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Divorce Buyouts
Debt Consolidation
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La Plata, 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
| La Plata, New Mexico News |
Pollution is shrouding the Four Corners
My husband and I just returned home to Aztec from a wonderful trip to the Bosque del Apache near Socorro.
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Low-cost firewood available from BLM
People who appreciate the ambience of a warm fire have the chance to get low-cost firewood from the Bureau of Land Management.
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New La Plata drilling regs passed; effect on N.M. uncertain [9:30 a.m.]
La Plata County Commissioners unanimously passed a new set of regulations Monday night determining how oil and natural gas producers should interface with landowners.
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Rattlers abundant in San Juan Co.
Some people in the four corners area rattled. They're crossing paths with rattlesnakes more and more often even though it's already November.
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La Plata Mine reclamation nearly complete
Six years in scope, BHP Billiton's La Plata Mine reclamation project is within months of completion.
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La Plata man accused in two domestic attacks
A La Plata man Monday pleaded not guilty in state district court to choking his wife and threatening her with a knife.
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Around New Mexico
Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture.
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Animas-La Plata water project moves to NM
The Animas-La Plata Project in Colorado is opening its floodgates. The progress means the Navajo Nation can begin building a 29-mile pipeline that will more than quadruple the water supply for residents.
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Affecting the herd: Single sick animal could cost cattle growers up to $4 million
The timing of a recent statewide classification affecting San Juan County cattle growers couldn't be worse.
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Officials break ground on Navajo Pipeline
GloJean Todacheene remembers using a bucket to haul water to her home in Two Grey Hills.
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Man accused of holding machete to friend's throat
Felony charges accusing a 58-year-old La Plata man of trapping a friend in his bedroom and holding a two-foot knife to the woman's throat were forwarded to state district court Thursday.
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Silver-area districts get mixed marks on "No Child' test requirements
Despite growing challenges to meet adequate yearly progress standards called for under the federal No Child Left Behind Act, Grant County's schools are making gains.
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Taking care of our environment
It's all about preserving and protecting our natural resources. The River Reach Foundation in San Juan County has spent years creating a riverfront environment that showcases the Animas, San Juan and La Plata ...
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Four Corners Hosts Tale Of 2 Airports
Some are calling it a tale of two airports in the Four Corners. The Durango La Plata airport officials said they're having their best year ever while Farmington's Four Corners Regional Airport only has one ...
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Memorials to DWI victims come to county roads
"Everyone knows you're not supposed to drink and drive, but it doesn't seem to make a lot of difference" Expect to see portraits of the victims of drunken driving accidents posted soon at numerous key locations throughout San Juan County. via Farmington Daily Times
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Animal abuse lands La Plata woman on probation with hefty fines
"The condition of these horses was not something that happened in two days or two weeks. This was long-term neglect." A La Plata woman accused of neglecting several horses and llamas in January, several of which later died, was sentenced to five years probation in district court this week after pleading guilty to reduced ... via Farmington Daily Times
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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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