Almena, WI Divorce Buyout in Wisconsin
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 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
| Almena, Wisconsin News |
Barn saved southwest of Almena
The Almena Fire Department was called out to a barn fire at the Alfred and Joyce Becker farm southwest of Almena Sunday morning.
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Incinerator faces $42,000 fine after failing emissions test
Loader Jeff Collier, of Barron, pushes trash into a pile at the Barron County Waste-to-Energy plant in Almena.
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Former Turtle Lake wrestling coach sentenced for sexual assault
A former Turtle Lake wrestling coach was sentenced to 60 days in jail for sexually assaulting a 15-year-old girl at the high school.
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New staff ready to meet VSO challenges head-on
New VSO Scott Bachowski of Rice Lake, front, has been joined by secretary Kathy Harland, left, of Almena, and Assistant VSO Dawn Anderson, of Chetek.
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Fall in equalized value has bright side for taxpayers
A 0.05-percent decrease in equalized value in Barron County has signaled the end of a golden era in the county's economic history.
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Circuit Court as of
Brandon G. Brekke, 25, of Clayton. Disorderly conduct. Fined $249. Adam C. Casperson, 19, of Neenah, Wis.
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Barron County Circuit Court as of
Kenneth L. Bergman, 53, of Barron. OWI ; vehicle operator eluding an officer. Sentence of 3 years in prison with 5 years of extended supervision and 36 months of license revocation imposed and stayed; 5 years ...
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Child assault charges filed against former Turtle Lake coach
Preliminary hearing proceedings are scheduled today in Barron County Circuit Court for an Almena resident facing two counts of sexual assault of a child.
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House Explodes on Upper Turtle Lake
On Thursday, July 24, at approximately 9:15 p.m. the Barron County Sheriff's Department started receiving reports of a significant explosion in the Turtle Lake area.
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Explosion disintegrates vacation home
A vacation home situated on the west side of Upper Turtle Lake was leveled in a major explosion just after 9 Thursday evening that wrought devastation to nearby residences and was reportedly heard up to 20 ...
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Focus is on horses
The Northwest Wisconsin Graziers Network will host a pasture walk focused on grazing horses starting 10 a.m. Saturday, Aug.
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Explosion flattens one cabin, damages several others in western Wisconsin
An investigation is under way into an explosion that leveled a cabin and damaged several others in western Wisconsin last night.
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Blast Felt for Miles
"Boom. A bomb, a bomb and whoosh it was gone," remembers Sonja Buckman, who lives just a few block away from the home that exploded Thursday night on Turtle Lake.
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Man charged in burglaries, theft of truck, jail fight
A 20-year-old Oshkosh, Wis., man has been charged this week with several felony and misdemeanor charges ranging from burglary to stealing a vehicle to fighting with a jail inmate.
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Explosion Destroys Barron County Home, Damages 5 Others
A fire official says no one was hurt when an empty vacation home exploded in western Wisconsin, damaging at least five other cabins.
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Explosion Levels Cabin In Western Wis.
A fire official said no one was hurt when an empty vacation home exploded in western Wisconsin, damaging at least five other cabins.
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Winners of crop shows announced
The 2008 Barron County Fair Crop and Forage Tent featured a total of 230 entries, including 68 in Junior class crops, 122 in open class and 40 open class fruits and vegetables.
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Kayla S. Evenson
Kayla S. Evenson, 19, Turtle Lake, Wis., died Sunday, July 13, 2008, at Cumberland Memorial Hospital.
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Man charged with unemployment compensation fraud
An Almena man has been charged in Barron County Circuit Court with six counts of unemployment compensation fraud that allegedly occurred between March 2007 and February 2008.
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Hundreds turn out to help clean up in Hugo
Hundreds of volunteers turned out in Hugo to help clean up debris from last Sunday's tornado.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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