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Divorce Buyouts
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Bondsville, 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
| Bondsville, Massachusetts News |
Fire cause re-evaluated
The fire that killed a 44-year-old Palmer woman in her Commercial Street apartment early Thursday was most likely sparked by clothing or bedding left too close to an electric baseboard heater, officials said.
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Investigators look at space heater as possible cause of fire that killed Palmer woman
A four-family dwelling at 29 Commercial St. in the Thorndike section of Palmer shows the devastation of a fire that claimed the life of a 44-year-old women early Thursday morning.
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Officials dish out candy
A 3-foot-tall mouse walked into the Police Department on Friday. Standing on its hind legs, the mouse wiggled her long tail as she waited for her treat.
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Steven Lukas of Warren, former boyfriend of the late Molly Bish, dies following Oct. 13 car crash
By NANCY H. GONTER ngonter@repub.com PALMER - A Warren man critically injured in an Oct.
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Blowtorch Sparks House Fire in Three Rivers
There was heavy damage to the basement of a four-family home in Three Rivers just after 10:30 a.m., on Friday.
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Cleanup of Contaminated Soils in Belchertown and Palmer Mass.
EPA and the Massachusetts Dept. of Environmental Protection will coordinate on the removal of soils contaminated with lead and arsenic at the Old Bondsville Factory Site located in Belchertown and Palmer, Mass.
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Woman hit by car in Palmer
Police cited a Palmer man for failure to stop for a pedestrian within a crosswalk after he they said hit a Bondsville woman with his 1998 Jeep today about 4:15 p.m. Sgt.
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Volunteer ousted from cleanup job
After spending nearly three weeks sprucing up downtown Bondsville, Dennis C. Biron got a call Monday from the interim town manager telling him his efforts were appreciated, but no longer needed.
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44 cats taken from home
Forty-four cats were removed from a Bondsville home this week, and the Massachusetts Society for the Prevention of Cruelty to Animals is hopeful that the majority will find new homes.
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Msgr. Richard Sniezyk reflects on diocesan history as he retires
Hundreds of colleagues, friends and extended family members gathered at St. Michael's Cathedral here and the Castle of Knights Hall in Chicopee June 25 to mark the recent retirement of Msgr.
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Friends recall laughter, spirit
It's a true tragedy. She was a beautiful young girl and this was a fluke. I've never seen it happen before.
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11 teens caught at party in woods
Police interrupted a party of teenagers in the woods off Breckenridge Street on Friday night and apprehended 11 teens.
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Civic groups join Palmer cleanup
"Hopefully it will be a pretty good event" The third annual Palmer Pick-Up Day will be held Saturday, and organizer Robert S. Haveles hopes people will take pride in their community and help spruce it up. via MassLive.com
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Palmer man killed in apartment fire
"It was going for a while before we got in" Fire tonight claimed the life of a man who lived at 89 Beacon Drive, the Palmer Green apartment complex across from Wing Memorial Hospital. via MassLive.com
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Official killed in accident
"I have ordered all flags at City Hall and municipal buildings lowered to half staff" A 53-year-old city official and friend of the mayor was fatally injured Tuesday night after a collision between his 2008 motorcycle and a jeep. via MassLive.com
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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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