Hartford, 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
| Hartford, Michigan News |
New Saugatuck assessor McGrew a has thick skina
Wednesday, November 12, 2008 4:17 PM EST The City of Saugatuck has three Level 3 assessors on its payroll with Monday's hiring of Dianna McGrew as its new assessor.
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No weapon found in school lockdown
Hartford Public Schools officials locked down the high school and middle school for more than two hours Friday after a student reported a weapon in the high school.
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Compact amendments give Pokagon Band satellites
Amendments to the Pokagon Band of Potawatomi Indians' gaming compact will give the state an immediate $15 million and give the tribe the right to open satellite casinos in Hartford and Dowagiac.
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New casinos OK'd for Dowagiac, Hartford
Two new casinos in the areas of Dowagiac and Hartford with up to 1,000 slot machines each are permitted under the settlement announced this week between the state of Michigan and the Pokagon Band of Potawatomi ...
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Possible Mini Casinos in Hartford and Dowagiac
Governor Granholm has amended the State's Compact with the Pokagon Pottawatomi, and it could bring two additional Casinos to W. Michigan.
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State, Pokagon tribe settle gambling revenue feud
An American Indian tribe and the state of Michigan have settled a dispute over gambling revenues paid to the state.
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Man dies from stab wound
An autopsy was scheduled today for a 45-year-old Van Buren County man who police say may have been stabbed to death by his girlfriend.
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Funeral for Hartford stabbing victim
The visitation and funeral for a Hartford man killed in his apartment is Friday.
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Girlfriend charged in stabbing
A Hartford woman has been charged with murder in connection with the stabbing death of her 45-year-old boyfriend, police said.
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Hartford Stabbing
One man is dead after a domestic altercation in Hartford, Michigan. At 4:22 a.m., Van Buren County Central Dispatch received a phone call that Bruce Woody, 45, had returned home to his apartment with a stab ...
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Officially charged in stabbing death
A woman has been officially charged in the stabbing death of her boyfriend. Juanita Jackson is waking up behind bars at the Van Buren County Jail, charged with murder.
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Man Stabbed to Death, Girlfriend Behind Bars
A man was found stabbed to death and his girlfriend is in custody. The Van Buren County Sheriff's Department received a call saying Bruce Woody ,45, of Hartford came home with a stab wound around 4:20 a.m. ...
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Hartford man stabbed to death in apartment, sheriff's lieutenant says
Authorities have arrested the girlfriend of a 45-year-old man who was stabbed to death in his southwestern Michigan apartment during an argument.
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Gardener now has tools to correct ordering glitch
Dear Lemme -- I saw one of your past columns on Gardener's Choice, a mail-order nursery in Hartford, Mich.
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TOUCHDOWN
An EF-1 tornado, according to the National Weather Service, touched down in Paw Paw around 4:30 p.m. last Saturday.
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To get water tested
To sample well water for safety, contact your county health department: Allegan County: Call 673-5411. Barry County: The county's Web site provides instructions on water testing.
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Two charged with kidnapping, rape
Two farm-camp workers in Van Buren County have been charged with kidnapping and raping a 21-year-old woman, police said this morning.
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Resident thinks someone helped the flooding in Van Buren County
Rains in Van Buren County have caused the worst flooding many have seen in decades, and that flooding is only getting worse for those living in the area of Van Auken Lake in Hartford.
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Rain, rain go away: Wet West Michigan rainfall totals continue to rise
Rain that started Friday night and has continued throughout the day on Saturday is slowly but surely filling rain gauges across West Michigan.
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Search for missing Hartford man
HARTFORD, Mich. Police are asking for help in their search for a man suffering from the early stages of dementia.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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