La Porte, 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
| La Porte, Indiana News |
La Porte County schools delayed due to heavy snowfall
The day got off to a slow start in La Porte County, thanks to heavy periods of lake effect snow.
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I-94 reopened in Indiana but snow warnings remain
A 12-mile stretch of Interstate 94 in Northwest Indiana that was closed early Tuesday due to thick ice on the roadway has been reopened, but a snow warning continues for several areas of northwest Indiana.
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Michigan City man admits to stealing catalytic converters for heroin money
A 38-year-old Michigan City man has admitted to stealing more than one thousand catalytic converters to help feed a heroin addiction.
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Saving Bus Service in Northwest Indiana
Money troubles may threaten public bus services in Northwest Indiana. The cities of Gary, Hammond and East Chicago all currently operate their own bus service.
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Walkerton hopes to bring businesses back
It's been a rough couple of months for the small town of Walkerton. First, they lost their only grocery store last month.
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La Porte County teen on the run with money and guns
The La Porte County Sheriff's Department is looking for a 14-year-old teen that's on the run -- apparently after driving off in a car, stealing money, a shot gun and a small rifle.
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Scenes from Grant Park
Trail Times CHICAGO - That is Patrick Kennedy of La Porte, Indiana. I saw him twice in Grant Park, and both times he had tears streaming down his face.
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'Skin and bones' puppy left locked in closet after eviction
Charges are being pursued against a LaPorte man in connection with an abandoned puppy that was practically nothing more than skin and bones.
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Family Of Obama Supporters Beseiged By Vandals
Oct 31, 2008 6:24 pm US/Central Reporting Suzanne Le Mignot La Porte, Ind. Members of a Northwest Indiana family are outraged that vandals have repeatedly defaced the pro-Barack Obama signs in their yard.
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LaPorte Sheriff is looking for bank robbers
La Porte County investigators are asking for your help catching two suspects from an armed robbery yesterday morning.
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Professionals on the move
Dale Clapp is the new executive vice president - business banking at Citizens Financial Bank.
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Professionals on the move
Derek Morgan has joined Keller Williams in Schererville as a broker associate and leader of the Derek Morgan Team, which specializes in luxury homes.
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LaPorte hospital ER gets redesign
La Porte Hospital is redesigning parts of its emergency room in a $12,000 project.
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Michigan City couple charged in four-year-old's death
A La Porte county couple is behind bars charged with a horrifying crime. Melissa and Scott Bruce have been arrested on neglect charges and are being held in the La Porte County Jail on $100,000 bond.
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Pot Plants Dumped at Indiana Landscpe Company
Becky Whitacre of La Porte, Ind., can't figure out why someone would dump on her property 100 to 200 fully grown marijuana plants.
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Indiana man jailed in weekend bank robbery
An Indiana man is being held in a north Alabama jail for bank robbery. Moulton Police Chief Lyndon McWhorter said a tip from a motel clerk led to Sunday's capture of 29-year-old Mark A. Smith of La Porte, Ind.
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Minister's grandson admits molesting 2 boys
LA PORTE, Ind. - A man has pleaded guilty to child molestation for alleged sexual activity with two boys, including sex acts that took place at his grandfather's church.
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Connie Trojanowski of La Porte, Ind., drives a team of Belgian horses at last year's Britt Draft Horse Show.
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Fire departments struggle to find volunteers
While most fire departments would love to pay their fire-fighters, most of the time, it's not a possibility.
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Smart Cup Holder Stays Put While Underway
Specializing in innovative solutions to everyday problems, MarineEast introduces the state-of-the-art Impact Cup Holder with Drain.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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