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Lake Cicott, 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
| Lake Cicott, Indiana News |
Driver recovering from crash injuries
Deb Duvall is recovering at home 21 days after two Mack trucks hit the Twin Lakes school bus she was driving and killed the four student passengers.
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Bus crash kills four students
Indiana State Police responded to a three-vehicle crash on U.S. 24 east of County Road 800 West Friday afternoon that killed four elementary school children.
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Regional News, Monday 9/29
Indiana-Summary --- School Bus Accident Kills Four -- An accident Friday afternoon in Lake Cicott involving a school bus, two dump trucks and a moped has left four students dead.
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School bus crash investigation continues
The skid marks on the pavement are the only remaining indicators of the horrific accident that occurred on U.S. 24 east of Lake Cicott Friday afternoon.
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Bus Crash Kills Four Students
Indiana State Police have confirmed that four students have been killed in a crash involving a school bus, moped, and two dump trucks.
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New Now: School bus crash claims four lives
Four passengers on a school bus died as a result of an accident that occurred just before 3 p.m. on U.S. 24 east of Lake Cicott.
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Police blotter
Friday 5:47 a.m. - Arrest. Rebecca Lynn Titus, 50, Logansport, was arrested on a charge of public intoxication.
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New Now: Prosecutor hands off shooting investigation
State representative's son reportedly 'person of interest' Cass County Prosecutor Kevin Enyeart has asked for a special prosecutor to handle a shooting investigation involving the son of a longtime state ...
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Volunteer firefighters have civic double duty
As I sat at Bob Evans Saturday, I watched as restaurant employees and volunteers prepared for an afternoon fundraiser benefiting the Georgetown Volunteer Fire Department.
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Accused molester facing 17 counts
A Lake Cicott man accused of molesting three young girls appeared in court Tuesday morning to answer multiple felony counts of child molest.
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Food drive set for Saturday
The 16th annual letter carrier food drive is Saturday. In 2007, the drive collected 70,745,176 pounds of food for the needy from postal customers nationwide, which brought the total for the first 15 years to ... via Pharos-Tribune
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Selling homes
"I can show any property no matter who has it listed" For Barb Drye, working in an office with several other people doing the same job sometimes means competition. via Pharos-Tribune
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Heroin dealer gets 8 years
"The officers and I are pleased with the outcome of the case" A Wabash man caught driving a shipment of heroin through Cass County last year will be going to prison. via Pharos-Tribune
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Man charged in two rapes gets six years
"So both victims were very happy with the plea agreement." A man accused in two rapes pleaded guilty to reduced charges on Monday. Twenty-six-year-old Oscar Salinas Solano had been facing four class B felony counts, two for rape and two for criminal confinement. via Pharos-Tribune
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Burglar gets six years
"If he refuses to pay or if he commits another offense, he'll go back for two more years in addition to whatever he gets on his new case" An Indianapolis man will be going back to prison after his conviction in three Logansport burglaries. via Pharos-Tribune
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Gun charge sends man to prison
"I believe the plea agreement is a huge advantage to the defendant" A Walton man who had been convicted of shooting someone will be going back to prison after getting caught with a gun. via Pharos-Tribune
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Howard tax bills delayed
"We will try to mail the tax bills out as early as possible" Property owners in Howard County will not be expected to meet the May 10 deadline for property tax payments. via Kokomo Tribune
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State Police say: Give emergency workers room to work
"Move Over, Slow Down. Give us room to work." The Indiana State Police would like to remind drivers that Indiana law requires motorists to exercise caution when approaching an emergency vehicle that is stopped on the roadside with emergency lights ... via WANE-TV Fort Wayne
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Court affirms molester's convictions
"I'm relieved and satisfied with the court's decision" The 67-year sentence of a Logansport man convicted of multiple counts of child molesting has been upheld. via Pharos-Tribune
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Area schools see mixed results in rankings
"We know we are making progress - actually more progress than is reflected in the AYP or PL221 results." Data released Wednesday showed that more than 20 percent of Indiana's public schools improved their standing in the state's five-tier ranking system last year. via Pharos-Tribune
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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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