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Hadley, 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.

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Hadley, Michigan News
LCS officials continue to work on new name for what is now Woodside

Listening to Lapeer Community Schools board members discuss possible new names for what's now known as the Woodside School Thursday night was a little like listening to someone order off a Chinese menu.


Hadley-Murphy schools to benefit from pasta dinner

Looking for a way to decompress from the endless round of campaign flyers and negative television ads? Parents at Hadley-Murphy Elementary School are inviting area residents to join them for a night of "Lotza ...


Lapeer-area woman charged with embezzling from tire company founder takes plea deal

A woman who faced 20 years in prison for allegedly embezzling more than $400,000 from a wealthy older man, now could have her conviction reduced to a misdemeanor.


Welcome to Sherman Publications

Welcome our interactive calendar of events. We welcome you to add your special events to our calendar .


The little train that couldn't: Long legal battle dismantles Hadley Township railroad

Kenneth Stemen was always fascinated with railroads -- ever since he was a young boy when his mother would pack him a lunch to take down to the local train yard in Langhorn, Penn., to eat as he watch the ...


New playscape to be dedicated at Murphy Elementary today

After a year-and-a-half of fundraising, volunteer work and a soggy visit from the remains of Hurricane Ike, parents and staff at the Murphy campus of Hadley-Murphy Elementary School are finally going to have ...


LCS starts process to set boundaries for middle schools

Although Lapeer's two new middle schools won't be open for students until the 2010 school year, decisions are already being made about who will attend them and how that will effect elementary schools across the ...


LCS to retain Cramton name

What's in a name? In the case of at least one Lapeer school, significant local history behind the namesake and national reach were enough to keep it on the building.


Elaine's Too will keep quilters in 'stitches'

OVID - Quilters take note. Clinton County has a new quilt shop. Elaine's Too opened the middle of August and is ready to serve with fabric, thread, notions, patterns and more.


Electric stove history subject of Sunday program at Hadley museum

If the smell of burning toast wafted through your house this morning or you fry your bacon and eggs on an electric stove, you can thank one time Hadley resident Lloyd Copeman.


Golf scramble on Saturday to benefit girl with brain tumor

A golf scramble to benefit 4-year-old Olivia Morse will be held Saturday at Hadley Acres Golf and Country Club.


Hadley to celebrate July 4 with parades, games and food

Residents of Hadley will celebrate the nation's independence with a big Fourth of July celebration.


'Ride for the Troops'

The Ortonville Recreation Equestrian Association will host a "Ride for the Troops " from 10 a.m. to 2 p.m. Saturday at the state Department of Natural Resources' Horse Camp and Trails in the Hadley Hills on Fox ...


Public Notices

CHARTER TOWNSHIP OF ORION BOARD OF TRUSTEES SYNOPSIS, REGULAR MEETING, MONDAY, JUNE 16, 2008 Called meeting to order at 7:00 p.m. All members present.


Federal funding used to improve safety on high-risk county roads

Government-financed road safety projects are on the map throughout the county during the construction season.


Auction to benefit youth mission trip to Brazil

When Ben Nordass and the 16 other Hadley Community Church members arrive in Brazil this summer for the church's youth mission trip, it will be a homecoming of sorts for Nordass.


Local Government Meetings

Hadley's first day on the job will be June 23. He said his marching orders are an enhanced focus on community policing, a diverse command staff and an internal-affairs office that is "transparent." Click here ...


LCS breaks ground

The sun peaked through low, scudding clouds as Lapeer Community School officials broke ground Tuesday on their first major building project in more than three decades.


Lapeer County car buffs participate in Spring Dustoff

Cold, dark threatening skies and intermittent showers Sunday kept cars well below the record setting 350 when the Widetrackers held their Spring Dustoff in downtown Pontiac in 2001, but it didn't keep hundreds ...


Welcome to Sherman Publications

Displaying 8 records found. Date: Tuesday, May 27, 2008 Times: 7:30 pm to 9:00 pm Phone: 734-485-872 Presented by Patrick Gibbons, DO; Addiction Psychiatry Fellow, UMMC.


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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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