Albion, IN Divorce Buyout in Indiana
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Indiana, 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 IN
| Albion, Indiana News |
The News-Sun: 25 years ago
James W. Cobb, president of Concord World Travel, Kendallville and Elkhart, presented Cathy Johnson with an all-expense paid trip to Hawaii for winning the 1983 Miss Noble County title at the Noble County ...
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'Busco, township agree to fire protection
By CHRIS MEYERS Staff writer Rest easy residents of Churubusco, your fire protection for the coming year is under control.
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Trevor Wert Benefit is Saturday night
A Trevor Wert Benefit Auction and Spaghetti Supper is being planned for Saturday, August 9, 2008 at Albion Eagles, 111 West Hazel Street in Albion, beginning at 5 p.m. until the food runs out.
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Cathy Knopp leaves legacy in Albion
The Albion community was stunned last Wednesday as word circulated that longtime teacher Cathy Knopp had been found dead in her classroom at Central Noble High School.
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Creature comforts
The monkeys rule at the Fort Wayne Children's Zoo. At right is a white-throated Capuchin.
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Teacher dies in C. Noble classroom
A Central Noble High School teacher was found dead Wednesday morning in her classroom.
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Albion GI faces pain, loss during 2 years in Iraq
Sgt. Russell Broughton toured Washington, D.C., this month with his wife, Kristi, and daughters Abigail and Sophia.
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Albion GI faces pain, loss during 2 years in Iraq
Sgt. Russell Broughton toured Washington, D.C., this month with his wife, Kristi, and daughters Abigail and Sophia.
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Police arrest suspect in high speed chase
Area police have arrested the man they believe led them on a high speed chase on Wednesday, June 21.
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Police seek chase suspect
Noble County officials are asking for the public's help in finding a suspect who outran police in a chase that started at about 10 p.m. near Albion.
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Rec vehicle busts past the barriers
Neil Niezer gets into an all-terrain vehicle customized at Dial-X Automated Equipment in Albion.
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Black Pine gets alligator
Black Pine Animal Park in Albion, IN knows all too well the challenges people face in keeping exotic animals as pets.
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CAR chapter members earn awards at state conference
The Weaver family of Shipshewana attended the 81st Annual Indiana State Conference of the Children of the American Revolution in Indianapolis.
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Sweet Church Ice Cream Social
Nothing beats homemade ice cream in the summertime! Historical Sweet Church Community would like to invite you to its first Sweet Summer ice cream social 6:30-9:30 p.m. June 20.
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Life in early Albion is revealed in letters
During the past 30-plus years in Albion, I have come upon many sources while researching the history of the town and its residents.
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ALBION - " County officials ponder improvements to Weber Road
The 6,000 square-foot building has been occupied for several years by the Indiana Division of Child Services which moved to a new location in Albion earlier this year, and employees of Family Resources Services ...
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One injured in Loon Lake house fire
By CHRIS MEYERS Staff writer Five fire departments rushed to put out a massive house fire Tuesdsay afternoon on Loon Lake that injured one of the home's occupants.
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Construction
Closed between Edsall Avenue and Roy Street for about four weeks. JEFFERSON BOULEVARD The two south lanes between Harrison and Ewing streets are closed.
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80 exotic animals greet guests
"I don't think he saw sunlight for four years" Aidan Sprague, 4, with his father, Adam Sprague, feeds an ostrich Sunday at Black Pine Animal Park. via Fort Wayne News Sentinel
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Aidan Sprague, 4, with his father, Adam Sprague, feeds an ostrich Sunday at Black Pine Animal Park.
"I like (going to Black Pine) because Aidan can get so close to them and feed them" What : Black Pine Animal Park Where : 1426 W. 300 N., Albion Hours : Open daily 10 a.m. to 5 p.m. through Labor Day. via Journal Gazette
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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