Avon, CT Divorce Buyout in Connecticut
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 Connecticut, 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.
Return to divorce buyout in the state of CT
| Avon, Connecticut News |
AVON: Water Mains To Be Flushed
The water company will flush water mains in the west Avon area today through Friday.
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Tour of historic homes unlike those of other cities
One thing Stephen Hard wants to make perfectly clear to anyone thinking about signing up for the Greater New Britain Arts Alliance tour of historic homes: "This is not Greenwich!" Say what? "The homes people ...
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Hartford Police Mounted Patrol Unit to Graduate Monday, October 6, 2008
Hartford Police Chief Daryl K. Roberts today announced that the new City of Hartford Police Department Mounted Patrol Unit will graduate at a ceremony scheduled for Monday, October 6, 2008, beginning at 12 noon ...
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Jury trial set for suspect in Winsted group beating
A jury trial is scheduled to begin Nov. 4 in Litchfield Superior Court in the case of an Avon man accused of beating a man who was out for a nighttime walk in Winsted, after a judge rejected his attorney's ...
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Home Construction Permits Down 29 Percent
Home builders in Connecticut are looking to February and March for signs of whether construction will pick up next year.
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EDITORIAL: Torrington's other state senator
We will surely see plenty of Democrat Arthur House and Republican State Rep. Kevin Witkos over the next month as they campaign for the State Senate seat being vacated by Republican Sen.
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CT Review: Economic Downturn Delays Casino Expansion Plans
For 15 years, the state's two casinos had one overriding drive: Expand, expand, expand.
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Lowe's Drops Plan For Canton Site
Lowe's has pulled the plug on its plan to build a store and garden center on a 24-acre parcel just off Route 44 near the Avon and Simsbury lines.
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Connecticut River Valley Fall Foliage Brochure Now Available From Central Regional Tourism District
Leaves throughout the Nutmeg State soon will turn to countless hues, making the River Valley/Connecticut region perfect for Fall foliage "leaf peeping." A free colorful, new pocket brochure, produced by the ...
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West Hartford Artist To Hang Free Artwork Around Town
Don't have thousands to spend on original artwork? Don't worry. Don Carter, a local artist and self-styled Robin Hood of the Greater Hartford art world, has the answer.
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Avon Opening Once-Secret Negotiations To The Public
It's only an informational meeting, but taxpayer advocates say citizen involvement in talks usually conducted behind closed doors just might revolutionize the way municipal business is done.
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Avon Town Manager Planning Retirement
Longtime Town Manager Philip K. Schenck Jr. announced Friday that he will leave the job in mid 2010.
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Bear sightings in Bloomfield on the rise
Pat Braun and his family were surprised to see an intruder on their property last week - a black bear.
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Teachers, Students Appreciate Avon's Renovated High School
Copper lamps gleam on a row of carrels in the back. Nearby, students sit in a circle of faux leather chairs, noses buried in notebooks.
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City Dems open HQ
Area Democratic candidates for state office opened their campaign headquarters at 15 Main St.
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Author O'Nan coming to Farmington
Novelist Stewart O'Nan's "Songs for the Missing" is due in bookstores in less than two months, but it's a 1998 work that is the focus of attention Monday in Farmington.
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Continuing Care Builder Has Deal For Simsbury Site
Mark Greenberg, who owns about 60 acres in the Southern Gateway section, has signed a contract to sell 23 acres to The Shelter Group, a Baltimore-based company that builds continuing care facilities for ...
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Educator invites readers to share in magical adventure
Anna Troiano, who teaches second-graders at Pine Grove Elementary School in Avon, said her love of coastal Connecticut and mapping inspired the creation of her self-published children's book "Mystical ...
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Experts say West Hartford faring better than
West Hartford has recently seen a signficant rise in foreclosures and pre-foreclosure sales, but local real estate and economy experts say the increase has had a neglible impact on the West Hartford real estate ...
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Democrats gather to watch historic speech
Since Gov. M. Jodi Rell announced plans were under way to address truck safety issues in the aftermath of a second serious crash at the base of Avon Mountain, area law enforcement leaders have been looking to ...
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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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