Jal, 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.
Return to divorce buyout in the state of NM
| Jal, New Mexico News |
Asbill wants to fence 'Dead Cow Road'
A 2007 legislative appropriation of $125,000 for 26 miles of fencing along a county road is not enough to get the job done.
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Halloween not cancelled, just postponed
There is not anything to be done officially, but the Carrizozo council heard a courtesy request from the school asking Carrizozo residents to respond to trick-or-treaters Saturday night, Nov.
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18-Wheeler Crash Leaves Five Injured, One in Life Support
CBS 7 Staff October 23, 2008 A New Mexico man is fighting for his life at an Odessa hospital after a terrible crash in Jal yesterday.
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Jal 18-Wheeler Crash, Six People Injured
CBS 7 Staff October 22, 2008 - Six people are seriously hurt after an 18-wheeler t-boned a pickup truck near the intersection of Highway 128 and Highway 18.
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Fall Freeze Data for Many New Mexico Cities
The growing season across New Mexico varies considerably, due to the large variation in elevation.
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- Fortress on the Plains'
HOBBS, N.M. While the Permian Basin gets to see it's air show for one weekend a year, Hobbs is getting a permanent taste of aviation history.
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Josefa Lopez Martinez
JAL Josefa Lopez Martinez, 63, died Saturday, Sept. 13, 2008, in Odessa. Rosary will be said at 7 p.m. Tuesday at St.
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Alamogordo police logs
Nathan Long, 19, of 602 S. Florida No. 20, was arrested on allegations of two counts of attempt to commit a felony, two counts of criminal damage and minor allowing self to be served.
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Deputies offered bonuses
' Lea County sheriff's deputies who live in Eunice, Jal or Tatum could get an extra $100 monthly bonus for living in the small towns.
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Lopez, Jones headline second New Mexico Shootout
Top female golfers will return to the state for the second New Mexico Shootout on Sept.
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Animal cruelty bill in works
Do a Ana County Sheriff's Department officials appeared before state lawmakers Wednesday, asking for tougher animal cruelty penalties in the state.
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In brief: Ohio man charged in '07 slaying of Jal man
An Ohio man living in Eunice has been arrested in the death last year of a Jal man.
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Skillet concert draws large audience
Nearly 50 teenagers came forward to make life changing decisions, making the choice to turn away from negative lifestyles, and embrace a positive life with God.
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Jal has new mayor
About a month after creating the city manager position, Jal also has a new mayor.
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Jal has new mayor
Alton Dunn, a Jal city councilor and mayor pro-tem, is the new mayor of the southeastern New Mexico city.
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Clovis task force to review animal euthanasia
Kevin Wilson: Freedom Newspapers Clovis is creating a task force to work on controlling the pet population.
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Jal man killed in traffic crash
A Jal man has been killed in a traffic crash on New Mexico 18 near Eunice. State police identify him as 43-year-old Enrique Duran.
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New Mexico Man Found Dead In Car
New Mexico state police say 59 year old roger D. Fletcher was found dead in his vehicle just before noon yesterday on a dirt access road near Deep Wells Road.
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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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