Decatur, MI Divorce Buyout in Michigan
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 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
| Decatur, Michigan News |
Michigan 51 accidents send 6 to hospital
Two accidents along Michigan 51 sent six people to area hospitals Monday. The Cass County Sheriff's Office said the first crash happened about 7:35 a.m. near Swamp Street in Wayne Twp.
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It's the second time a 69-year-old Marcellus man will go behind prison bars. Friday in Cass County Circuit Court, Jerome Wilkins of 54303 Cranberry Road, Marcellus, was sent to prison for second-degree criminal ...
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Ex-employees get OK to buy Knoll business
Van Buren County Circuit Judge William C. Buhl has signed an order opening the way for two former employees of Decatur businessman Evan Knoll to buy his near-bankrupt racing-fuel business.
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Fatal accident closes I-94 lanes in Van Buren Co.
A driver was killed in a collision involving two semi trucks that shut down the eastbound lanes of I-94. The crash happened near the 55 mile marker in Van Buren County, near Decatur, shortly after 6 a.m. Friday ...
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Racing-fuel empire's assets may be sold off
Assets of a former multimillion-dollar racing-fuel empire that is now under federal tax investigation are scheduled to be auctioned Nov.
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SMC accepts engineering scholarship
The Southwestern Michigan College board of trustees recently accepted a $133,000 donation to establish the Charles R. Smith Memorial Scholarship.
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Decatur soldier admits killing woman
A soldier from Van Buren County admitted he had violent sex with a 19-year-old woman before cutting her throat and leaving her to die in the wooded foothills west of Colorado Springs, according to an arrest ...
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'Murder at the Mansion'
Pay attention. Listen carefully. Take notes. If you do all that - and use your imagination - you just might determine who killed Charles and Esther Morris on Sept.
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Traffic Stop Yields Large Amount of Marijuana
Two men, one from Decatur, Michigan and one from Elkhart, Indiana were arrested early Thursday morning by Indiana State Trooper Kris Coffey, for possessing approximately 60 pounds of marijuana in the trunk of ...
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60 pounds of marijuana seized
Compiled by Tom Pellegrene Jr. Men from Elkhart and from Decatur, Mich., were arrested in Adams County today on charges they possessed more than 10 pounds of marijuana with the intent to deliver, Indiana State ...
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Decatur soup supper to be held Friday, September 26
West Valley Livestock will host a soup supper at the Decatur Township Hall, 103 E. Delaware Street on Friday, September 26 from 4:30 to 6 p.m. The all-you-can-eat meal will cost $3, and include a choice of ...
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Decatur Man Dead after Hitting Tree
A Decatur man is dead after hitting a tree head on. The Van Buren County Sheriff's Deparmtent says it happened around 9p.m. Saturday at the intersection of 40th Street and 82nd Avenue.
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Police find suspected meth lab
Police said they found an active methamphetamine lab inside the garage of a Portage home on Tuesday.
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Deputies believe they've solved a string of break-ins
Van Buren County Deputies say that they've found the man behind a number of summer break-ins. They arrested Dennis Hall on Monday for an outstanding warrant, but he's looking at a slew of new charges.
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Decatur man arrested at football field
Dowagiac Police Chief Tom Atkinson reports his department arrested a man Friday night for several drug-related charges.
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Decatur man charged in two separate thefts
A Decatur man has been charged for stealing from a business and a foreclosed home.
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Lost Decatur Girl Found
The Herald Palladium reports Haley Muncy of County Road 668, south of Decatur, apparently left her backyard and wandered around barefoot in cornfields for almost 3 hours beofre she was found.....thanks to an ...
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Missing toddler found safe
A 3-year-old child missing for about three hours Friday afternoon was found safe about a mile from her house, wandering in a cornfield.
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Traffic stop leads to meth
Two Decatur men also went to prison Friday for methamphetamine making, Christopher Kirby, 36, of 100 East Bronson St., and Clyde Rowlee, 38, of 305 E. Sherwood St.
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Legacy of dedication lives on for former KPS principal
Students at Kalamazoo's Chime Elementary School, which closed at the end of the 2007-08 school year, and Wilson Elementary, which closed several years ago, were much the better because of a principal who spent ...
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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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