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Monticello, 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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Monticello, Indiana News
Victima s mother may sue

The mother of one of the four Twin Lakes bus crash victims is making preparations to sue those she believes are responsible for her son's death.


Sara Mae Davison of Pittsboro and David Wayne Cosgray of Idaville are planning a Sept.

7-year old dies after being hit by van

A seven-year-old girl died after being hit by a van yesterday in Monticello. Police say she ran into the street.

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Mo-peds are like motorcycles in some ways and very different from them in others.

Ground broken on last leg of Hoosier Heartland

It's official. After 26 years, the final segment of the Hoosier Heartland Corridor is under way.

18-year-old flown from crash scene

An 18-year-old White County resident was airlifted from the scene of a two-vehicle crash Tuesday.

Meth maker lands term of 4 years

White County man pleads guilty to reduced charges A Cass County judge accepted a plea agreement Tuesday morning for a White County man who originally had been charged with manufacturing methamphetamine.

Practice sales seem safe, for now

The nation's worst economic downturn in decades has triggered a credit crisis for many types of lending, but so far it's had little effect on the buying and selling of veterinary practices -- except for some ...

Company recognized for bright idea

What started as an idea to improve lighting and save a little energy in the front office area of the plant turned into an effort that will help the Ball Corporation facility in Monticello save more than one ...

Police reports - Tuesday, Sept. 30, 2008

Howard County Arrests Friday, 10 a.m., deputies arrested Keith A. Gaillard, 37, Monticello, at Howard Circuit Court, on a warrant for a Class D felony charge of non-support of a dependent.

Memorial Service Planned For Bus Crash Victims

Memorial services are planned for the four children killed in a bus crash near Logansport Friday.

Community Gathers, Remembers Bus Accident Victims

Members of Twin Lakes School District gathered for a memorial service for four special-needs children killed in a bus crash on Friday.

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.

Memorial planned for children killed in bus crash

School officials in Monticello are planning a a community service for four special needs students who died in a horrific bus crash.

Emergency responders haunted by bus crash scene

Police, firefighters and medics who responded to a school bus crash that killed four special-needs students will be able to get help dealing with the emotional aftermath Monday.

Fatalities reported in crash of school bus

A collision involving a school bus and a dump truck has killed at least two people at a rural intersection in northern Indiana.

Families try to cope following bus accident

The families of four young victims of a school bus crash in Cass County are still trying to cope with their losses.

Four students killed in Cass County bus crash

Four students died in a crash involving a school bus in Cass County Friday afternoon.

Police: At least 4 dead in Ind. school bus crash

LOGANSPORT, Ind. - School children were among four people who died when a school bus collided with a dump truck at a rural intersection in northern Indiana, police said.

Three People Arrested at Active Meth Lab

Three people were arrested at an active meth lab on CR 900 east just north of CR 800 north in White County.

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