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Flora, 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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Flora, Indiana News
Free Camden dinner raises money

A Carroll County restaurant opened its doors to customers today in hopes of raising enough money to help feed families in need for Christmas.


Flora holds annual Christmas Parade

Residents and even people from surrounding communities bundled up in 30 degree weather to watch the annual Christmas Parade.


Shirley Ann (Gabby) McBride-Durnal, 70

MUNCIE - Shirley Ann McBride-Durnal, 70, went home to be with her Lord on Tuesday, November 11, 2008 after a valiant battle with cancer.


Jockstrip: The world as we know it.

Police have arrested a Florida man for trying to steal bags of frozen shrimp by stuffing them into his pants.


Farm yields bones thousands of years old

FLORA, Ind. -- Amos Flora leans back in his simple chair, rubs his chin with his 84-year-old fingers and ponders a question that has troubled him for nearly 40 years.


Educational experience

After everyone was seated in the gym, Jose Valencia greeted the large group. "How are you today?" he asked.


Police reports - Wednesday, Oct. 1, 2008

Howard County arrests Monday, 11:01 a.m., police arrested a 16-year-old male in the 1500 block of Zartman Road, on charges of resisting law enforcement and truancy.


Police blotter

Friday 8:55 a.m. - Arrest. Douglas Dale Welch, 36, Flora, was arrested on a charge of probation violation.


Brookston braces for 200,000

George Wallace, who was once a staunch segregationist, has died. Wallace ran for president twice and was permanently crippled by a would-be assassin's bullet.


Calihua pleads not guilty in shooting

Alfredo Ponzo Calihua, 27, of 10167 Tompkinsville Road, has pleaded not guilty to one charge of assault, first degree and five counts of wanton endangerment, first degree.


ATV crash sends three to hospital

Three Carroll County residents ended up hospitalized after an ATV accident just south of Flora on Saturday night.


A grand edifice in Delphi's downtown

In 1858, the south side of the square in Delphi was considerably enhanced by the construction of a grand edifice erected by equally as grand merchants.


Family, friends, community say last goodbyes to Elkhart police officer Video Included

Family, friends and the Elkhart and law enforcement communities said their final farewell to Elkhart Cpl.


Elkhart Police Cpl. Drust's funeral procession begins at 1 p.m. today

Who: Elkhart Police Cpl. Dan Drust died Aug. 3 in a skydiving accident in Flora, Ind.


9 a.m.: Parachute malfunction kills skydiver

FLORA, Ind. - Police say a skydiver died after his parachute malfunctioned during an 11,000-foot jump over central Indiana.


Flora volunteers celebrate milestone

In honor of its 100th birthday, the Flora Volunteer Fire Department dedicated a sign listing names of all its members.


Flora volunteers celebrate milestone

In honor of its 100th birthday, the Flora Volunteer Fire Department dedicated a sign listing names of all its members.


Police blotter

Thursday 2:54 p.m. - Property-damage accident, Market and 14th streets. Vehicles driven by Kane Z. Clamer, 16, Logansport, and Bradley M. Robinson, 23, Flora, collided after Clamer reportedly ran a stop sign.


Oldenburg firemen's Festival here again

After expanding the Oldenburg Firemen's Festival into two days last summer, now firefighters will be frying up a fish supper to kick it off before live music begins, reports co-chair Scott Laker.


Kirkham 50th

Mary Jo and Gary D. Kirkham will be celebrating the 50th anniversary of the wedding with an open house on June 22, 2008 at the Daleville Lions Club, 8520 Edwards Street, from 4:00 7:00pm. . Gary is the son of ...


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