Barre, MA Divorce Buyout in Massachusetts
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 Massachusetts, 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 MA
| Barre, Massachusetts News |
Court logs
Lee Leblanc, 42, of 215 Brandon Lane, Leominster, charged with assault and battery, released on personal recognizance bail with a Dec.
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3 20-foot flagpoles mark rededication at Lakeside Ave.
The medical van owned by Veterans Hospice Homestead of Fitchburg has the following schedule this week: *Wednesday: Quinsigamond Village Community Center , 16 Greenwood St., Worcester, from 9 to 11:30 a.m. ...
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Casino land lease a waiting game
What's pertinent to a potential Mohegan Sun casino in Palmer today could be very different six months from now.
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Teen's actions challenge urge to forgive
Jeffrey Harnois, the poster boy for bail revocation, apparently hasn't missed a beat since his friend and passenger was killed in July while Mr.
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Judge revokes teen's bail
A judge yesterday revoked the bail of a Barre teenager awaiting trial on charges of motor vehicle homicide and manslaughter after hearing that he had allegedly threatened to dismember a lawyer who is a ...
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Grafton lawyer tops client-reimbursement list
The state Clients' Security Board reimbursed clients bilked by their own lawyers $2,654,000 in fiscal 2008, according to the board.
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Man holds up store in plaza
Police are investigating an armed robbery that occurred at the Quabbin Plaza yesterday afternoon.
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Prop. 2 1/2 Questions Approved & Denied Across MA
Nov 5, 2008 12:30 pm US/Eastern Prop. 2 1/2 Questions Approved & Denied Across MA Several voters across Massachusetts voted on Proposition 2 1/2 questions in their town, in addition to the three main ballot ...
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Wilkerson asked for resignation
The state Senate voted yesterday to ask state Sen. Diane Wilkerson, D-Boston, to resign in the wake of her arrest Tuesday on federal public corruption charges, with Senate President Therese Murray saying she ...
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Voters approve spending $1.3M for Common work
For decades, townspeople have talked about, planned for and spent upward of $150,000 to design traffic and parking improvements to the Town Common.
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Voters to decide on traffic project
Voters at a special town meeting at 7 tonight in the Ruggles Lane auditorium will consider borrowing $1.3 million for engineering work needed to complete the Barre Common Traffic Improvement Project.
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"Rock Solid" Eighth Annual Stone Show, Studio Place Arts, Barre
After eight consecutive years, the "Rock Solid" exhibition can be considered an enduring tradition at Barre's Studio Place Arts .
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Noted Buddhist lama presents meditation workshop at NBS
Participate in a unique opportunity to practice meditation with a Tibetan lama, when Lama Migmar Tseten presents his new book Treasures of the Sakya Lineage, on Thursday, Oct.
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Relaxed pace and sumptuous food make Jenkins Inn perfect for dinner
Barre, MA 01005 www.jenkinsinn.com Phone: 355-6444; toll free: 378-7373 Hours: Lunch: Noon to 2 p.m. Thursday through Sunday; Dinner: 5 p.m. to 9 p.m. Thursday through Sunday.
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Molly Bish center gets new director
Former state lawmaker David Tuttle has been named the new director of the Molly Bish Center for the Protection of Children and the Elderly at Anna Maria College.
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The Nobel Prize backstories
Most everyone has heard of the Nobel Prizes and people admire pioneers in science and medicine, but greater interest lies, understandably, in the payoffs of these discoveries.
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Health Beat
The Autism All-Stars is hosting its first Karaoke Night tomorrow in the function room at The Winner's Circle on Route 110 in Salisbury.
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Players' 'Never Too Late' in some ways a 'Family' affair
By Sumner Arthur Long, directed by Tim Waite. Presented by Barre Players at the Barre Players Theater, 64 Common St., Barre.
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Day of Caring set for Oct. 8
The United Way of Southbridge, Sturbridge and Charlton recently kicked off its next campaign, called 'Together, Making a Difference.' The group will hold its second annual Day of Caring Oct.
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Hugs, hope fill educator's final day at Tantasqua
Hope springs eternal for Robert J. Wellspring. On Friday, Mr. Wellspring ended a 31-year career as an educator, when he reluctantly stepped down as assistant principal of Tantasqua Regional Junior High School.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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