Comptche, 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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| Comptche, California News |
Old Time Notes
On Thursday of last week, at Little Lake, Martin Frost was shot and killed by his nephew, James Frost.
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Willits head-on sends two to hospital, snarls holiday traffic
Little Lake firefighters peel the roof from the mangled Honda as CalStar medics stand by with a gurney.
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Accident details released
In a collision south of Willits Tuesday afternoon a Willits woman collided head-on with a man from Comptche on Highway 101.
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Old Time Notes
Report of Navarro school for the month ending October 5, 1883: Whole number enrolled 30.
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Assignment: Ukiah - Mendotopia: Eco-tourism's next destination hot spot
Eco-tours wrap a vacation around a visit to an environmentally sensitive area and are the latest trend in the travel industry.
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The Blog Watch
About 30 miles west of Ukiah and 17 miles east of the Pacific Ocean is the small town of Comptche, population 600.
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Fires scorch terrain
When the first reports of lightning-caused fires began to come in early Saturday morning, June 21, the Comptche Volunteer Fire Department went into action.
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With Pride, Californians Step Up to Fight Fires
Members of the volunteer fire department in Comptche, Calif., fought a 2,000-acre blaze for nine days.
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More from the fire scene on Radical Ridge
Editor's note: Marylyn Motherbear Scott, whose family home on Greenfield Ranch has been threatened by the Mendocino Lightning Complex fires, shared her family's fire experiences with Daily Journal readers last ...
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Volunteer fire departments feeling the crunch
Mendocino County's volunteer firefighters have been working side by side with Cal Fire to help contain and extinguish more than 100 wildfires that have burned in the county for almost two weeks, and now they ...
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107 fires burning in county
Debbie McCord of Comptche and Cal Fire Capt. Brian Kornegay watch a helicopter make multiple water drops Wednesday on the Orr Fire above Orr Hot Springs.
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County News Digest, Broadband update
Technical consultant Susan Estrada reported this month on progress Redwood Coast Connect is making on compiling the broadband surveys started in December when public meetings were held.
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Tap water making a comeback because of economy
In times of drought water becomes more valuable than gold, which is probably why people were willing to spend so much for bottled water until very recently.
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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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