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Milltown, 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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Milltown, Indiana News
Bloomington's Simpson Seen As Favorite To Replace Richard Young

The Indiana State Senate Minority Leader is stepping down. Milltown Democrat Richard Young says he will not seek re-election for the position he has held for the past 12 years.


Harrison County Coroner

One office up for election this year is that of county coroner. Below are profiles on the two candidates, Democrat Rusty Sizemore and Republican Ray E. Saylor.


Storm update

UPDATE, Wednesday, Sept. 17, 3:30 p.m. - Harrison County EMA Director Greg Reas is still asking county residents to call in their residential damage to Harrison County dispatch at 738-2195, then hit option 1 ...


Ike's fury far-reaching

Fierce winds, remnants of Hurricane Ike combined with an approaching cold front, blasted Southern Indiana Sunday, damaging homes and buildings, downing power lines and trees, and leaving thousands without ...


Ramsey Water lifts conservation request

UPDATE: Wednesday, Sept. 17, at 2 p.m. - Ramsey Water Co. lifts its conservation request.


Milltown woman killed in windstorm

A Crawford County woman died Sunday from head injuries after she was struck by a fallen tree outside her family's home in Milltown.


Wind storm cripples area

Fierce winds, remnants of Hurricane Ike combined with an approaching cold front, blasted Southern Indiana yesterday , damaging homes and buildings, downing power lines and trees, and leaving thousands without ...


Charlotte Journal

C7 Weather Meeting will address flooding ST. ANDREWS - After many homes and basements were flooded on Sunday morning when a storm passed through the seaside town, Mayor John Craig said he is planning a public ...


Oxley In Denver To Support Obama

The state representative who hopes to become Indiana's next Lieutenant Governor is taking time from his campaign this week to attend the Democratic National Convention in Denver.


Sewer district, mobile home park near agreement

The Harrison County Regional Sewer District is working on a deal with SSK Communities, owner of the Berkshire Pointe mobile home park in New Salisbury, to make up for the excess flow charge SSK Communities owes ...


Five arrested in major drug bust

Acting on an anonymous tip, the Crawford County Sheriff's Dept. arrested five adults on the early morning of July 2 after drugs were found at a residence off Richardson Lane near Milltown.


'Pillowcase bandits' now catching some zzz's in jail

A police chase involving law enforcement officers in Indiana and Kentucky ended with a three-hour manhunt that resulted in a pair of arrests.


Be ready during tornado season

In Southern Indiana, spring is the time of the year that the weather turns warmer and outdoor activities increase.


Body Found In Crawford County

State police and Crawford County Sheriff's officials found the remains of a human body near the Crawford County town of Milltown Monday. via WBIW-AM Bedford


Harrison coroner's race is crowded

"I guess people just want to give back to the community."

Ray Saylor worked for Harrison County Coroner Stephen Hamm for several months after Hamm took office in early 2005. via The Courier-Journal


Primary Election next week

As if anyone could forget, the May Primary Election is Tuesday. The ballot includes school board members, county officials, state races, all the way up to President of the United States. via The Corydon Democrat


Human remains discovered near Milltown, IN

Authorities have discovered human remains in Crawford County, Indiana. The remains were discovered near Milltown, Indiana. via WDRB-TV Louisville


Higher cleanup standards preferred

As the president of Chapin Engineering, I have been acting as a technical adviser to the Milltowners for $ensible Redevelopment and Edison Wetlands Association since May 2005 on the proposed redevelopment of ... via Home News Tribune


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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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