Demotte, 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
| Demotte, Indiana News |
The Salvation Army wants you
A little sunshine warmed the smiles of father and daughter, Bill and Stephanie Wakeland, as they volunteered their time to jingle the bells for the Salvation Army.
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Indiana poverty rate soars as manufacturing jobs cut
A new report from a housing and homeless advocacy group shows poverty increasing at an alarming rate in Indiana while earnings for middle-income families continue to slip.
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DeMotte police arrest man in attempted rape case
DeMotte Police had put all other cases aside since the 911 call regarding an attempted rape of Kristina L. Carlson-Burke on Nov.
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Scouts' tree fundraiser hopes to bring in green
A Scouting tradition spanning nearly five decades in Zionsville will have families again this year trimming the Christmas tree for a good cause.
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Commuter fights off gunman with umbrella
A woman armed with an umbrella successfully fought off a gunman who attempted to steal her purse after she got off the South Shore train at the Gary Metro Station Thursday night.
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Jasper County Jail Log:
Christopher T. Bailey, 30, Remington, public intoxication. Julian M. Jones, 47, DeMotte, driving while intoxicated.
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Pups strut their stuff
Smiling and giggling, 3-year-old Cassie Dziadon and her 2-year-old sister, Ally, lay in the grass pretending to be puppies getting their tummies rubbed.
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Property taxes mailed
Property taxes for both the spring and the fall installments have been mailed for the 2007 pay 2008 tax year and county officials are working on the 2008 pay 2009 taxes.
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Police believe Bell involved in hit and run
A Rensselaer woman, who was recently involved in an accident near DeMotte last week, is suspected of causing a second accident and then leaving the scene on Monday.
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I-65 nation's first biofuel corridor
Interstate 65 is America's first biofuels corridor following the conclusion of a project to make E85 ethanol and B20 biodiesel available along the entire length of the interstate from Gary to Mobile, Ala.
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Pop Warner Rensselaer association coordinator arrested for dealing drugs
The Rensselaer Pop Warner association coordinator has been arrested for dealing a controlled substance drug and five other counts, according to court documents.
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Drug transaction debt produces sour ending
Money owed for an alleged drug transaction caused two male subject to be involved in a physical altercation and a vehicle accident, leading to the arrest of a Lake Village man Monday, said police.
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JCPL participates in a Books to bridge the regiona seven county reading initiative
Rensselaer Library Agency Librarian, Linda Poortenga, and DeMotte Library Agency Librarian, Brenda Thompson stuff Treasure Bags for the Books to Bridge the Region Reading Event during October.
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October 5 - 11, National 4-H Week
October 5th through the 11th is National 4-H Week. My Name is Alice Santell. I am a freshman at Kankakee Valley High School, and one of my favorite extra-curricular activities is 4-H. I have been in 4-H for ...
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Reward posted for identification of semi
A reward is being offered for information leading to the identification of the truck driver or the semi that is suspected of driving a motorcycle off the highway.
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Jaws of Life saves Kankakee Valley cheerleader
Those who do not believe in guardian angels should ask the parents of Stefani Giebudowski and Trisha Poisel what they think.
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Foundation ushers in new season
Fall is approaching and so is the Season of Giving Gala. An evening of celebration and commemoration of the accomplishments of the Jasper Foundation and the Newton County Community Foundation is quickly ...
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Little change with new distribution report
Officials from the Indiana Department of Local Government Finance has revised the Public Safety Local Income Tax distribution report for Jasper County and the corrected version was sent to officials recently.
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Theft carries felony charges
Two DeMotte men were arrested after they were caught with two highway signs in the back of the vehicle they were traveling in on Saturday, according to police.
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Photo
Customers would need wading boots to visit Bob's Hairport in DeMotte, located off U.S. 231 at the curve heading into downtown.
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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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