Bellingham, 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
| Bellingham, Massachusetts News |
City, United chambers merge
The Attleboro Area Chamber of Commerce and the United Chamber of Commerce have merged and will be called the United Regional Chamber of Commerce.
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EPA targets stormwater from impervious surfaces
The U.S. Environmental Protection Agency announced a targeted effort to apply more stringent controls on stormwater pollution in the Charles River watershed in Eastern Massachusetts, where stormwater containing ...
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New EPA rules to reduce runoff hit 3 Mass. towns
Large stores in three Massachusetts towns are being required by federal environmental regulators to control the amount of polluted rainwater running off their roofs and parking lots.
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Special town meeting Wednesday
The funding of several Community Preservation Act projects will come before Special Town Meeting voters Wednesday at 7 p.m. at Ashland High School.
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Superintendent stepping down in Ashland
Superintendent Richard Hoffmann has informed school officials that he will be leaving the district when his contract expires next spring, saying he intends to seek new challenges.
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About Bellingham's Newest Weight Loss Program?
There are now over 200 locations distributing the program worldwide. It is the only complete concept, as it is the marriage of weight loss, fitness and motivation.
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Power plant scheme gathers steam
The power plant issue is back in play, six months after it failed at the special town meeting.
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Pollution suit yields millions to 17 towns
We didn't think we were going to get anything, but we stayed on board and all of a sudden we're going to get some money.
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Woman remorseful in court for rant against city officer
An alleged Bellingham teacher's racially tinged rant against an Attleboro police officer from Guatemala left Attleboro District Court Judge Gregory Phillips visibly upset Tuesday.
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Read the answer
Name City Zip Country Q & A: The Fall Veggie Garden September 30, 2008 I'd like to get into veggie gardening.
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More Cable TV Choice for Consumers in Bellingham, Mass.
BELLINGHAM, Mass.,, Sept. 30 MA-Verizon-NewService Thousands More Consumers, Small Businesses now can Order Verizon's FiOS TV, the Only TV Service Delivered over the Nation's Most Advanced Fiber-Optic Network ...
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Wrentham tower, housing plans to be aired
Plans for a large housing development and municipal communications tower are heading before the planning board during public hearings Wednesday.
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Verizon To offer its FiOS TV service for Residents of Bellingham, Mass
Verizon has announced that its FiOS TV service is to offer via the most advanced all-digital, fiber-optic network straight to customers' homes in Bellingham.
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FALMOUTH - Dinner and a movie may once again involve traveling to two different locations.
Dinner and a movie may once again involve traveling to two different locations. The Falmouth Cinema Pub - where customers could take in a movie while eating dinner and sipping cocktails - is now closed, at ...
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Bring in your tires, your books
Northbridge Town Manager Ted Kozak, left, and Blackstone Town Administrator Kenneth Bianchi show off a new Blackstone Valley Regional Recycling Center truck yesterday at the Northbridge recycling center.
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Courthouse records
Akeen Wynn, 27, of Bellingham, was sentenced to two concurrent terms of one year in the House of Correction after pleading guilty to two counts of possession of cocaine with intent to distribute.
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Ma Glockner's closes
BELLINGHAM, Mass.- One of the region's oldest restaurants has closed its doors. Ma Glockner's Restaurant in Bellingham, Mass is no longer in business, and its four acre lot is up for sale.
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Benefit golf tourney
The Ashland Business Association is hosting its second annual golf outing Oct. 2 at the Marlborough Country Club.
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Cape Commerce
The Lower Cape Cod Community Development Corp. is seeking nominations for the Gwen Pelletier Award for Excellence in Community Service.
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Chestnut Street slated to reopen Monday morning
Water and Sewer Commission Executive Director Daniel O'Neill said contractors are scheduled to reopen Chestnut Street to through traffic Monday following a summer's-worth of work that shunted drivers onto Pond ...
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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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