Adams, WI Divorce Buyout in Wisconsin
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 Wisconsin, 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 WI
| Adams, Wisconsin News |
Adams Co. clerk candidates discuss communication
There will be two contested races in Adams County during Tuesday's primary election.
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Motorcycle crash leaves driver dead in Adams County
A Sunday night motorcycle crash leaves an Illinois man dead. Danny Post, 27, was pronounced dead at UW Hospital after being transported by ambulance to an area hospital and, ultimately, airlifted to Madison.
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Photo gallery: Adams football practice
TOM LOUCKS/DAILY TRIBUNE Steve Baumel of the The Adams-Friendship Green Devils works with the offense on running plays during practice Thursday in Adams.
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Volunteer opportunities
One of the goals of United Way of Inner Wisconsin's Volunteer Center is to recruit and match volunteers for nonprofit organizations needing your help in south Wood and Adams counties.
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Campus news
Several area students have graduated from Western Technical College in La Crosse.
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Adams Co. man dies when tree lands on him
A 61-year-old Colburn man was found dead on his property after a tree landed on him.
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Warren A. Watson
Warren A. Watson, 55, of 2324 13th Lane, Friendship, died Saturday morning, Aug.
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Clive Lee Perschke
Clive Lee Perschke, 68, of 211 North Pine St., Adams, died at home Monday, Aug. 4, 2008, of natural causes, following a lengthy illness with coronary and peripheral artery disease.
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Farm & Fleet opens in Verona WSJ
Patrick Pegelow, of Noyce Painting in Madison, was among those working this week to finish up the Verona Farm & Fleet for its opening today.
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Loans available for flooded businesses
The United States Department of Agriculture has awarded Central Wisconsin Community Action Council Inc.
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Federal assistance for flooding coming to Adams community center
A Federal Emergency Management Mobile Disaster Recovery Center will be at the Adams County Community Center from July 30 through Aug.
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Schools not going the way of the paper mill
By Barry Adams 608-252-6148 badams@madison.com PORT EDWARDS -- There isn 't much of a downtown business district here, and the paper mill that built this central Wisconsin community of about 2,000 people is ...
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Illinois Man Drowns in Adams County
According to a news release from the Adam's County Sheriff's Department: On Friday, July 4, 2008 at 6:27 p.m. the Adams County Sheriff's Department received a report of a possible drowning incident at Northern ...
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Fourteen counties eligible for federal aid
President Bush has declared 14 Wisconsin counties eligible for federal aid to recoup flood-related public expenses, Gov.
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North Central Region road construction update
The Wisconsin Department of Transportation is providing a weekly update on road construction in North Central Wisconsin, which includes the counties of Adams, Florence, Forest, Green Lake, Iron, Langlade, ...
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update on storm damage
Oshkosh still is in a State of Emergency after more than six inches of rain fell in the city Thursday night, local officials said Friday morning at about 11 a.m. The city has experience significant flooding ...
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Blog: County By County Flood Coverage
Thirty Wisconsin counties are under a state of emergency Monday night due to severe storms and flooding that swept through the state this weekend.
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Residents Contend With Widespread Flooding, Tornado Damage
The spring storms that plowed through the southern part of Wisconsin this weekend produced torrential rains and some tornadoes, leaving behind extensive flooding and damage that's prompted sporadic evacuations.
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Floods wreak havoc in south central Wis.
While this weekend's rains caused flooding in the southern half of Adams and Juneau counties, Wood County avoided the worst of the problems.
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Severe Weather Pounds Southern Wisconsin
A State of Emergency has been declared for Sauk County. Sauk County has experienced a tremendous amount of rain and damage as a result.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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