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Divorce Buyouts
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Springfield, 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
| Springfield, Massachusetts News |
Man is stabbed multiple times
A 25-year-old Springfield man survived a knife attack early Saturday morning. The victim was stabbed at least four times on a street in the Forest Park section of the city.
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Police investigate robbery at Pizza Hut
Two masked men forced their way into a Springfield Pizza Hut around 3am Sunday morning; taking whatever money there was in the office safe.
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Nude dancing faces decision
On the heels of a two-hour public hearing on Tuesday, selectmen will have until Dec.
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Feeding the hungry on Thanksgiving Day
The spirit of giving was strong in Springfield Thursday. Open Pantry is making sure area homeless don't go hungry this Thanksgiving Day.
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Jury in child-assault case asks judge if they have to believe Jason...
Judge Judd J. Carhart makes a ruling recently in the child-absue case of Jason D. Strickland.
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Springfield towing company president denies trying to bribe city councilor
By MIKE PLAISANCE mplaisance@repub.com SPRINGFIELD - The saga of the Springfield towing contract took another twist after police sent to the district attorney results of an investigation into remarks a city ...
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Suddenly on everyone's lips: 'Bailout' is top word
SPRINGFIELD, Mass. - Everyone seems to want one, but apparently a lot of Americans aren't sure what exactly a "bailout" is.
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Springfield police arrest two city men on cocaine and other charges
By GEORGE GRAHAM ggraham@repub.com SPRINGFIELD - Undercover narcotics detectives arrested two city men on cocaine and other charges in the downtown Monday night.
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Watch The Story
A jury has begun deliberations in the case of a man accused of beating his stepdaughter into a coma.
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Ex-Springfield firefighter held without bail for allegedly contacting victim in July stabbing case
By GEORGE GRAHAM ggraham@repub.com SPRINGFIELD - A former Springfield firefighter was held without right to bail Monday for allegedly making contact with one of the victims in a July stabbing case.
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Grease fire displaces Springfield woman and her two children
Springfield firefighters work at the scene of an early morning fire Monday on Beacon Circle that caused an estimated $50,000 in damage and left a mother and two children homeless.
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28 adoptions performed in Springfield
It was National Adoption Day in Springfield. 28 adoptions were performed in Juvenile Court.
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Springfield extends deadline for owners of large-occupancy buildings to install fire alarms
By MIKE PLAISANCE mplaisance@repub.com SPRINGFIELD - Owners of large-occupancy buildings will have until April 30 to comply with a disputed Springfield ordinance to install new fire alarms.
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West Springfield officials believe animal that attacked 2 children at ...
By ANGELA CARBONE acarbone@repub.com WEST SPRINGFIELD - The John Ashley School is expected to return to its normal routine next week.
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Witnesses in child abuse trial say sister of Haleigh Poutre did not...
Forensic pathologist Dr. Jonathan Arden describes what he saw in photographs of Haleigh Poutre in Hampden Superior Court Thursday morning.
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Mass. man sentenced for drunken driving death
A Norwich judge has sentenced a Massachusetts man to nearly four years in prison for a drunken driving death.
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School Transportation: Millions in the Red
Control Board Executive Director Steve Lisauskas says the account is FIVE MILLION DOLLARS in the red.
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Ex-Mass. bar president tapped to Springfield court
SPRINGFIELD, Mass.- An experienced litigator and former president of the Massachusetts Bar Association has been nominated to the Springfield District Court.
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Kids and Adults on Alert Following Confrontations
In West Springfield, officials say residents should be on alert for wild animals confronting humans in broad daylight.
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The first public glimpses of Haleigh Poutre
Steve O'Connell, spokesman for Essex County prosecutors, asked for help in finding missing East Boston boy Giovanni Gonzalez as the boy's mother, Daisy Colon, left court.
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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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