Los Lunas, 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
| Los Lunas, New Mexico News |
More Questions Raised In Abandoned Dog Case
On Saturday, Robert Trujillo contacted KOAT after he heard the cries of abandoned dogs just feet away from his home in the Meadowlake subdivision in Los Lunas.
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Abandoned dogs fight for life
THANKSGIVING WEEKEND IN A SMALL COMMUNITY NEAR LOS LUNAS... THREE ABANDONED DOGS AND THEIR PUPPIES ARE FIGHTING TO STAY ALIVE.
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Luna Mansion serving last meals
Luna Mansion, a restaurant formerly the home of the founding family of Los Lunas, is closing its doors.
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Memories of northern New Mexico flavor book
Growing up in northern New Mexico, Linda Jaramillo Hughes learned many different things from many different people, but the traditions of her heritage and culture has been the most influential.
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Charges of sexual exploitation against children filed in LL
A Los Lunas man is in jail on charges including sexual exploitation of children after police found what they believe was a large amount of child pornography in his home.
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A Pyrrhic Victory for Embattled Father
We've previously discussed the injustice of the Mark Huddleston adoption case. In my co-authored column Anna Nicole Dispute Shows System's Flaws I wrote: [I]n the highly-publicized Huddleston case in ...
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Belen, Los Lunas MVD Offices Evacuated Due To Bomb Threat
Belen Police Department officials said the Motor Vehicle Division and Human Resources Building at Fifth and Becker streets in Belen is being evacuated afternoon and they are sending dogs through the building ...
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Socorroans Get To Keep Hometown Theater After All
The old Loma Theatre on Manzanares Avenue is now a part of Socorro's rich history, but locals will soon be able to take in a movie without driving to Los Lunas. The New Loma Stadium Cinema will take the place of the older movie house. It is undergoing renovation to transform the theater into a state-of-the-art stadium cinema. First State Bank of Socorro owns the building and the renovations are a result of a partnership between bank CEO Holm Bursum and Todd Bloomhuff of Bloomhuff Entertainment Inc.
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Steve M. Aragon
Steve Mark Aragon, 57, a long time resident of Socorro, N.M., passed away Tuesday, Nov. 11, 2008, as a result of a tragic motorcycle accident in White Oak, N.M. He was born Oct. 1, 1951, in Magdalena, N.M., to Jacobo and Rufina (Armijo) Aragon. Steve was an employee of NRAO/VLA for the past 30 years. Steve enjoyed cycling with his family and friends. He was preceded in death by his parents; and his brother, Luis Aragon. Steve is survived by his wife, Louise Gutierrez Aragon, of the family home; son, Jason Aragon, of Socorro; seven brothers: Robert Aragon and wife, Beulah, of Albuquerque, N.M.; Roy Aragon and wife, Grace, of Albuquerque; Pat Aragon and wife, Loretta, of Los Lunas, N.M.; Art Aragon and wife, Elaine, of Bosque, N.M.; Eugene Aragon of Belen, N.M.; Carlos Aragon and wife, Rose, of Magdalena; and Gilbert Aragon and wife, Vangie of Harwood, Texas.
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Jury reaches verdict in abuse case
A Los Lunas jury has found a couple guilty of four out of eight charges, including kidnapping and conspiracy to commit child abuse.
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Testimony Begins In Child Abuse Trial
A couple charged with repeatedly abusing their own children went on trial in Los Lunas Wednesday.
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Matanza: The tale of a tradition
Can a tradition change and still remain a tradition? According to Dr. Maggie Espinosa McDonald, it can.
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Defense says 'abused' children hurt themselves
The court saw photos of the girl's arm injuries. Below, the parents sit in court Thursday hearing testimony Prosecutors say the parents of a 13-year-old and 9-year-old tied their kids up for days on end, ...
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Alleged abuse victims testify
Sarah Burton Hepple, left, and Matthew Hepple listen in court Nov. 12, 2008. The two are charged with severely abusing Sarah Burton Hepple's children.
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Traffic stop ends in DWI, rape charges
A Valencia County Sheriff's detective was on his way to work Friday morning when he spotted what looked like erratic driving and ended up arresting a rape suspect.
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Los Lunas Residents Complain About Cracks In Homes
Some homeowners in Los Lunas are upset with their nearly new homes. They say cracks are cropping up.
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Gross receipts taxes pass
The ballot boxes have been collected and the candidates have thanked their supporters, as another general election has come to an end.
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Local city, school libraries would benefit from bond
Valencia County voters will help decide the fate of an $11 million statewide initiative Tuesday that would bolster funds for public, school, tribal, and college and university libraries.
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Tinsley Failed Test As A Businessman
To the Editor: As a former employee of Congressional candidate Ed Tinsley, I'm concerned about what would happen if we elected him to represent us. Ed Tinsley likes to present himself as a compassionate and fair businessman. I worked at the K-Bob's steakhouse in Los Lunas during the summer of 2006 that was owned by Ed Tinsley (it was not a franchise) and I know he is not compassionate or fair. Two of my co-workers and I were not paid for work that we performed. To this day, we still have not been paid the $600 worth of work we each performed during that summer. We reached out to Ed Tinsley personally, hoping he would help us resolve this.
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New Mexico GameDay, October 31 - Part 2
SOCCER CHAMPIONSHIPS.. IN CLASS FIVE-A.. LOS LUNAS GOT BLANKED BY LA CUEVA AND THEY PUT UP THE ONLY GOAL AGAINST MAYFIELD TODAY .. BREANA GALLEGOS WITH THE BALL.. GOES RIGHT FOR THE CORNER.. THAT'S ALL ...
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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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