Shapleigh, 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.
Return to divorce buyout in the state of ME
| Shapleigh, Maine News |
Kicking the water bottle habit
As several Maine towns battle the plans of Poland Spring to expand water-pumping operations across the state, a group of water-rights activists will bring the issue to Portland this Saturday with a screening of ...
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Governor Proclaims Friday as Maine Conservation Corps Day
Augusta, ME – Gov. John E. Baldacci has declared Friday, Nov. 14, 2008 as Maine Conservation Corps Day in recognition of the 25th anniversary of the Corps' formation.
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Maine Senate District 2 race headed to recount
Saying a recount will test the "integrity" of the election process, Democrat Rick Burns wants the votes tallied again in the close District 2 Senate race he lost to Republican incumbent Richard Nass.
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Public meeting on the Wells water moratorium
There will be a public informational meeting on the Town of Wells Water Extraction Moratorium Referendum on Thursday, Oct.
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Kittery celebrates new wind turbine
When it comes to energy, wind might carry the town to new heights. Local and state officials gathered at the town's solid waste facility for a ribbon-cutting ceremony for the new 150-foot-tall, 50-kilowatt wind ...
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the answer is blowin' in the wind in Kittery; scarecrows storm the port
Motorists traveling along Route 236 in Kittery, Maine, may notice an unfamiliar sight towering over the trees off MacKenzie Lane.
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SAD 57 sixth-graders on the move
WATERBORO : Starting next fall, all sixth-graders in Maine School Administrative District 57 will be moved from the district's elementary schools to Massabesic Middle School in Waterboro [0] Also at the Oct.
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Southern Maine Awash In Water Wars
Water may be the new environmental battleground in Maine. There is increasing opposition to efforts by Poland Spring and its parent company, Nestle, to tap new sources for its bottled water plants.
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Another Reason to Avoid Bottled Water
Bottled water has been around for several decades now, but recently, with Poland Spring's announcement that it is looking to tap another spring in Shapleigh, Maine , there seems to be a resurgence of people ...
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Maine town blocks Poland Springs' next move
The moratorium, which halts Nestle Waters North America subsidiary Poland Springs from moving forward with its plans to test and bottle Shapleigh water, was approved in a 204-38 vote.
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A water fight in Maine
Walk about 100 yards down a well-worn path, past wild berry bushes, and take a left into leafy growth.
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Wells police log
He had allegedly attempted to steal food and juice. He was released on bond with a court date in York District Court.
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Holman returns to Sanford Institution
Patricia Holman has returned to Sanford Institution for Savings as assistant vice-president/retail mortgage loan officer in an announcement made by Mark T. Mickeriz, bank president and CEO.
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Poland Spring proposing test wells in Shapleigh
SHAPLEIGH : A proposal by Poland Spring to begin testing with the aim of pumping water from sites in Shapleigh will be voted upon at a special town meeting Saturday, Sept.
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Winners of 35th annual Sidewalk Art Show
The Ogunquit Chamber of Commerce has announced the winners of the 35th annual Sidewalk Art Show and Sale held Aug.
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Shapleigh water ordinance heading to special town meeting
SHAPLEIGH : A large scale water extraction ordinance will go before voters at special town meeting Saturday, Sept.
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Wells police log
Sousa was charged with domestic violence assault. He was also charged with obstructing the report of a crime and violation of conditions of release.
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No change to Kittery school configuration until at least 2011
The School Committee wants to make it clear that the decision to go from a four-school district to a three-school district will not have an impact on students for several years.
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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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