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Daleville, 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.

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Daleville, Indiana News
Larry Riley: Next trial might be harder

Convicting Tony French of conspiring to murder his wife in 1993, as Delaware County prosecutors did last week, may prove easier than convicting the man charged with actually firing the shots that killed the ...


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MONDAY, NOV. 17 11 a.m. -- Assist Delaware County Police with a vehicular escort through town.


Tiny Miracle: Baby thriving after fire claimed her family in April

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Business profile: Daleville Furniture Outlet

DALEVILLE -- The Daleville Furniture Outlet has been open more than a decade, and manager Joni L. Miller has been there from the beginning.


Daleville Elementary working on holiday musical

Daleville Elementary School students in grades K-4 will present the musical Forty Winks 'til Christmas on Monday, Dec.


Prep Results: Daily high school sports news

Kelly Brown scored 18 points and grabbed 14 rebounds to power Daleville past Indiana School of the Deaf 41-32. Kristen Waechter and Shelby Spencer each added eight points for the Broncos.


Taste some Hoosier culinary favorites Saturday at expo

Sample some kobe beef from the Joseph Decuis restaurant in Roanoke. Or a pulled pork barbecue sandwich from Orebaugh's Grand Grilling To Go in Muncie.


Noblesville man's arrest leads to lawsuit against city

A Noblesville man who claims he was arrested as a result of a mistakenly issued warrant has filed a lawsuit against the city of Muncie.


Our view: Cowan, Daleville lead with collaboration efforts

In any given circumstance, there are leaders and followers. Some individuals, businesses and organizations are always out front, experimenting, innovating and frequently blazing a trail for others to follow.


Tree farms put down roots in Yorktown, Daleville

Branch Ranch Christmas Tree Farm and Millbrook Tree Farm aren't so far apart as the crow flies, but there is a big difference down on the ground.


Daleville skate park scrapped

Built by Daleville police officers and volunteers in July 2006, a skate park outside the Daleville Town Hall is now only a bare cement slab.


Muncie-Delaware County Chamber honors local people, firms

The Muncie-Delaware County Chamber of Commerce had its annual meeting Tuesday evening at the Horizon Convention Center, reviewing the past year in economic development and honoring local businesses and ...


UPDATED: Jury selection continues in French murder trial

MUNCIE - Jury selection moved slowly Monday as more than 60 prospective jurors showed up in Delaware Circuit Court 3 on the first day of the trial of Anthony French, charged with murder and conspiracy to commit ...


Veterans Day ceremony becoming a tradition

Most of the three dozen honorees on Tuesday, Nov. 11, at Daleville Junior-Senior High School were military veterans, including more than a dozen who served in World War II.


: Greeting and photo from Justin Schneider

The Herald Bulletin Good morning. It's 6:45 a.m. Monday and the staff at The Herald Bulletin is getting down to work.


Daleville Council cries fowl over chickens

Ongoing now for more than a year, a family's resolve to raise 4-H animals at their home along Daleville Road next to the volunteer fire station is still a subject at Daleville Town Council meetings.


Accident in Chesterfield prompts Daleville boil order

Bad timing -- a water main break in Chesterfield while Daleville was cleaning its town water tower -- resulted in a water service disruption and boil order that lasted several days.


I-69 (Exit 34): Five questions with a businessman

Mike Hiatt, 65, of Yorktown, is the owner of Racer's Edge at 15119 W. Commerce Road, Daleville.


I-69 (Exit 34): Exit 34 causes growth for Daleville

THB photo/John P. Cleary 09/10/08 NEWS Aerial view of I 69 and exit 34. This view is looking west along SR 67 at Daleville toward I 69.


Profile: Dan Thornburg

Dan Thornburg worked at Delco Battery after graduating from high school. 'It was 1952, and they were grabbing people off the streets -- offering us good-paying jobs working as many hours as we wanted,' said ...


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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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