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Divorce Buyouts
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Memphis, 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
| Memphis, Indiana News |
On the Move
New post: Executive director of the Wellness Community of Central Indiana. Previous position: Interim executive director of the YWCA of Indianapolis.
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Fall Tour festivities
Fall Tour festivities Top, Marsha Byers buffs her hard-to-miss 1941 Chevrolet coupe shortly after noon Sunday as the 19th annual Street Rod, Antique and Classic Car Show got under way in Bristow.
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New Albany church steeples damaged
The steeple on the 155-year-old St. Mary's Catholic Church in New Albany was seriously damaged during Sunday's windstorm, and contractors yesterday began removing sections of it for restoration.
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Two storm-related deaths in Clark County
Two people died in Clark County in separate tree accidents as a result of yesterday's storm.
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10-year-old boy, 2 Indiana residents killed
To help earn his allowance, 10-year-old Frederick Wiche Fairfax Wilson would faithfully cut the grass on the family farm in Shelby County, according to his aunt, Jeneen Wiche.
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First Look: Area Deaths - September 15, 2008
This list is intended only as a basic list of names and information to provide an early alert to friends and well wishers.
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: Wind storm update - two deaths
Hurricane-force winds which swept through Southern Indiana on Sunday left two people dead in Clark County.
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Q and A: Impersonator helping people remember the young Elvis
Robert Shaw has donned a lavish jumpsuit. He's played in front of thousands of screaming fans.
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LETTERS: Aug. 5, 2008
Parent offers kudos to Henryville program As the first day of school quickly approaches we wanted to take the opportunity to thank the kindergarten teachers at Henryville Elementary for Camp Kindergarten.
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Poultry Show offers a different view of feathered friends
John Abbott takes care of 90 chickens on his parents' Memphis farm. And Abbott is so comfortable with them - and they him - that one of his chickens rides around perched on his shoulder while he works.
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UT beats Memphis again, this time for prized recruit
The Tennessee and Memphis men's basketball teams went head to head earlier this year and the Vols won.
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U of M prospect announces decision to be a Vol
Rant, rave or just enjoy the discussion of your most passionate interests. We've got your blog.>> Breaking News Web Search powered by YAHOO! Breaking News U of M prospect announces decision to be a Vol ...
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11 vie for 2008 Miss Clark County title
Eleven young women will be competing for the title of Miss Clark County this year.
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Slippery roads lead to several accidents; no serious injuries
Area police stayed busy Tuesday morning, as heavy rain and storms hit during morning rush-hour traffic.
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Memphis, Ind., meth lab dismantled
A Memphis couple is in custody for suspicion of manufacturing methamphetamine, police say. via The News and 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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"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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