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Staunton, 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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Staunton, Indiana News
Organizations to honor veterans Tuesday

With Veterans Day quickly approaching, the community is preparing to honor those that have served the country.


Story: Upcoming events, announcements

The following is a list of upcoming events and announcements provided to The Brazil Times: Homemakers Week Those interested are asked to help the Clay County Extension Homemakers celebrate Indiana Homemakers, ...


Story: Upcoming events, announcements

The following is a list of upcoming events and announcements provided to The Brazil Times: Property tax notice The fall installment of property tax will be due Monday, Nov.


Upcoming events, announcements 10-22

The following is a list of upcoming events and announcements provided to The Brazil Times: Leaf pickup In the upcoming weeks, the City of Brazil will be picking up leaves.


Upcoming events, announcements 10-20

The following is a list of upcoming events and announcements provided to The Brazil Times: Game Night The Clay County Retired Teacher's Association and fellow associates have set up a meeting for 7 p.m., ...


CCSD arrests two for theft

It couldn't have worked better for Clay County Sheriff's Dept. Dep. Brad Hardey Sunday.


Upcoming events, announcements

The following is a list of upcoming events and announcements provided to The Brazil Times: Early voting Early voting is available at the Election Office, located on the second floor of the Clay County ...


Upcoming events, announcements

The following is a list of upcoming events and announcements provided to The Brazil Times: * Share Food signups Share Food signups for October will be from 9-11 a.m., Saturday, at First Christian Church, ...


Man airlifted following two-vehicle collision

First responders check on the condition of a driver following a two-vehicle accident at the intersection of United States 40 and County Road 200 W Monday morning.


Staunton Scene

Sunday School begins at 9:30 a.m., with worship service following at 10:30 a.m. Doug Parkey is the minister.


Accident causes a small power outage

Three homes are without power after the driver of the Ford Ranger lost control and hit an electric pole across from the House of Hope, 5525 West United States 40.


Lindsey Brown and Jeff Walker

Lindsey Brown and Jeff Walker are proud to announce their engagement and upcoming marriage on Saturday, Sept.


Staunton Scene

We were terribly saddened to learn of the passing of Don Newby. He was a wonderful person who will be missed by everyone who knew him.


Staunton Scene

Sunday School begins at 9:30 a.m., with worship service following at 10:30. Doug Parkey is the minister.


Staunton Scene

Sunday School begins at 9:30 a.m.,with worship service following at 10:30. Doug Parkey is the minister.


CPC Baby Photo Contest winner named

Brinley Jo Deakins, daughter of Michael and Carrie Deakins, won the 2008 Crisis Pregnancy Center Baby Photo Contest at the Clay County 4-H Fair.


Relocated family supports school corporation

We have two children, ages 9 and 6, who both just finished a very positive and rewarding year at Staunton Elementary School.


Rednecks bring lawnmower derby to Clay County

Team Brazil Billies will be honoring the United States Army during the event. Self-proclaimed "red neck" team members include George Scott, Max Sanders, Frank Bowles, Sharon Bowles, Derrick Bowles, Brittany ...


Staunton Scene

Sunday school begins at 9:30 a.m., with worship service following at 10:30. Doug Parkey is the minister.


Juveniles arrested following pursuit

Officials with the Brazil City Police Department arrested a teenager and detained another early Tuesday morning following a high-speed pursuit.


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