Compton, 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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| Compton, California News |
Compton: Compensation choices can be confusing
Q: I received a letter about selecting between Combat Related Special Compensation and Concurrent Receipt.
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Devising a Plan B
Devising a Plan B BY LEILONI DE GRUY, Staff Writer 01.JAN.09 Worried that the state budget crisis could cost the city millions in redevelopment funds, Compton looks for new ways to keep the city solvent.
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Giving up guns for a safe holiday
The Compton Sheriff's Station held a "Gifts for Guns" event on Saturday. The event was held in the parking lot of a Ralph's supermarket on the 200 block of East Compton Boulevard.
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TGIF: Weekend events in SoCal
Here's a look at some of the events happening around Southern California this weekend.
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3 Women Shot Near Compton
Authorities say two women were in critical condition and a third had moderate wounds after a shooting erupted inside a home in an unincorporated area near Compton Wednesday night.
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Compton assigns funds to sobriety checkpoints
Compton assigns funds to sobriety checkpoints BY LEILONI DE GRUY, Staff Writer 25.DEC.08 Concentrating mainly on holiday seasons and at a cost of $94,000, Compton initiative will last at least through ...
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SigAlert on 57 after big-rig overturns
Motorists, be prepared for slick roadways today as forecasters predict back-to-back storms this week.
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Upscale housing in the inner city?
The Willowbrook Avenue development sits on 6.5 acres and is considered one of Compton's biggest redevelopment success stories.
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The Weekend Guide
EAT Cole's French Dip What: L.A.'s oldest saloon and sandwichery revitalized by Cedd Moses has a Neal Fraser remastered menu and Sasha Petraske and Eric Alperin classically stocked bar waiting for you.
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04.DEC.08 Heavy exchange on a bullet market
Heavy exchange on a bullet market Los Angeles County Sheriff's Deputy Haralon Hicks looks over some of the hundreds of weapons turned in last weekend during an annual holiday season exchange.
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Upgrades on tap for waterway
Compton will contribute only $100,000 to a multimillion dollar plan to make significant improvements to Compton Creek.
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Charges pending in fatal Norwalk street race
Prosecutors will once more consider the case of a driver whose cousin was killed this weekend while both were allegedly street racing.
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Smoked to Perfection
Bludso's serves fantastic barbecue, says TonyC . "What cue this is!" There's beef brisket smoked with apple, hickory, and sometimes oak wood, for 13 to 15 hours.
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Man killed in racing crash identified
A man killed in a racing crash early Sunday morning in Norwalk was identified, authorities.
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Compton Holds Annual 'Gifts For Guns' Program
Dec 7, 2008 9:38 pm US/Pacific COMPTON In yet another sign of a struggling economy, a record 965 firearms were taken out of circulation during Compton's annual "Gifts for Guns" program, the Sheriff's Department ...
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PHOTOS: Family Needs Help Replacing Donations For Soldiers
Someone in Compton has stolen thousands of dollars worth of donations meant for injured U.S. troops.
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What donors gave, thieves took away
The Ferraras had filled their motor home chest-deep with boxes of zip-up hoodies, underwear and eagle-emblazoned blankets -- a rolling trove of gifts intended for U.S. troops abroad.
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Guns Traded In For Gift Cards, No Questions Asked
Required fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.
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Deputies exchange "Gifts for Guns"
More guns were taken off the streets today during Compton's annual "Gifts for Guns" program, the Sheriff's Department reported.
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Compton Event Lets People Trade Guns for Gift CardsNo questions asked
In an effort to make the city of Compton a safer place, authorities on Saturday gave $100 gift cards to people who turned in firearms and $200 gift cards for assault weapons.
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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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