Alba, MI Divorce Buyout in Michigan
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Michigan, 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 MI
| Alba, Michigan News |
Porn charges added for ex-bus driver
A former school bus driver accused of criminal sexual conduct faces a host of new charges after authorities allegedly discovered child pornography on his computer.
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Tea Table Listing Updated
Births A daughter, Elizabeth Jean Stoll, was born to Matt and Amy Stoll of Petoskey on May 21, 2008, at Charlevoix Area Hospital.
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2 finalists named for superintendent post
Two finalists have been named in the search for Mancelona Public Schools' new superintendent. via Traverse City Record-Eagle
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Updated May 6, 2008 election results
Regional school and local government election results for May 6, 2008. ANTRIM Alba Public School Incumbents Nancy Shepard and Christi A. Wood retained their four-year seats on the Alba school board, with 127 ... via Traverse City Record-Eagle
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Mancelona has 4 superintendent finalists
Four finalists to become Mancelona's school superintendent will be interviewed next week. via Traverse City Record-Eagle
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Week in Review:
"If this is what the residents want, the village will begin looking at how to pay for it without raising taxes" Residents will help decide whether to dredge Bellaire's Craven Pond in an attempt to rejuvenate trout habitat. via Traverse City Record-Eagle
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School Bus Driver In Court Charged With Child Sex Crimes .
A Northern Michigan school bus driver was in court today, charged with having sexual contact with a teenage student a few times. via WWUP-TV Cadillac
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Governor Stays Out of Cleanup Project in Antrim County
The Governor decided she will not intervene in a pollution cleanup project in Antrim County. via WWUP-TV Cadillac
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Gov. Granholm won't revoke Alba well permit
"The bottom line is that this matter is in a legal process, an appeal has been filed" The governor won't intervene in a pollution cleanup project in which wastewater would be pumped deep underground from a spot in Antrim County's Star Township. via Traverse City Record-Eagle
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Crash victims were from downstate
ALBA Authorities identified two downstate men killed in a traffic crash near Alba. via Traverse City Record-Eagle
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Fatal head-on collision in Alba
One person is dead and another injured after a head on collision in Antrim County. via WTOM-TV Traverse City
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Collision between SUV, logging truck leaves 2 dead
Two men are dead following a collision between a sport utility vehicle and a logging truck in northwest Lower Michigan . via Chicago Tribune
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SUV collides with logging truck, kills one
One person died and another was injured after a sport utility vehicle collided with a logging truck south of Alba. via Traverse City Record-Eagle
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Weekly is northern Michigan's largest weekly newspaper, distributed in 13 counties throughout the northwestern lower peninsula of Michigan
Green Warriors Who knew? When it came to a vote for "favorite environmentalist," no fewer than 34 "people" were nominated. via Northern Express
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Community Speaks Out
"If something goes wrong and its forced out of the formation it could contaminate the drinking water supply which would devastate the whole area." Concerned Resident says, "Today the fight is in Alba, but the bigger picture is much larger!" Plans to put in a proposed waste water disposal well in Antrim County is what's lead residents, politicians, and ... via WTOM-TV Traverse City
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3/8 - An Appeal to Reconsider Permitting a Waste Disposal Well in Antrim County
"We offer superior sales and service for our valued customers. We are committed to serving our friends and customers and look forward to hearing from you." A northern Michigan community met today to appeal a well. A well that would hold contaminated water from Bay Harbor in Petoskey. via WWUP-TV Cadillac
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Alba Residents Concerned About Injection Well
"We're concerned this can potentially contaminate the ground water feeding the Jordan River and Lake Charlevoix" Plans to place a waste water disposal well in Antrim County has some people worried about how it could impact their community. via WTOM-TV Traverse City
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House Fire Ruins Antrim County Home
A family is safe after flames ruined their Antrim county home. Firefighters were called out to a house on Alba Highway in Alba, just after eight Friday morning. via WWUP-TV Cadillac
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"We had extensive amount of comments, and it's taken a long time to go through all those comments and supply answers" "Based on the exhaustive review conducted by the EPA and DEQ, which has included an extended public comment period, three additional rounds of questions that CMS answered, an environmental justice survey that ... via Petoskey News Review
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Township Legal Action Against Injection Well
"We feel that the EPA and the DEQ did not have the best interest of the community and its citizens, that they're failing to protect our water and our environment" After The Department of Environmental Quality and The Environmental Protection Agency approved a permit for a deep injection well in one northern Michigan community, township officials are now speaking out. via WTOM-TV Traverse City
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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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