Hesperia, 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
| Hesperia, Michigan News |
Court sentencings 11-27-08
Stephanie Lynn Dykman, 34, of 7040 Federick, Twin Lake, was convicted of assault or assault and battery, and was sentenced to 93 days in jail to be served at the court's discretion with credit given for time ...
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No drugs found during school lock down
A lock down at the Hesperia High School and middle school yielded no drugs last Thursday morning, Nov.
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Fatal crash involving hay bales still under investigation
More than three weeks after a motorcyclist died when he collided with hay bales lying in the road, authorities still are searching for the source of the hay.
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New sheriff sees no major changes
The Oceana County undersheriff has been officially promoted. Republican Bob Farber, the current undersheriff, won the race for sheriff by a landslide Tuesday.
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Crash that took three lives leaves mystery
In an instant Sunday, two families were devastated. Police continue to investigate a Sunday crash that killed 16-year-old Brandon Heykoop of Egelston Township, a 46-year-old Howmet worker from Hesperia and his ...
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Teen driver hits van head-on, kills self, 2 others
The crash happened Sunday in Muskegon County's Holton Township, about 40 miles northwest of Grand Rapids.
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Three die in minivan-car crash near Fremont
Three people died, including a 2-year-old boy, from injuries in a head-on crash today southwest of Fremont at the border of Newaygo and Muskegon counties.
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Court sentencings 10-30-08 - archive
Posted: 10-29-2008 Court sentencings 10-30-08 - archive 78th District Court Judge Kevin Drake Brent Richard Norberg, 37, of 4111 S. 192nd Ave, Hesperia, was convicted of domestic violence and was sentenced to ...
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Halloween is lurking: Premature burial, anyone?
Kelly Kosutich, of Hesperia, plays the role of "bathroom victim" as patrons of Nights of Terror make there way through the haunted house located at the Muskegon County Fairgrounds.
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Oceana voters to elect new sheriff
The current Oceana County undersheriff, a Republican, will battle it out with a Democratic challenger to fill the vacant sheriff's seat in the Nov.
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Oceana motorcyclist dies after hitting hay bales in road
A motorcyclist who hit several hay bales in the roadway Saturday night in Leavitt Township died of his injuries.
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Court sentencings 10-16-08 - archive
Posted: 10-16-2008 Court sentencings 10-16-08 - archive 78th District Court Judge Kevin Drake Robert Carl Williams, 24, of 2685 Danton Dr.
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Video and photo gallery: Hunters with handicaps get their shot
Hunters gather for a lunch in a building next to the Ruby Creek Tavern in Mason County's Logan Township on Sept.
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Hesperia rules in Oceana harrier meet
With just three schools competing in the 20th annual Oceana Herald-Journal County cross country meet run Thursday, the Hesperia Panthers dominated both the boys and the girls events.
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Barbara E. Veltman
Barbara E. Veltman, 77, of Hesperia, passed away Saturday, Oct. 4, 2008. She was born Jan.
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Hesperia school's $15 million bond vote Tuesday - archive
Voters in the Hesperia School District will head to the polls Tuesday, Sept. 30, to determine the fate of a $15 million bond proposal.
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Court sentencings 9-25-08 - archive
Posted: 9-24-2008 Court sentencings 9-25-08 - archive 78th District Court Judge Kevin Drake Dorothy Geneva Gatica, 43, of 1583 E. Hammett Rd., Hart, was convicted of retail fraud, third degree, and was ...
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Court sentencings 9-18-08 - archive
Posted: 9-18-2008 Court sentencings 9-18-08 - archive Judge Kevin Drake Kevin Gerrard Byrne, 19, of 28 West 489 Warrenville Rd., Warrenville, Ill., was convicted of disorderly conduct and was sentenced to 90 ...
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Recommended reading - 9-18-08 - archive
Posted: 9-18-2008 Recommended reading - 9-18-08 - archive Review by Liz Nordin Hesperia District Library Book info BOOK TITLE: Call it Courage Author: Sperry Armstrong Publisher: MacMillian Publishing Co.
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Court sentencings 9-11-08 - archive
Posted: 9-11-2008 Court sentencings 9-11-08 - archive 27th Circuit Court Judge Terrence Thomas Michael Lee Wilson, 25, of 175 Fruitvale Rd., Montague, was convicted of financial transaction device - illegal ...
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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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