Blackstone, 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
| Blackstone, 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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History pops out of the overgrowth
Matthew Lesperance, left, and Ryan Fish, right, stand in front of the Millville Senior Center.
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Courthouse records
Frenchman T. Glover, 40, of 701 Main St., Worcester, charged with armed robbery and assault with a dangerous weapon .
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Upton Notebook
Cynthia Rogers 529-4437 * Story time for children ages 3 to 6 is at 10:30 a.m. every Thursday at the library.
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State official retains optimism about future of small businesses in Valley
While Blackstone Valley business owners are concerned about the economic slowdown and challenges it presents for them, the Deval L. Patrick administration remains upbeat about the future for small businesses in ...
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John D. Dudula
John D. Dudula, 84, died Nov. 1, in Hammond House Healthcare, after an illness. He is survived by his wife of 60 years, Ursula Dudula; four children, Jonathan, David and Debra Dudula, all of Shrewsbury, and ...
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CanalFest brings out revelers
A beautiful fall day brought out thousands of people, some dressed in Halloween costumes, to enjoy fried chicken and Italian sausages as they watched dancers and listened to musicians during the third annual ...
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Trash, recycle business beckons
The town might get into the trash and recycling business, depending partly on the results of a study on trash disposal in town now being conducted by graduate students of Clark University in cooperation with ...
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New haunt for CanalFest
It's almost time for Spooky CanalFest. There will be a scarier tone to the popular annual street festival and, this time around, it won't technically be a street festival.
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DHS Marching Band takes first place in USSBA competition
The Dartmouth High School Marching Band captured first place Saturday in the U.S. Scholastic Band Association's New England States Championship in New Britain, Ct.
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Plenty of Halloween events in the region
Looking a bit like abandoned orange beach balls when the green tide of summer has turned and fields are dry and brown, pumpkins are ready for the picking.
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Courthouse records
Judge John S. McCann Michael Wheeler, 39, of 11 Algonquin Road, Worcester, sentenced to five concurrent terms of 18 months in the House of Correction after pleading guilty to identity fraud, larceny over $250 ...
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Valley mills linked to slavery
The Blackstone Valley is known as the birthplace of the Industrial Revolution. However, it is also linked to another important aspect of American history - slavery.
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In second round against dog racing, injuries cited
Greyhound racing opponents are taking a second stab at banning the practice in Massachusetts this year, asking voters to approve Question 3 on the November ballot, the Greyhound Protection Act.
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The Weekend Guide
Today, the family farm; tomorrow, the world. SUP Fresh from the Family Farm Week What: Local restaurants dish menus with ingredients from neighboring lands like Verrill Farm and Pioneer Valley, with proceeds to ...
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Cormier Woods enters new era
The 18th-century farmhouse, barn and shed at Cormier Woods, a 175-acre parcel that has been given to the Trustees of Reservations.
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Native living history part of valley weekend
Want to hear a Nipmuc Indian drumming circle? Or learn about the symbolism behind graveyard art? Or visit the childhood home of former U.S. Poet Laureate Stanley Kunitz? Or tour a well-preserved 19th-century ...
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Healy wins festival's chili cook-off
Uxbridge Fire Department's Joe Healy won first place at the second annual Phoenix Festival & Firefighters' Chili Cookoff held at The Hay-Wagon Restaurant & Creamery in Uxbridge.
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Take some steps into history
This Columbus Day weekend, area residents and visitors will be able to step back in time and keep pace with the future when historical, cultural and artistic sites throughout the Blackstone Valley open their ...
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Regional digest
Scout to retire American flags DOUGLAS -- An Eagle Scout and Douglas High School student will retire American flags on Veterans Day as his Eagle Scout service project.
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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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