Galien, 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
| Galien, Michigan News |
Galien Township Schools Closed Friday
All schools in the Galien Township School District are closed on Friday, October 31, 2008.
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The Berrien County Sheriff's Department is investigating a fatal two-vehicle crash that closed U.S.-12 at Dayton Road in Buchanan Township for more than three hours on Wednesday, Oct.
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Phone service cut to part of Berrien County; 911 service affected
Phone service has been disrupted to portions of Berrien County and police say that is affecting 911 emergency service.
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Looking for votes
Your vote really matters to artists. The 2008 Images of Harbor Country art show will be on exhibit at the Scarlet Macaw Community Arts Center until Sept.
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Stay home, authorities in Berrien and Cass counties say t...5:16p.m.
In Berrien County, U.S. 12 is covered by water in several areas near New Buffalo, Sawyer, Three Oaks, Galien, and Buchanan, according to dispatch.
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Getting really close
People interested in history and photography will enjoy the two new exhibits at the Buchanan Art Center this month.
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River Valley millage headed for defeat
In early unofficial returns, River Valley School District voters appear again to have rejected a $16.69 million, 1.5 mill bond sale proposal to improve the district's aging facilities and build a new, ...
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Seeing the USA in their... Model A?
A variety of magnets adorn the back window area of a 1929 Ford pickup Model A, owned by Roger and Ruth Brockway of Galien, Mich.
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Lou Mumford: Cash in roadside trash an eye-opener
Cleaning up Michigan's highways isn't just drudgery. It can also be rewarding, in more ways than one.
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Two injured in Galien van-motorcycle crash
A motorcyclist was in critical condition Saturday night at a South Bend hospital after a collision with a van early in the afternoon.
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Birthday gal turns 100
Niles native, Ruth June Greene is celebrating her 100th birthday today. And it would seem that her life so far is filled with as much warmth and energy as her smile - which still catches the eye.
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Suspect arraigned in Watertown Twp. slaying
ST. JOHNS - A Brighton man was arraigned Friday, May 23 on a charge of murder in connection with the May 15 death of Watertown Township resident Bernard Koziel.
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MDOT will hold public meeting regarding US-12 project in Berrien County
Three Oaks Special accommodations: 269-337-3900 BACKGROUND: The Michigan Department of Transportation will resurface nearly 8 miles of US-12 from Elm Street to west of Dayton Road in the villages of Three Oaks ...
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Brighton man, 37, arraigned in killing of Watertown Twp. man
Suspect's lawyer: Competency test will be requested Kathryn Prater * Lansing State Journal * May 24, 2008 * From Lansing State Journal ST.
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Police: Homicide victim died of blunt force trauma
Autopsy reports show Bernard George Koziel died of blunt force trauma with an unknown weapon, officials with the Michigan State Police said.
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Police ID man, 63, found dead Thursday
WATERTOWN TWP. - Even days later, Jan Koziel has many questions about why her nephew, Bernard G. Koziel, was found dead on his property Thursday night on Howe Road.
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Spagnola Denied New Trial
A man convicted in the 2003 murder of a Galien woman has been denied a new trial. via WSJM-AM Saint Joseph
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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