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Avon, MN Divorce Buyout in Minnesota

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 Minnesota, 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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Avon, Minnesota News
Kevin Hennen, Jessica Abeln-Munsterteiger

Kevin Hennen and Jessica Abeln-Munsterteiger were married Sept. 13, at The Landing, St.


Little jar yields years, ovens full of bread

AVON - A little piece of family history lives in Eva Beutz's refrigerator in Avon.


Events etc

Aunt Annie's 109 Avon Ave. S, Avon Radoslav Lorkovic. 8 p.m. Friday. Doors open at 7:30 p.m. Lorkovic plays piano and accordion, blues, jazz, country and soul.


Ketola to headline 30th Mayor's Prayer Breakfast

Mayors from area communities will gather Thursday morning at the St. Cloud Civic Center for the 30th annual Mayor's Prayer Breakfast.


Events etc

Aunt Annie's 109 Avon Ave. S, Avon Radoslav Lorkovic. 8 p.m. Nov. 21. Doors open at 7:30 p.m. Lorkovic plays piano and accordion, blues, jazz, country and soul.


Avon Police purchase vehicle from DWI forfeiture funds

The Avon Police Department recently purchased this 2003 Ford Expedition using exclusively DWI forfeiture funds.


History: Handkerchiefs have history

Handkerchiefs resonate with meaning for those born before the introduction of Kleenex and other brands of facial tissues.


Francis and Karen Schellinger, 40 Years, Avon

Francis and Karen Schellinger, 31335 Kalla Lake Road, will celebrate their 40th wedding anniversary Nov.


Two Avon residents hurt in head-on crash

Two people were taken to the hospital today after a head-on collision. The collision was reported at 2:05 p.m. Thursday at Stearns County Roads 9 and 52.


Jennifer Koester, Paul Kremers

Merlin and Bernice Koester of Holdingford, announce the engagement of their daughter Jennifer Koester to Paul Kremers, son of Marvin and Elaine Kremers of Avon.


Events, Etc.

Aunt Annie's 109 Avon Ave. S, Avon Acoustic Guitarist Brooks Williams. 7:30 p.m. Saturday.


Leah Ebensteiner, Dustin Reding

Duane and Elaine Ebensteiner of Albany, announce the engagement of their daughter Leah Ebensteiner to Dustin Reding, son of Ricky Reding of Avon and Karen Schwinghammer of Hanska, MN.


Events, Etc.

Aunt Annie's 109 Avon Ave. S, Avon Kelly Joe Phelps. 8 tonight. Tickets cost $15. Details or tickets: 320-356-1061, stop at Aunt Annie's, or mail to Box 359, Avon, MN 56310.


The Hot Five

Get out of town and enjoy the autumn leaves at their peak. CREAMERY RESTAURANT New ownership has breathed new life into this rural looker, where chef Brian Griep, relies upon locally raised ingredients for ...


Your turn: Speed bumps deter community fitness

This is a copy of a letter sent to Stearns County Highway Department. It also was presented to the Collegeville Township supervisors at the Sept.


Festival enjoys 2nd year back in St. Joe

ST. JOSEPH - From walleye fingers and watercolors to popcorn and pastels, there was something for everyone Sunday at the 2008 Millstream Arts Festival.


Lois and Andrew Solinger, 50 years, Avon

Andrew and Lois Solinger, rural Avon, will celebrate their 50th wedding anniversary Oct.


Matthew Loehlein, Janelle Heitzman

Gerald and Mary Heitzman, 15845 County Road 151, Avon, announce the engagement of their daughter, Janelle, to Matthew Loehlein, son of Ray and Patty Loehlein, 26 Third Ave.


Michael Traut, Rebecca Kollar

Rebecca Kollar and Michael Traut were married Aug. 15 in Avon. Richard Ahles officiated.


Local reads: Check out books by local authors

Editor's note: "Local reads" runs the last Sunday of each month on the books page.


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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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