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Avilla, 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.

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Avilla, Indiana News
People and places

Joseph Cowen of Fort Wayne was among 17 seniors to receive the Golden Hoosier Award for volunteer service to the community from Lt.


Peoples Bancorp Declares Cash Dividend

AUBURN, Ind., Aug. 21, 2008 -- The Board of Directors of Peoples Bancorp , the Holding Company for Peoples Federal Savings Bank of DeKalb County, declared a Fiscal 2008 fourth quarter dividend of $0.19 per ...


Group to lobby for Sunday alcohol sales

A coalition of retailers and trade associations has launched a Web site as part of a push for Indiana to repeal its long-standing ban on Sunday alcohol sales.


Two Killed in Separate Area Crashes

NOBLE CO., Ind. & WILLIAMS CO., Oh - An Avilla woman died in a two car collision in Noble County.


Avilla woman killed in two-car crash

An Avilla woman was killed Tuesday afternoon in a two-car crash in eastern Noble County.


IPFW students to study in Asia

Two students from Indiana University-Purdue University Fort Wayne have been awarded scholarships to study in China and Japan during the 2008-09 school year.


Officers arrest 18 over weekend

Grant M. Gerard, 26, of Fort Wayne, was arrested by Butler Police at 10:58 p.m. Friday and charged with operating while intoxicated, a Class A misdemeanor, and operating while intoxicated with an unlawful ...


Police Blotter - DeKalb

Twenty people were incarcerated in the DeKalb County Jail over the weekend, according to jail reports.


Indiana 8 crash injures 4

An Indiana 8 crash just east of Auburn on Wednesday evening sent four people to the hospital, one in critical condition.


Allegedly Drunk Truck Driver Causes Major Wreck in DeKalb County

A portion of State Road 8 just east of Auburn was closed for several hours Wednesday night as police worked to clear a three-vehicle crash caused by a truck driver who was allegedly drunk with a blood-alchol ...


Area Democrats pick 2 hopefuls for House

Northeast Indiana Democrats met in two Sunday caucuses to nominate area men for ballot vacancies in area Indiana House districts.


Memories of singing cowboys attract crowd to Autry Days

John Buttram was just 6 years old when he first met Gene Autry. It was at a rodeo, and Buttram didn't think much of it.


Festivals and Events in Noble County, Indiana

A calendar of local festivals and events is available at the Visit Noble County website: http://www.visitnoblecounty.com/calendar.html

For more information regarding Noble County, contact the Visitors Bureau at 1-877-202-5761

When visiting Noble County, stop by the Visitors Center located in the little log cabin on U.S. Rt. 6 just west of Kendallville! You'll find brochures, maps, festival & event lists, lake info....and more! Brochure boxes on the covered front porch are stocked with information and available 24/7.


Tiffanie Knox-Harris and her husband Jonathan who saved her life

The community is coming together to help an Avilla woman who's lucky to be alive after her husband found her unconscious in a ditch.


Lutheran launches state's first hospital milk depot

The donated milk is used to feed premature babies when their mother's milk is not an option.


Gaslight Playhouse Theater presents "The Wiz"

Gaslight Playhouse Theater in Kendallville is currently in rehearsals for it's summer production of "The Wiz"! Performances will be in Floral Hall on the Noble County Fairgrounds, Kendallville. Tickets will go on sale June 9th.

Based on -- and updated from -- the original Broadway musical (as opposed to the 1978 movie starring Diana Ross and Michael Jackson), this family-friendly production will showcase many talented, area residents (from high school students to middle-aged adults).

DON'T MISS IT! (Click on the TITLE LINK above for additional info!)

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Adult Singers Needed for New Community Choir!!

Posted in the Avilla Forum:

Avilla, Kendallville, LaOtto, Albion and Garrett adult residents are sought to join in forming a new area community choir! Interested individuals should contact: LilyNBlue at Yahoo.com ...


Noble County man wins $100,000

David DeBolt of Wolcottville claimed $100,000 Tuesday for a Giant Jumbo Bucks Scratch-off ticket. DeBolt purchased his ticket from Lassus Bros. at 245 N. Main St. in Avilla, according to a written statement from the Hoosier Lottery.


Are you ready to VOTE on Tuesday?

Are you registered to vote? Do you need to know exactly where your polling place is (and, perhaps, how to get there)? Do you want additional information about the registered candidates?

Get all that information HERE:

Indiana Statewide Voter Registration System


Promising Playwrights Project 2008: Open to Indiana Students

Gaslight Playhouse Theater in Kendallville, Indiana, is seeking one-act plays written by Indiana students -- to be produced in their 2009 season. Entry deadline is July 1st, 2008. Winner(s) will receive a cash prize, copyright with U.S. Library of Congress(paid for), and proof of production that many publishers require.

SEE WEBSITE for all details:

Promising Playwrights Project 2008


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