West Paris, 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
| West Paris, Maine News |
Crash injures drivers
Two drivers were injured Thursday afternoon when one of them sneezed and their vehicle hit the other driver's vehicle that was stopped on Route 26, police said.
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Oxford County arrests
The following arrests were recorded at the Oxford County Jail: Rhonda Jean Kelce, 46, of Norway, Nov.
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Man gets 3-year sentence for sex crime
A 43-year-old West Paris man will go to prison for three years after pleading guilty to sexually abusing a 14-year-old girl in Oxford last June.
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Fueling Up For The Morning Hunt - Milt's Corner
This feeding took place at the Hunters and Family Breakfast the first day of gun season for deer in West Paris, Maine.
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West Paris honors vets
Ring-McKeen American Legion Post members paraded along Main Street and held a memorial service at the War Memorial on Tuesday morning to honor America's veterans.
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Acetylene Torch Sparks Garage Fire
Some auto repairs intended to fix a problem ended up causing a much bigger one in West Paris.
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Waterman seeks to suppress evidence
The lawyer defending a man accused of killing two people in July has filed several motions in the case, three of which seek to suppress evidence seized by police.
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Supper, auction, dance planned to fund grandstand foundation
Fundraising efforts to replace the burned wooden grandstand at the Harold C. Perham Athletic Complex on High Street are continuing with a public supper next month.
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Looking back
Peter Fahey of Lewiston was shot by John A. Doherty of Auburn in public streets of Auburn near Hampshire and Turner streets at noon Thursday - one shot out of three taking effect and leveling Fahey to the ...
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The Wardwells
Cyrus and Edna Wardwell celebrated their 77th anniversary on Aug. 20, 2008, at Rockingham County Nursing Home in Brentwood.
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Mexico gives residents place to dispose of hazardous waste
Pullout Box: Upcoming or ongoing household hazardous waste collections: From 8:30 a.m. to 12:30 p.m. on Saturday, Sept.
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Artists' space at fair aims to inspire
A new attraction at the Oxford Fair proved to be a hit with local artists. The Inspiration Station, a collaborative effort of the Western Maine Art Group and Oxford Fair Association, went up two weeks ago.
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'Big O' wide-open classroom for students
Hundreds of students from Oxford County schools spent Wednesday morning in an open-air classroom during Oxford Fair's annual Education Day.
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Sumner Man Pleads Not Guilty To Double Murder
A 32-year-old Sumner man has pleaded not guilty to murder in the shooting deaths of two men in West Paris.
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Buckfield marks Labor Day with grand parade
More than 100 people marched and rode in the Labor Day parade here Monday, watched by many more lining the route.
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Arrest log
Jeffrey Joseph Perry, 25, of Porter, July 28, probation hold out of York County, no bail listed as of Aug.
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West Paris seeks ambulance proposals
Selectmen decided Thursday to seek proposals from four ambulance services as well as a more open dialogue with Tri-Town Rescue.
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Youth Charged With Arson
The state fire marshal's office said it has charged a 12-year-old boy with arson for setting a fire that destroyed the wooden grandstand at the Edward J. Manning Athletic Complex in West Paris last month.
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Sumner man enters no plea to murder charges
A crowd of onlookers was kept behind a police line in the Oxford County Superior Court parking lot as Duane Waterman, charged with killing two men in West Paris, was led into the courthouse Tuesday.
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Sumner man arrested in West Paris slayings
A 32-year-old Sumner man has been arrested on two counts of murder in the shooting deaths last month of two men in West Paris.
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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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