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Morgantown, 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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Morgantown, Indiana News
Smith named clerk-treasurer

The Morgantown Town Council appointed former town employee Paula Smith as the town's new clerk-treasurer Wednesday during a special meeting at the Morgantown Fire Station.


Police release sketch in Brown Co. killing

Indiana State Police have released a sketch of suspect in the killing of an elderly Brown County man who was shot along with his wife when their home was invaded last weekend.


Home invasion killing keeps neighbors on edge

That's the state of residents in northwestern Brown County in the aftermath of a weekend forced entry at a home on Lick Creek Road that left 84-year-old Richard "Dude" Voland shot to death and his 77-year-old ...


Son wants answers in parents' brutal attack

One person was shot dead and a second was cut across the throat: Police are calling it a brutal attack against a couple in Brown County.


Elderly couple shot in home in Brown Co. - Indianapolis Star

Elderly couple shot in home in Brown Co. Indianapolis Star, United States - 29 minutes ago By Francesca Jarosz MORGANTOWN -- An elderly couple remained hospitalized Sunday after being shot and seriously injured ...


Elderly Couple Shot In Home Invasion

An elderly couple was shot in their Brown County home early Saturday, state police said.


Local soldiers to return home

One hundred soldiers from the 76th Infantry Brigade Combat Team, including four soldiers from Morgan County, will return to Indiana at approximately 2 p.m. Tuesday.


Deaths in Morgan County for week of Oct. 18

The deaths in Morgan County for the week ending Oct. 18, 2008, include: Early B. McKinney, 62, Morgantown; Jewell I. Hill, 87, Martinsville; Charley A. Martin, 81, Martinsville; Carroll G. Ramsey, 96, Camby; ...


Indian Creek middle schoolers draw up plans to give peace a chance

The late singer John Lennon wanted people to "Give Peace a Chance." That's a goal the Lions Club International shares, and a message the Morgantown Lions wanted to share by sponsoring a peace poster contest at ...


Morgantown man one of three arrested in Brown County marijuana raid

Three men were arrested and a fourth man was being sought after a raid near Bean blossom in Brown County.


Area briefs -- Sept. 27, 2008

The Morgan County Master Gardener Association's members meeting is 6:30 p.m. Thursday at the Bloomington Valley Nursery, 5230 S. Old State Road 37, Bloomington.


Fire damages Jackson Township home

It took 18 firefighters from four fire departments to extinguish a house fire Friday morning on Conservation Club Road.


Morgantown Fire Department has fish fry

The Morgantown Fire Department will hold a fish from from 11 a.m. to ? on Saturday, Sept.


Morgantown man seeks funding in fight for life

A Morgantown family is seeking funding to offset the medical costs for Jackie Pryor, 22, who was hospitalized and is in critical condition after accidentally discharging a handgun he was cleaning.


Hospital remembers former trustee at 4-H auction

Morgan Hospital and Medical Center has a long tradition of supporting the local 4-H program at the Morgan County Fair's annual livestock auction.


Juvenile, adult charged in vehicle, home break-ins

A 17-year-old Morgantown boy has been waived into adult court to be tried for the attempted burglary of a dwelling, attempted theft, four counts of theft and five counts of criminal mischief.


Securing safety at the fair:

Although providing security for the Morgan County Fair is typically a calm job, police officers work through the night to ensure fair patrons enjoy that peaceful atmosphere.


EMT Class to be offered at Morgantown FD

Emergency Services Education Center of Wayne Township in Indianapolis is offering an EMT basic class at the Morgantown Fire Department, 289 Highland St., in Morgantown.


Pets take on their owners' personas in Mini Pet Parade

Not many people knew that Jenny Balzer of Paragon was playing the Chicken Grand Marshal of the Mini Pet Parade Sunday.


Pets take on their owners' personas in Mini Pet Parade

Not many people knew that Jenny Balzer of Paragon was playing the Chicken Grand Marshal of the Mini Pet Parade Sunday.


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