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Albion, ME Divorce Buyout in Maine

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 Maine, 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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Albion, Maine News
Albion man critically injured in Unity crash

UNITY : An Albion man remained in critical condition Wednesday following a single-vehicle crash that occurred Tuesday, Sept.


Peaches..In Maine!?

It's not quite apple picking season yet, but it's the perfect time to pick peaches.


AG's office investigating shooting death in Albion

The Maine Attorney General's Office has initiated an investigation into the shooting death Monday night of an Albion man by a Maine state trooper.


Trooper-Involved Shooting Under Investigation In Albion

A state trooper shot a man while responding to a domestic dispute in central Maine on Monday night.


Maine and the Ostrich

Monday, July 28, 2008 Maine and the Ostrich Imagine my surprise when I came across this wild story on the Creature Chronicles website.


Herring Hearsay

This from Albion Goodwin of Pembroke, Maine - governor-appointed fish-and-wildlife advisor to his state and the man who, on behalf of the Grand Lake Stream Guides Association, has probably done more than anyone ...


Unity comes together for family fun Monday

UNITY : The Unity Downtown Enhancement Group, in conjunction with the Unity Elementary School Parent/Teacher Committee, sponsored the annual Family Fun Day at Field of Dreams on Monday, May 26.


Includes Photographs

OWLS HEAD : The Maine Powerchute Association camped out at the Knox County Regional Airport flying club this past weekend doing take-offs and touch-downs from a grassy field alongside the main runway. via Village Soup


Man Arrested After Car Chase

Police say 19-year-old Michael Henderson led them on a car chase from Albion through Benton, Fairfield, and Waterville Saturday night. via WLBZ


More Details

Albion - $675,000 32 Clifford Road Residential Property Description: "Winooski" A shingle style Maine classic with water on both sides, the home is surrounded by a wrap-around porch and you will delight in the ... via Village Soup


Knox County Superior Court news

ROCKLAND : The following cases were closed in Knox County Superior Court from March 3 to March 10: Sean R. Anderson, 26. via Village Soup


Freedom family loses home in Sunday night blaze

FREEDOM : A Sunday night fire at 142 Belfast Road left a mother and her seven children homeless. via Village Soup


Belfast: Museum seeks help to save train station

"They should never have taken it out of Belfast; it was all out of spite"

SQUEAKY WHEEL GETS THE OIL Bill Alexander of Albion, a fireman on the Belfast & Moosehead Railroad, lubricates the wheels of a 1913 Swedish steam locomotive at the railyard in Unity. via Bangor Daily News


It's Girl Scout cookie time

"And who could resist a Girl Scout cookie? My favorites are Thin Mints. This is a great project and a great tradition for the Girl Scouts of our state."

AUGUSTA : Gov. John E. Baldacci welcomed 11 girls from Girl Scouts of Maine to his office Thursday morning for the annual Girl Scout Cookie Sale Kick-Off. The Scouts hailed from the Augusta area, Clinton, ... via Village Soup


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