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Alcalde, NM Divorce Buyout in New Mexico

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 New Mexico, 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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Alcalde, New Mexico News
Utah bail bondsman lands behind bars

A bail bondsman is in trouble with the law. And for now, he is the one who needs help to post bail.


Family: Immigrant a scapegoat in Susannah Chase murder

Diego Olmos-Alcalde, the suspect in the 1997 slaying of Susannah Chase in Boulder, Colo., speaks to an attorney at his first appearance at the Boulder County Jail in Boulder, Colo.


N.M. researchers hope to cultivate 'calming herb'

This photo provided by Charles Martin shows a crop of yerba mansa at the demonstration plot at New Mexico State University's Sustainable Agriculture Science Center in Alcalde, N.M., on June 12, 2008.


N.M. researchers hope to cultivate `calming herb'

The plant has been described by local residents as magical, its qualities almost mythical.


Open field day scheduled at Alcalde agricultural science center

Growers and home gardeners can learn about ways to increase production year round and maximize sales at farmers markets during a public field day Aug.


NM experts hope to cultivate Southwest herb

New Mexico researchers are looking into how to cultivate a popular Southwest herb called yerba mansa.


District Attorney Race: Salazar reports raising more than $27,000

First Judicial District Attorney candidate A.J. Salazar of Alcalde raised more than twice as much money for his campaign than his two Democratic rivals for the job, according to reports filed this week with the ... via Santa Fe New Mexican


Mystery dance in New Mexico

This Dec. 28, 2003, image provided by New Mexico Arts shows a Matachines dancer performing in Alcalde, N.M. The ancient and colorful Matachines dance is a fixture in small villages and is depicted on Indian ... via Deseret Morning News


Matachines dancers make history

"Nine Matachines dance groups have committed to perform at this point including groups from Bernalillo, Tijeras, Tortugas, Alcalde, C-chiti, Jemez, Picur's, a Yaqui group from Tucson, and a Raramuri (Tarahumara) group from the Sierra Madres in Mexico"

Las Crucens who are part of an ancient sacred heritage will help make history this month when they join what is reportedly the largest-ever gathering of Matachines dance groups from the Southwest on May 16 and ... via Las Cruces Sun-News


Salazar in fight for safer tomorrow

"After I'm elected, I want to hold a Public Safety Summit for the region"

Law and order: Local District Attorney's Office opened Los Alamos County and the district attorney for the First Judicial District have completed a memorandum of understanding Monday, paving the way for a ... via Los Alamos Monitor


Governments spend big bucks on lobbyists

"I help them where they need help."

Government agencies in San Juan County spent more than $359,000 of taxpayer money in 2007 on professional lobbyists to bring more money back from state and federal governments. via Farmington Daily Times


Tourism Dept. seeks proposals

"These financial awards help communities make things happen, which in turn helps stimulate tourism statewide."

The New Mexico Tourism Department is once again soliciting proposals for its Cooperative Marketing Program -- which puts needed funds in the hands of community outreach organizations seeking help in promoting ... via Hotel Online


Commission expands Gila trout fishing

The State Game Commission expanded opportunities to fish for Gila trout, elected new officers, and rejected a proposal to limit the number of flies anglers can use on a single line at its meeting Feb. via Carlsbad Current-Argus


McCain Says 'Shame' On New York Times

"The lobbyist, a partner at the firm Alcalde & Fay, represented telecommunications companies for whom Mr. McCain's commerce committee was pivotal. Her clients contributed tens of thousands of dollars to his campaigns"

During John McCain's first presidential run eight years ago, advisers became concerned over the Arizona senator's relationship with a female lobbyist, The New York Times reported Wednesday. via KOAT.com


Mobile livestock slaughtering unit solves transport issues

The closure of a meat processing plant in Mora, which took a big bite out of profit margins of northern New Mexico ranchers who found themselves transporting livestock hundreds of miles for slaughter, has led ... via Bizjournals


Police notes

The Santa Fe Police Department is investigating the following reports: Police arrested Aaron Rudsill, age unavailable, 500 N. Guadalupe St., on Wednesday and charged him with aggravated assault and possession ... via Santa Fe New Mexican


State to buy historic Rio Arriba County ranch

The state Department of Cultural Affairs has agreed to buy the historic Los Luceros ranch near Alcalde for $2.5 million. via KOB-TV


Take DNA after arrest

"And that violates American values."

From Diego Olmos-Alcalde, charged a decade after the murder of Susannah Chase in Boulder, to Tim Masters, released after a decade in prison for a murder he apparently did not commit, to Friday's announcement of ... via Rocky Mountain News


Annual organic farming conference slated for Feb. 29 in Albuquerque

"For some family-scale farmers, organic transition provides the revenue farmers need to continue farming the land their families have cared for over generations"

ALBUQUERQUE NM 1/17/2008 Organic farming is growing in New Mexico. The 175 state-certified organic farms and ranches have estimated annual gross sales of $30 million. via Native American Times


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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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