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Alvarado, TX Divorce Buyout in Texas

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 Texas, 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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Alvarado, Texas News
AEN sweeps fire prevention poster contest

The 2008 Alvarado Fire Department Fire Prevention Poster contest was conducted Oct.


Teen indicted in Alvarado slaying

November's indictment list handed up by the grand jury in the 249th District Court includes a 16-year-old Alvarado boy charged with capital murder and burglary of habitation.


Daily Crime Blotter Nov. 17, 2008

FORT WORTH TAKE-OVER BANDITS CAUGHT ON CAMERA Three men were caught on camera Sunday robbing a clerk in the presence of her children at the QMart Convenience store in the 2100 block of Ridgemar Boulevard.


RC Pro National Championship

Latest race news from Kyosho : Ryan Lutz put in a stellar performance and swept both Pro Buggy and Truggy Classes at the RC Pro International Finals in Alvarado Texas.


Judge who was vindicated in e-mail controversy faces possible misdemeanor DWI count

When state District Judge Elizabeth Berry was accused of writing a racist e-mail this year, lawyers and friends offered support as the allegations made their way through court.


Pit bull attacks child

A pit bull attacked a 6-year-old girl Sunday in Keene ripping off a 13-inch diameter section of her skull, according to a Dallas television station.


TARCO Judge Berry Arrested On DWI Suspicion

Nov 11, 2008 8:26 am US/Central A well-known Tarrant County judge was arrested this weekend and charged with driving while intoxicated.


Fort Worth judge arrested on suspicion of DWI

A Tarrant County felony court judge was arrested Saturday afternoon on suspicion of driving while intoxicated by Alvarado police patrolling Interstate 35W.


Mansfield teen's fatal shooting is a mystery 5 months later

Adreana Ramsey admits being overly protective of her son. Even though Danny Lee Ramsey III was 18, she kept track of his whereabouts, knew his acquaintances and had a handle on his interests.


Two arrested in Alvarado murder

A month-old argument apparently resulted in the shooting death of an Alvarado resident Monday, said Alvarado Police Chief John Allen.


Roads key issue in race

Candidates running for precincts 1 and 3 of the Johnson County Commissioners Court have one common goal - improve transportation in the area.


Alvarado welcomes giant galvanizer

One of the world's biggest galvanizing facilities is now in Alvarado, and the business will create about 100 jobs in the city.


Native American ghosts especially troublesome

There's no ghost like an angry Native American ghost. Think about it. You'd be angry, too, if somebody killed all your buffalo and swindled you out of Brooklyn and Manhattan.


Alvarado man, 19, gets 13 years in fatal shooting of rival gang member

A 19-year-old Alvarado man was sentenced to 13 years in prison Thursday for the 2007 shooting death of a 15-year-old rival gang member outside a south Fort Worth shopping mall.


First-timers join ranks of El Paso voters

Christian Garcia was a bit nervous Tuesday about voting for the first time in his life.


Alvarado ISD assesses AYP performances district-wide

To be compliant with the No Child Left Behind Act, the state of Texas is required to evaluate all schools and districts in the state based on three indicators: reading/language arts, math and either graduation ...


Holland wins LES Reading Bee

Lillian Elementary School had its reading bee on Wednesday in the school library.


District honors safety efforts

Alvarado ISD Director of Human Resources, Mary Ann Wood, honored campuses and departments that did not have an employee injury during the first six weeks of school.


Teen to stand trial as adult in slaying

A judge certified a 16-year-old Alvarado boy accused of capital murder to stand trial as an adult in the district court system.


Teen to stand trial as adult in Alvarado store clerk's shooting death

A 16-year-old Johnson County boy was certified Thursday to stand trial as an adult in a July fatal shooting of an Alvarado convenience store clerk that police described as "cold-blooded." Judge Robert Mayfield ...


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