Adams, MN Divorce Buyout in Minnesota
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 Minnesota, 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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| Adams, Minnesota News |
'Visions' efforts still strong
That was proven again Monday night at the annual Prairie Visions banquet at Rose Creek.
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Area fun facts with Lee Bonorden
David Letterman has fun with facts. Why cana t we? The official flower of Mower County is the dandelion, which is also used for making wine.
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Gabrielson readies for post
The last new face on the Mower County Board of Commissioners arrived after the 2006 election, when Dave Tollefson unseated incumbent Garry E. Ellingson.
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Taopi has a new mayor, city clerk - sort of
Two Mower County politicians made a literal flip-flop in the 2008 State General Election.
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The Adams Connection
This town is connected. The Shooting Star Recreation Trail is the reason. It started here two decades ago as an idea that became a reality.
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Police report, Oct. 19
Police report, Oct. 19
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Rural crime spree continues with bushels of dumped corn
Vandals dumped about 400 bushels of corn from three grain wagons Wednesday at a Lansing Township farm, the latest incident in a destructive crime spree at area farms that has caused $12,000 in damage so far.
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Sandra May and Meryl Finger belt out a song during the Glamazons' performance Thursday in Adams, Minn.
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Photos and Images from Rochester, MN
Lens on history ''The place to stop is Mose's shop'' reads the sign on a float promoting the AdamOs barber in a parade circa 1950.
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Rochester firm awarded repair, trail contracts
Rochester Sand and Gravel emerged the clear winner Tuesday, when contracts were awarded for highway repair and recreation trail projects.
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Austin man wins Cedar River Championship
Mike Selmecki, Austin, sunk a birdie putt on the 27th hole to win Cedar River Golf Course Club 2008 Championship honors over Bryan Peck of Grand Meadow on Sunday, August 3. Mike shot a 1 over par 109 for the 27 ...
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Douty files for county
Sarah Douty has entered the Mower County Commissioner race for the 2nd District seat on the county board.
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Adams woman swerves around deer, crashes
An Adams woman who swerved to avoid a deer and rolled her vehicle Sunday was in good condition this morning at Saint Marys Hospital in Rochester.
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Equalization for all?
"Comparables" worked against Troy Miller, but for Dan Hoffman when the Mower County Board of Equalization met last week.
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Commissioners deny big hog lot
Due to insufficient roadways and the potential for flooding, the Freeborn County Board of Commissioners stopped a hog lot from building in London Township.
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Armed Forces Museum honors those who have served
Inside, the talented Forte Milers provided patriotic music. Outside, the skies rumbled with occasional thunder, suggesting "bombs bursting in air." In the front row were soldiers in the camouflage uniforms.
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Calumet Players rehearsing for Oz
The Calumet Players are in rehearsal for "The Wizard of Oz" to open June 20 at the Pipestone Performing Arts Center.
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Veto of wind energy proposal - disappointing'
Wind turbines spin under the vast and sprawling blue and cloud-filled skies south of Adams in this file photo.
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South's season of celebrations
With less than four months to go before the Defeat of Jesse James Days, Brad Ness is pretty calm.
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Bike Trail Expansion
"We think we have enough grant money available now to bring it to Rose Creek. Beyond that, we're going to have to knock on the legislative doors" It's a trail years in the making that one day could connect several communities in Mower County. via KAAL-TV Austin
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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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