank-robbing bandits that have hit three banks, including one in Adelanto.
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Truckers fear cost burden of proposed air-quality rules
Local truckers fear that proposed clean-air regulations may put them out of business and are hoping the rules can be delayed.
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Student fitness at local schools far below state average
When it comes to physical fitness, Victor Valley youths are lagging far behind their peers.
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Evidence heard in double-homicide prelim
VICTORVILLE Judge Gregory S. Tavill heard testimony in the preliminary hearing of Angel Robert Salazar, who is charged with the homicides of two Adelanto men.
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Man robbed at gunpoint at own home
ADELANTO Sheriff's investigators are searching for two men who used a gun to force a man into his home, then robbed the victim of electronics, camera equipment and cash, officials said on Wednesday.
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Airport authority, local cities to examine Victorvillea s new commission
VICTORVILLE The Victor Valley Economic Development Authority has called a meeting of its own - scheduled three hours before the city's special meeting on its new airport commission - to discuss how the ...
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Trustee gains extension with second seat
ADELANTO The election ended nearly four weeks ago, but the Adelanto School District is still short one board member, while Trustee Holly Eckes secured a second seat before her current term was up.
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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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"...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.
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