Yorktown, 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
| Yorktown, Indiana News |
Worries About Bond Market to Delay Start of Yorktown Construction
Superintendent Robert Smith has proposed delaying the start of the final phase of Yorktown High School's reconstruction, citing concerns about the county government's ability to sell bonds in support of the ...
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Town Council annexes four properties into Yorktown
YORKTOWN -- Yorktown grew Monday night by nearly 80 acres and 65 or so homes. Yorktown Town Council on Nov.
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Police take aim (again) at getting shooting range
Yorktown police plan to ask the Yorktown Town Council again for a shooting range, possibly at its December meeting.
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Gift poised to keep on giving to Yorktown
YORKTOWN -- Howard Gregory's $10,000 legacy, the Yorktown Town Endowment, is in the news again nearly a decade after the former owner of the former Yorktown Tool & Die established the fund.
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Yorktown Police Log
WEDNESDAY, NOV. 5 12:15 a.m. -- Nebo Road and Kettner Road, assisted motorist.
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Kristina Reed makes wreaths at Millbrook Tree Farm. Tammy Hunt / The Yorktown Press
Branch Ranch Christmas Tree Farm and Millbrook Tree Farm aren't so far apart as the crow flies, but there is a big difference down on the ground.
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Muncie-Delaware County Chamber honors local people, firms
MUNCIE -- The Muncie-Delaware County Chamber of Commerce had its annual meeting Tuesday evening at the Horizon Convention Center, reviewing the past year in economic development and honoring local businesses ...
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Yorktown High School The Imaginary Invalid
The classical style of Moliere met the rambunctious and energetic expression of Commedia dell' Arte in an explosion of theatrical creativity at Yorktown High School this weekend in their production of The ...
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Mom leaves baby at home to steal car
YORKTOWN -- A Yorktown mother left her 5-month old baby home alone while she stole a car, according to police.
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Police continue probe of threat that prompted Yorktown High evacuation
Police today continue to investigate a threat found written on a wall that prompted evacuation of Yorktown High School for about an hour yesterday.
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Heritage Hall gets back to business after fire
MUNCIE -- Two months ago, members of Grace Baptist Church praised firefighters, police officers and emergency services personnel at a special 911 worship service.
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Yorktown Police Log
MONDAY, OCT. 27 9 a.m. -- Suspect picked up and questioned in a theft case; later transferred to Delaware County jail.
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Locals surprised by allegation of arson in Heritage Hall fire
MUNCIE -- Deborah Daughtery was shocked when hearing her son's pre-school at Heritage Hall Christian School caught fire early Saturday morning.
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I-69 (Exit 34): Five questions with a businessman
Mike Hiatt, 65, of Yorktown, is the owner of Racer's Edge at 15119 W. Commerce Road, Daleville.
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School notes
YORKTOWN -- The Yorktown Middle and High school bands are selling citrus fruit through Friday.
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Christian school destroyed in fire
A fast-moving fire burned down a pre-school Saturday morning in Delaware County.
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ATF called to scene of church fire
MUNCIE - Agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives and the state fire marshal's office are on the scene of last night's fire at Heritage Hall Christian School, 6401 W. River Road.
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Yorktown Stars
Five 2008 graduates of Yorktown High School earned AP Scholar Awards in recognition of their exceptional achievement on AP Exams.
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Buildings begin to fall along Ind. 32 east of Yorktown
YORKTOWN -- The state built some new sidewalks along the west end of Ind. 32 and rebuilt aged sidewalks downtown as it remade the highway through the heart of Yorktown.
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Yorktown fall play set for this weekend
YORKTOWN -- The Yorktown High School Drama Club will perform its fall play, Hoodwinked & Hoodooed, Friday and Saturday, Nov.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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