Paragon, 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
| Paragon, Indiana News |
Area briefs a " Nov. 14, 2008
The deaths in Morgan County for the week ending Nov. 8, 2008, include: Russell Bridgeman, 44, Martinsville; Susan McKinley, 51, Martinsville; Ray Wilson, 45, Mooresville; Marlin Knight, 72, Camby; Carl Galyan, ...
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Residents: 'You are a Godsend'
The town of Paragon gave a emotional, collective good-bye to Christian Aid Ministries volunteers Wednesday night with a pitch-in from town residents at the town shelter house in Paragon.
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Martial arts, pumpkins and more entertain county residents Saturday
Nine-month-old Tallon Stafford of Martinsville befriends a pumpkin at the Meadow Lakes Pumpkin Fest Saturday.
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Commissioners adopt new flood ordinance
A new flood hazard area ordinance approved Monday by the Martinsville Plan Commission cites inappropriate activities in flood prone areas as an element in the June 7 and other floods.
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Faye's House
A Paragon Flood Relief endeavor to build a 70-year-old local woman a home is within $4,000 of reaching its goal, and the clock is ticking.
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The season to build
All her life, Marty Britt has had to adapt to the world around her. Saturday, Habitat for Humanity of Morgan County spent its second weekend building a home that will adapt to her.
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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.
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Recovery committee hires staff to run efforts
The Morgan County Long Term Recovery Committee has hired three paid staffers to help handle the ongoing recovery from the June 7 flood.
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My grandpa was quite a man
My grandpa, Joe Brummett, was a large man, about 6 feet 3 inches or so and more than 200 pounds.
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Girl Scouts host recruitment party at YMCA
The Girl Scouts of Tulip Trace Council invite anyone interested in Girl Scouts to come to the YMCA from 4 to 8 p.m. on Sept.
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Area briefs - Sept. 8, 2008
Stierwalt's 4th Annual County Day Festival will be 9 a.m. to 5 p.m. on Sat., Sept.
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Jail bookings
Kurtis Michael Brown, 25, Martinsville, public intoxication. Jesse Dale Carpenter, 37, Paragon, battery.
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Sartor neighbors won't be forced to move
Mobile home owners won't be forced to move their flood-stricken homes away from Sartor Ditch immediately, but over time, future residents must locate far enough away to not impede county workers.
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19-year-old, juveniles charged in burglary
A Martinsville teenager, along with four juveniles, is facing burglary and theft charges over an incident that occurred June 20 at a Martinsville residence.
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Jail bookings
Joshua Earl Arnett, 20, Martinsville, possession of marijuana, possession of paraphernalia, public intoxication and possession of alcohol by a minor.
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Homecoming Festival set to be rip-roaring good time
One of the oldest festivals in Indiana is set to kick off Friday with the opening ceremony at 6:30 p.m. Linda Alexander is set to sing the National Anthem.
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LEPC to meet Aug. 27
The Morgan County Local Emergency Planning Committee will meet Wednesday at 7 p.m. at the Paragon Fire Station, 101 East Union Street in Paragon.
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Drywalling at the Depot
Jesus of Nazareth was, according to the Bible, a trained carpenter, not a drywaller.
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Lawsuit against Paragon fire chief settled out of court
Four men who sued Paragon Fire Chief Danny Dotson over allegations he made against them have settled their case out of court for an undisclosed amount of money.
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Fire guts Lake Edgewood home
For 23 years, Patricia Grider lived at 1890 West Shore Drive. Early Saturday morning, 23 years of her and her family's memories were destroyed by fire.
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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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