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Brookfield, 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.

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Brookfield, Massachusetts News
Marlboro man facing charges after meeting 15-year-old girl

A 21-year-old Marlboro man will be brought to East Brookfield District Court today after being arrested last night on charges he met a 15-year-old girl yesterday at the Quaboag Regional Middle/High School to ...


Thanksgiving cooking at Old Sturbridge Village

Nov 18, 2008 6:04 pm US/Eastern Reporting Ron Sanders STURBRIDGE One of the nation's oldest living history museums is one of the New England's most popular destinations for Thanksgiving despite AAA's projection ...


Bank plans 'Holiday Flair in Ware'

Country Bank for Savings has announced plans to expand the annual pre-Christmas celebration in the downtown.


Judge orders restitution in bleacher case

A Brookfield man accused of stealing aluminum bleachers from the Spencer Fairgrounds and selling them to a scrap dealer for less than 4 percent of their value must pay restitution as part of a plea agreement ...


Mass. teen's bail revoked after alleged threat

EAST BROOKFIELD, Mass.- A teenager awaiting trial on charges of motor vehicle homicide and manslaughter has had his bail revoked after allegedly threatening to kill and dismember a lawyer in the case.


Brimfield 1st in school district to reject artificial turf project

Residents last night voted against borrowing up to $2 million for synthetic turf on athletic fields at Tantasqua Regional Junior and Senior High Schools.


Whitinsville McDonald's fined for labor violations

Attorney General Martha Coakley's office has issued civil citations assessing $3,250 in penalties against a McDonald's Restaurant franchise in Whitinsville for multiple child labor violations.


Building a stable future

Amanda Lord, the year-round horse program director for Camp Marshall, instructs students Laureen Anderson, 7 of Brookfield; Victoria Pellitier, 11 of Charlton; and Hailie Brown, 7, of Spencer on how to groom ...


Bracing for avalanche of votes

When city and town clerks were asked what they're doing differently for Tuesday's historic presidential election - expected to have record-breaking turnout in Massachusetts - they projected an air of calm.


Green: Shirley saving energy with 4-day workweek

Who wouldn't want a three-day weekend every week? Many town employees will get just that this winter as Shirley, like a number of other communities across the Commonwealth, tries to find creative ways to save ...


Priest wants to use school for CCD class

A local priest wants to conduct Confraternity of Christian Doctrine classes in Warren Community Elementary School off South Street.


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.


School boards agree it's no on Question 1

The Tantasqua Regional and the Sturbridge school committees are in agreement that 'No' is the way to go on Question 1. Last week, both school committees independently voted against the Nov.


Brookfields notebook

Karen Trainor 436-5552 The much anticipated 2nd annual North Brookfield Arts and Music Festival will have the center of town hopping with activity tomorrow as live music on two stages, art exhibits, craft ...


3-man full-time force wants a union

Brookfield police are again trying to form a union. Selectmen Tuesday discussed a petition they received on behalf of the three full-time officers in the Police Department.


Second town OKs turf

Sturbridge selectmen last night unanimously supported Tantasqua Regional School District's plan to borrow up to $2 million to resurface three or four athletic fields with artificial turf.


Holland voters give school the nod for $2M turf project

Nearly 90 percent of the 58 voters who attended last night's special town meeting approved allowing the Tantasqua Regional School District to borrow up to $2 million to resurface athletic fields with artificial ...


Tantasqua, Auburn top SWCLW logjam

Auburn 2, Uxbridge 0 Junior Blaise Falk scored his 23rd goal of the season and assisted on one by sophomore Notre Dame Academy transfer Eileen Collins as the unbeaten Rockets won their sixth straight and ...


Idaho officials suspend search for missing North Brookfield man

The Idaho County Sheriff's Office has suspended the search for a 62-year-old North Brookfield, Mass., man who has been missing in rugged Idaho terrain since Sept.


Saving money, conserving energy

If it's Friday, the town hall may be closed. Beginning today, the Municipal Office Building in East Brookfield will be shuttered one more day a week, as an energy conservation and cost-saving measure.


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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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