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Farmland, 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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Farmland, Indiana News
Registration under way for after-school art club at Farmland Cultural Center

FARMLAND -- Registration is under way for Historic Farmland USA's after-school art club.

Indiana farmland rents dropping?

Farmland rents in Indiana might be on the decline if Monday's bidding to rent publicly owned farmland is an indicator.

Enjoy holiday fun downtown on Tuesday in Farmland

Historic Farmland USA will present its annual "Holiday Evening" 5-9 p.m. Tuesday in the downtown business district.

Concannon's enjoys sweet taste of success

For Mike Concannon, life -- and business -- is pretty sweet. The owner of Concannon's Pastry Shop is busy, but it's a level of activity that most business owners would envy.

You can still get molodramatic in December

MUNCIE -- Historic Farmland USA, along with Main Street Artists, will present the final performances of Main Street Melodrama, Olde Tyme Dinner Theatre & Musical Revue, at 1 p.m. Nov.

Food basket program

1-5 from 10 a.m. to 2 p.m. each day at St. Joseph Parish Hall, Winchester. Applicants may walk-in or call 584-0789 or 584-8116. Persons assisting with the application process will ask questions concerning your ...

IN: Farmland eyed for biodiesel plant

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Skillman Announces Grants To Downtown Restoration Projects

Lieutenant Governor Becky Skillman has awarded over $121,000 to fund nine Indiana downtown enhancement projects.

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.

Paula Keister selected to join Farmland town council

FARMLAND - Republican Paula Keister on Monday was sworn into office as the newest member of the Farmland Town Board.

Farmland, New Castle each awarded $500,000 grants

Farmland will improve its downtown business buildings while New Castle will upgrade its waste water treatment plant with $1 million in federal grant money.

Farmland receives $500,000

Downtown Revitalization Grant Lt. Governor Becky Skillman announced that 27 rural communities will receive Community Focus Fund grants totaling $11,591,980, including a $500,000 Downtown Revitalization Grant ...

Rodeffer 50th

Donald and Carolyn Rodeffer will celebrate their 50th anniversary with an open house from 1 4 p.m. on Saturday, November 15, at Buckcreek Church of the Brethren .

Historic Farmland gears up for Holiday Evening

FARMLAND -- Historic Farmland USA, an Indiana Main Street organization in Randolph County, will present its annual 'Holiday Evening,' a town-wide celebration of the holiday season, on Tuesday, Dec.

Billie L. Necessary

Billie 'Bill' Lee Necessary, 75, of Farmland, passed away peacefully at his residence Tuesday evening, Nov.

Farmland Council president dies at home

Bill Necessary, president of the Farmland Town Board, died suddenly Tuesday at his home.

Preschoolers' book club starting in county

WINCHESTER - A free book club is being started for all Randolph County preschoolers and their parents.

Artist Guild giving back to family who gives and gives

MUNCIE -- Members of the Muncie Artists Guild are combining their talents and artwork to aid an injured man whose mother is the group's treasurer.

Gaydosh - Bruce Wedding

Anne R. Gaydosh and William Bruce Jr. were married June 28, 2008 at Salt Creek Golf Retreat in Nashville, IN.

Indiana University Business Outlook Forum set for Monday

Area business leaders and guests are invited to attend Indiana University's annual Business Outlook Forum.

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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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