Rothbury, 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
| Rothbury, Michigan News |
Jobs are in the wind
A well established Rothbury foundry has received tax abatements which will allow it to enter the alternative energy manufacturing, and add 70 jobs in the next five years.
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Michigan Development Group Investing in Projects to Boost Employment in State
The Michigan Economic Development Corp. announced plans to assist seven companies in the state and supporting four brownfield development projects in the state.
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Foundry to add 70 'green' jobs
When you hear "green jobs," you may not automatically think "gray-iron foundry." But a Rothbury foundry is expected to add 70 jobs thanks to a state-supported project that will help it make iron castings used ...
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Briefs, updates:
A Montague woman faces a felony larceny charge for allegedly taking plants from the Carlton Creek Greenhouse at 7173 S. Oceana Dr.
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Judge nixes Double JJ sale
A federal bankruptcy court judge Monday ruled not to approve the sale of the Double JJ Ranch in Rothbury to one of its creditors.
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Court sentencings 11-13-08 - archive
Posted: 11-12-2008 Court sentencings 11-13-08 - archive 78th District Court Judge Kevin Drake Xavier Sabastian Mendoza, 22, of 176th Avenue, Walkerville, was convicted of telecommunications services - malicious ...
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Briefs, updates:
Two-years probation was given to the 92-year-old Rothbury man convicted in the fatal auto accident last June that killed Carl Lentz of Pentwater at the M-20-Oceana Drive intersection.
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ROTHBURY's future left hanging
The ROTHBURY festival faces a critical deadline next week if a second event will be produced next summer.
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Public Notices 10/30/08
Grant Township Planning Commission The Grant Township Planning Commission will hold a public hearing on Monday, Nov.
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Voice For Horses
Rescue groups around the region are joining together to buy animals at a Michigan auction.
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Live from the Double JJ auction in Rothbury
The auction got under way at 12:40 p.m., nearly two hours late. The real estate bidding began with BankFirst, holder of the note on the resort's indoor water park, offering a qualified bid for the entire resort ...
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Sweet Japonic to Play at Doc's Music Hall
On the music scene for 5 years now, Grand Rapids, MI based Sweet Japonic, has written two Jammie Award-winning albums and has been touring club and college circuits throughout the Midwest.
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Trail Horses Included in Resort Bankruptcy Auction
Operators of the Double JJ Resort and Ranch in Rothbury, Mich., are hopeful that the resort's 94 horses will find new homes when the company's assets are liquidated at bankruptcy auction on Oct.
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Driver, 91, gets probation in fatal crash
A 91-year-old western Michigan man who pleaded no contest in a fatal traffic accident will serve two years' probation.
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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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Crisis in the Pharm Belt
Oceana County, with its pastoral fields brimming with asparagus and cherry trees, might seem an unlikely place for a teen drug problem.
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Public asked for help in school planning
Montague school officials, who are expected to soon decide whether to again seek a bond extension for facility upgrades, are asking community members for help in mapping out the district's long-range future.
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Brittany: 'No one was there to tell me "no"'
Brittany smoked marijuana for the first time when she was 9. By the time she got her driver's license, the 20-year-old Rothbury woman already had "done a line" of cocaine, smoked heroin, overdosed on ...
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Interest Grows in Double JJ Resort as Auction Nears
The resort that most recently made headlines for hosting the Rothbury Music Festival may have a future after all.
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Double JJ Open House dates set prior to auction
Posted: 10-3-2008 Double JJ Open House dates set prior to auction Golf course is included in sale With an Oct.
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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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