Cannelburg, IN Divorce Buyout in Indiana
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 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
| Cannelburg, Indiana News |
Swartzs celebrate 25th anniversary
Dave and Rhoda Swartz celebrated their 25th wedding anniversary Sept. 10. Dave Swartz and Rhoda Wagler were united in marriage Sept.
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Driver sentenced to 13 years for personal injury accident
Michael Andrew Schultheis, 33, Cannelburg, was sentenced to 13 years in the Department of Corrections on Sept.
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Annual quilt auction expected to draw crowd
Every year on Labor Day weekend carloads of quilt fans from as far away as St. Louis, Chicago and beyond find their way to Daviess County, Ind., home to hundreds of Amish and Mennonite families.
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Prisoner feels pain of loss
Justin Blake has been sitting in jail this summer running hundreds of scenarios through his mind about how his life could have gone so wrong.
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Swartzentruber sentenced
In the end, forgiveness was not enough for Cameron Swartzentruber. Swartzentruber, 25, Odon, was sentenced in Daviess Superior Court Wednesday to 10 years for the drunk driving accident that left mother of ...
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Cost of buggy license to increase in Daviess County
Daviess County Commissioners increased the cost of buggy licenses at their Monday meeting and agreed to put a new septic system at the Lighthouse Recovery Center, with the stipulation that the center take over ...
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Boy fatally hurt after testing positive for meth
Jalen Blake, 2, who died June 28, is the latest child to die while under the oversight of the Indiana Department of Child Services, an agency that one critic charges needs more oversight.
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Road expansion to acommodate buggies
Buggies and cars dance daily along the Odon Cannelburg Road in Eastern Daviess County.
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Coal bucket, small car collide - UPDATED 9 p.m.
One person is dead and another jailed on drug charges following a crash Tuesday afternoon.
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Coal Truck Driver Charged In Fatal Accident
A coal truck driver faces drunk driving charges after police say he caused a fatal accident in Daviess County, IN.
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Coal bucket, small car collide
A collision between a small car and a coal bucket caused a serious accident Tuesday afternoon, according to preliminary reports.
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Hart, Sargeant to wed
John Pat and Debra Hart of Cannelburg announce the upcoming marriage of their daughter, Alisa Ann Hart, to Stephen James Sargeant, son of Barry and Carole Sargeant of Washington.
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Wagler, Lengacher wed
Danielle Lynn Lengacher, daughter of Wendell and Juanita Lengacher of Loogootee, and Jeffrey Lee Wagler, son of Ervin and Mary Wagler of Plainville, were united in marriage July 7, 2007. via Washington Times-Herald
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Amish woman seriously injured
An Amish woman was seriously injured Tuesday evening in a farming accident. Sheriff's deputies were called to the Wilmer Raber farm, 3258N CR 650E, at 5:34 p.m. Raber was driving a team of horses planting a ... via Washington Times-Herald
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Public's help sought to improve CR 900E
"We're pursuing all avenues to try and avoid what's going to be a very dangerous situation (when Interstate 69 is built)" The Daviess County Economic Development Corporation is asking Daviess County residents to write letters of support for a proposed federal earmark for improvements to the Odon-Cannelburg Road . via Washington Times-Herald
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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