Anthony, NM Divorce Buyout in New Mexico
Since 1979 Somerset Mortgage Lenders 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.
Return to divorce buyout in the state of NM
| Anthony, New Mexico News |
Alamogordo police logs
A 15-year-old boy was arrested on a drug court detention order. The juvenile was turned over to Otero County Detention Center staff for incarceration at a juvenile facility.
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Commuter Delays Expected In Highway Construction Project
A heavily traveled New Mexico highway that runs between Anthony and Chaparral is slated to get a new surface next week.
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Suspected arsonist on the lam in Dona Ana County
Dona Ana County Sheriff's Department officials were called out shortly after 2 a.m. Wednesday to assist in a house fire that has reportedly spurred an arson investigation and a hunt for an alleged arsonist.
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Top chefs cook up benefit for Dress the Child
Help kids in need get a brand new wardrobe - in some cases the first they've ever had - and help yourself to some gourmet goodies at the same time at the Dress the Child Benefit Dinner.
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Local delegates excited about convention trip
The enthusiasm in Pam Wolfe's voice was infectious. Wolfe, of Las Cruces, was busily taking care of last-minute details Friday in preparation for today's departure to the Republican National Convention.
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Anthony mayor follows suspect in copper theft
Anthony police and Dona Ana County sheriff's deputies received unexpected help from the town's mayor Thursday morning to catch an alleged copper thief.
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A plum job, Ben
Ben Martinez was too tired to be a hero. After a long, busy Saturday working at Las Cruces' Save Mart grocery store on Valley and Hadley, the 48-year-old meat cutter chucked his apron in the hamper.
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'Prospect' pleads in conspiracy case
A so-called "prospect" of the Aryan Brotherhood, a man doing time in prison for auto theft and battery, pleaded guilty in federal court to conspiracy to murder former Otero County Sheriff's Deputy Billy Anders.
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Indictments
The following indictments were returned by a 3rd Judicial District Court grand jury on Aug.
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Indictments
The following indictments were returned by a 3rd Judicial District Court grand jury on Aug.
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Anthony, N.M. Businesses Vandalized
Dona Ana County sheriff's deputies are looking for a man who vandalized an ATM machine and stole from two overnight drop boxes in Anthony, N.M., using a stick-like object.
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Anthony, N.M., pizzeria downgraded by health inspectors
A pizzeria in Anthony, N.M., has been downgraded by health inspectors. Great American Pizza, 880 N. Anthony Drive, was downgraded to "unsatisfactory" Tuesday by the New Mexico Environment Department after ...
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Ant bite turns out to be gunshot wound
What was thought to be an "ant bite" turned out to be a gunshot wound, according to sheriff's investigators.
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Saturday: Teague to Tour Southern Dona Ana County
From the Harry Teague for Congress campaign: Harry Teague, the Dem nominee in NM-02, will tour Southern Do a Ana County on Saturday.
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Sheriff's Department Sub-Station Tagged, Graffiti Remains
Even though 26 days have passed since the Sheriff's Department's Anthony Sub-station was tagged, the graffiti is still there.
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-- Female Truck Driver Tries To Flee Cops
State Police use stop sticks to bring woman's 18-wheeler to a halt near Las Cruces.
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"Ant Bite" Turns Out to be Gunshot Wound
What was thought to be an "ant bite" turned out to be a gunshot wound on Friday night, August 8, at 11:30 p.m. Dona Ana County Sheriff's deputies responded to reports of two alleged gunshot sounds near the 450 ...
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Records indicate different motives in fatal Anthony beating
Court records offer two possible motives for the confrontation that lead to the beating death of an Anthony, N.M., man: that the victim had a previous conviction for attempted child molestation and the ...
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Elderly Anthony New Mexico Man Beaten To Death
Monday, August 11, 2008- An Anthony, New Mexico man has died seven days after he was beaten and his family says they know why it happened.
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MVEDA head ends run in Las Cruces
Today, Steve Vierck enters his final week as president and CEO of the Mesilla Valley Economic Development Alliance.
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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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