Antioch, 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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| Antioch, California News |
Antioch will look to cut roughly $5 million from budget in January
The first part of January will see the Antioch City Council likely wielding hatchets, not scalpels, to find ways to cut upward of $5 million from the $49.2 million general fund budget.
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Belarde's brings home-style cooking to Antioch
Bob Belarde, center, and his team, left to right, Rick Matheny, Roberta Matheny, Shawn Stanley and Ray Belarde, are ready to welcome you with a home-cooked meal at Belarde's Roadhouse Café & Deli.
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Section 8 housing in Antioch
It's official. Antioch really does have a problem with Section 8 renters causing trouble despite County attempts to explain away bad behaviour.
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Slain Antioch men had turned a corner, relatives say
Lifelong friends Christopher Smith and Robert "Chuck" Wickham Jr. grew up together and shared similarly checkered pasts, marked by trouble with both the law and drugs.
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Man In Stable Condition After Antioch Shooting
A 23-year-old man is in stable condition after being shot in Antioch Tuesday morning, police said.
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Antioch police calls
The following calls were among those handled by the Antioch police Dec. 23-28 according to information provided by the police department.
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Influx of black renters raises tension in Bay Area
As more and more black renters began moving into this mostly white San Francisco Bay Area suburb a few years ago, neighbors started complaining about loud parties, mean pit bulls, blaring car radios, ...
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Two Sought in Weekend Antioch Killings
The search continues for two men who killed two people inside an Antioch home. Investigators say they found two 32-year old victims shot to death inside the bedroom of a home on Carmona Way.
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Two men shot to death in Antioch home
An Antioch Police officer watches the outside of a home on the 2800 block of Carmona Way on Sunday, December 28, 2008 in Antioch, Calif.
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Antioch Police Search For Suspects In Home Murders
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As housing market stagnates, one developer looking toward eventual rebound
Residential construction in the Bay Area is at a virtual standstill, but at least one Antioch developer is angling to be in place when the housing market picks back up.
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Antioch, Army form new bond
Lt. Col. Scott Gemeling, left, and Antioch Mayor Jim Davis hold a city flag presented to the 483rd Transportation Battalion as part of a Dec.
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Daniel Borenstein: State must find out why system failed dead teen
The death of Jazzmin Davis, the 15-year-old police say was tortured for 15 months and starved to death by her foster mother in their Antioch home, should serve as a catalyst for state and court investigations ...
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Antioch Police Calls
The following calls were among those handled by the Antioch police Dec. 19-21 according to information provided by the police department.
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Theater groups working through tough times
WELL, it has certainly been quite a year for theater companies in Contra Costa County.
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Antioch Middle School helps those in need
The spirit of the season shined brightly at Antioch Middle School. A couple weeks before winter break, staff decided to put together some food bags for their homeless families .
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Loaves and Fishes performs daily miracles for those needing a good meal
Visitors sit down to eat while eating at the Loaves and Fishes at the First Baptist Church on Monday, December 15, 2008 in Martinez, Calif.
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Word of Mouth
What LIP teen board members are talking about this week: MOVE OVER, STARBUCKS: On a chilly winter day, nothing is more tempting than a freshly baked pecan braid from Panera Bread in Fremont.
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Antioch City Council names Parsons to vacant seat
A three-hour interview process with "Survivor"-style elimination rounds was what it took Thursday for the Antioch City Council to whittle a field of 13 applicants down to one new council member.
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Dumbarton and Antioch Bridges Not Siesmically Fit
Caltrans authorities told Bay Area Toll Authority officials Wednesday both the Dumbarton and Antioch bridges are no longer seismically safe and must be retrofitted at the hefty price of $9.5 million each.
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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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