Calexico, 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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| Calexico, California News |
Body found in New River
The crew was assigned to repair gates in the New River in Calexico. At around 7:30 Tuesday morning they discovered a body floating in the River.
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Tour Profile: Calexico
Understanding Bass Management With Bob Hodas, November 20th Brought to you by Ex'pression College for Digital Arts and Mix On his first tour with Calexico, FOH engineer Frank Marchand is adapting to house ...
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Christmas tree recycling program underway
The program is free to Allied customers. Allied Waste Services of Imperial Valley will pick up Christmas Trees free to their customers in Brawley, Calexico, Holtville, Imperial and the unincorporated area of ...
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Quake in Mexico Rattles Parts of County
A 4.6 earthquake south of the Mexican border Saturday night was felt in areas of San Diego County.
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Top Ten Americana Albums of 2008
Picking the best folk and Americana records of the year isn't nearly as hard as discarding those great records that just didn't feel right stuck in the category.
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County to transfer courthouses to state
The Board is faced with a long agenda. Among the items is the Transfer agreement for the Brawley and El Centro Courthouses.
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160 Arrested, Prosecuted for Passport Fraud at California Border Ports
During its first year, a joint enforcement initiative to stem passport fraud at California border ports of entry launched by U.S. Customs and Border Protection, the State Department's Diplomatic Security ...
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Earthquake Strikes Near Calexico
Some San Diego residents reportedly felt a jolt as an earthquake with a preliminary magnitude of 4.1 struck about 12 miles south of Calexico early Sunday.
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Calexico Border Crossings Port Modernization Deployment Reduces Lanes
United States Customs and Border Protection is announcing the upgrade of vehicle lanes at the Calexico ports of entry.
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Dhillon To Retire
Gurdit Dhillon, U.S. Customs and Border Protection's field operations director in San Diego, announced today that he will retire from public service in January.
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Air Quality index
The Air Pollution Control District says the latest incident was recorded at 2:00 am Wednesday Morning.
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Stanford professor leads Obama immigration team
Stanford law Professor Tino Cullar was named this week to lead President-elect Barack Obama's transition working group on immigration, putting him among the many scholars from the Bay Area who are helping shape ...
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Bloomington man stopped at border crossing with boy pleads guilty to making child porn
Earl Venton Buchanan, stopped at the U.S.-Mexico border after the Bloomington man couldn't explain why an unrelated 5-year-old Banning boy in a wrestling mask was traveling with him, pleaded guilty Wednesday to ...
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Man pleads guilty to child pornography
A man who was arrested returning to the United States from Mexico with a young boy has pleaded guilty to child pornography.
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Calexico California World Market
The City of Calexico, in conjunction with the Calexico Chamber of Commerce and the Downtown Merchants, invite the public to attend the Calexico World Market in Downtown Second Street, on Tuesday, November 25, ...
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Holiday Advisory Issued for Calexico Area Border Travelers
United States Customs and Border Protection officials at the Calexico ports of entry are advising travelers to carefully plan their cross-border excursions during the busy holiday season .
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Local Firefighters sent to Freeway Complex fire
El Centro Battalion Chief Steve Wilson said the Team was sent to the Freeway Complex Fire.
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Appreciation Breakfast November 21
Agriculture is once again a billion dollar industry in Imperial County. The special breakfast will be held November 21, beginning at 3:00 in the morning.
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Air Quality in Calexico
The 24-hour average of PM 2.5 reached unhealthy levels early Wednesday morning. The Air Pollution Control District says the 24-hour average reached unhealthy levels for sensitive people at just after mid-night ...
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Veterans remembered and Honored
Students from around the County were being bused to the campus for the ceremony Honoring Veterans.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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