Audubon, 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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| Audubon, Minnesota News |
Royals win, advance to Prep Bowl
MINNEAPOLIS - Zack Lanners rushed for 173 yards and one touchdown and caught another TD from his older brother Shawn Lanners to help Royalton to a 42-20 prep football win over Lake Park-Audubon on Friday at the ...
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Letter: Help decrease need for shelters; adopt a pet
Election 2008 is over! We can live again, and numbers are mounting to unbelievable levels at our local Marshmallow Foundation/ Lucky Dog Animal Shelter in Detroit Lakes.
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End 3rd: Royalton 34, Lake Park-Audubon 6
Posted on November 14th, 2008 12:11 PM By Jon Marthaler Royalton is winning the field-position battle; it forced another LP-A turnover, along with a Raiders punt out of their own end zone, and produced a pair ...
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Letter: LP-A school should be built between two towns
I was all for the new building when it was supposedly going to be built between Audubon and Lake Park .
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Voters reject school taxes -- supporters worried in Pelican Rapids, Perham-Dent
Voters in northwest Minnesota balked at raising their own taxes to fulfill pleas for operational or building funds by area school districts.
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LP-A, Pelican voters reject funding proposals
Voters in two west central Minnesota school districts rejected new funding proposals Tuesday, and voters across the region selected representatives to their respective boards.
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Hawley man rescued from Cormorant Lake
DETROIT LAKES a ' A 54-year-old Hawley man was rescued Monday night from Cormorant Lake southwest of Detroit Lakes after his boat sank.
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Election is Tuesday, don't forget to vote
The general election is Tuesday, and all four major school districts in Becker County have candidates on the ballot, as do most cities.
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A look at proposed LP-A high school
A new high school for grades 7-12 in Lake Park, and a renovated and expanded elementary school in Audubon - that's the proposal that Lake Park-Audubon School District voters will either approve or reject in the ...
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Dozens of school districts seeking tax hikes next month
More than 50 school districts across Minnesota will seek more money from voters next month.
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Native American tradition helps students solve problems
AUDUBON - A few years back, a toy went missing from an Audubon, Minn., sixth-grader's locker.
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Thirteen to compete for four seats
Breckenridge is poised for its liveliest School Board election in recent memory.
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Oneka Lake is home to 'aerial acrobats'
Bruce Bernin is landlord to dozens of two-winged tenants. Single-family homes are dispersed throughout his 25-acre tree farm in Hugo, housing wood ducks, swallows and many other species of birds.
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Art's in store in Cormorant
These 13 pieces of artwork by regional artists are only a taste of what was previously shown at the Cormorant Area Art Club's fine art show and sale, including DeVaughn Kolke's piece entitled "My Grandson and ...
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Prep Class A track: Bulldogs' Keller, 'Streeters' 1,600 relay race to victory
Class A: Bulldogs' Keller, 'Streeters' 1,600 relay race to victory By Frank Rajkowski frajkowski@stcloudtimes.com ST.
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Look for raptor nests in city limits
There is a pair of great horned owls in our neighborhood. In December, I heard their courtship hooing. via StarTribune
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Five WCA cagers earn HOL cage honors
Five West Central Area girls earned All-Heart O' Lakes Conference honors for the 2007-08 season. via Daily Journal
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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