Auburndale, 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
| Auburndale, Wisconsin News |
Daily records
* At 12:50 a.m. Wednesday, a 50-year-old Arpin woman reported the theft of $1,200 from the 6100 block of Main Street. * James T. Lammar and Lynn M. Gavigan, both of Sherry, Sept. 6. * Randal C. Boehm, Saratoga, and Judith A. Edwards, Wisconsin Rapids, Sept. 6. * Wayne A. Bartlett and Carol A. Kruse, both of Wisconsin Rapids, date unavailable. * Edward M. Radlinger and Geneva J. Freund, both of Wisconsin Rapids, Sept. 20. * Dennis L. Todd and Lori A. Todd, both of Pittsville, Aug. 12. * Brionne C. Schertz, Milladore, and Melissa M. Schertz, Auburndale, Aug. 12. * George A. Rosplock Jr., Vesper, and Candace C. Rosplock, Wisconsin Rapids, Aug. 27. The following people were sentenced to jail, had their driver's licenses revoked, were fined and/or ordered to undergo an alcohol assessment for drunken driving: * Gilbert R. Davis, 43, Wisconsin Rapids; 90 days in jail with work release, 27-month revocation and $1,937 fine for drunken driving and operating a motor vehicle with a revoked driver's license. * Anna L. Truchinski, 18, Wisconsin Rapids; six-month revocation and $677. * Gary T. Condecon-Schwingle Jr., 22, Marshfield, was sentenced to four yeas in prison with credit for 135 days already served, placed on four years of extended supervision and ordered to pay $246 for revocation of probation for bail jumping, possession of marijuana as a subsequent offender and being a party to the crime of possession of cocaine with intent to deliver. u Shannon M. Lafler, 24, Wisconsin Rapids, had her driver's license suspended six months and was ordered to pay $539 for possession of marijuana. A charge of possession of drug paraphernalia was dismissed. * Joseph A. Weinfurter, 22, Pittsville, was ordered to pay $287 for disorderly conduct.
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Map points way to fresh, home-grown produce
Rising food costs and recent vegetable recalls have some residents looking for ways to buy from local sources.
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Many helped United Way to give backpacks, supplies to children
Editor: The Marshfield Area United Way, volunteer Center and the Marshfield Clinic Center for Community Outreach-Youth Net Program, would like to thank the Marshfield area for their generosity.
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Ground Water And Wells To Be In Spotlight On National TV Network
The public will learn how to be good stewards of ground water and wells in a show sponsored by the National Ground Water Association September 8 on the RFD-TV Network available nationwide through cable and ...
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New leaders guide Lincoln High School
After 17 years of consistent leadership, Lincoln High School is about to embark on a new era within its administrative ranks.
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Grimm families reunite in Arpin
The annual family reunion of the families of the late Charles and Verana "Fannie" Grimm was held Aug.
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Police/courts
Cameron At 1:09 p.m. Tuesday, a car driven by Courtney R. Trampush, 19, Marshfield, and a car driven by Timothy M. Brooks, 46, Waukesha, collided at the intersection of Highway 13 and Highway BB.
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Woman gets year in prison for violating probation
A Wood County circuit court judge revoked a 46-year-old Auburndale woman's probation after she was recently convicted of stealing money from St.
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Jim Meyer works on the student handbook on Wednesday. Laura Schmitt/Marshfield News-Herald
As a passionate educator rooted in work ethics gleaned from his farm-boy upbringing, Jim Meyer, the new principal of Auburndale High School, might be considered something of a workaholic.
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ACT scores show work needed
More than two-thirds of college-bound high school graduates would need remedial course work in at least one subject to succeed in college-based on their ACT scores.
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Police/courts
Saratoga At 4 p.m. Monday, a sport utility vehicle driven by Jeanne S. Tesch, went out of control on Highway 13, near Town Line Road, struck the curb and overturned.
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Auburndale class gathers for 61st reunion
Sixty-one years is a long time to maintain the thread of friendship among a group of 22 people.
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Campus news
Scholarship recipients EAU CLAIRE -- Fifty-four students who will attend UW-Eau Claire in the fall have received Freshman Honor scholarships for the 2008-09 academic year.
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Students to hold fundraiser
A brat fry for the benefit of Nicole Johnson will be held from 11 a.m. to 7 p.m. Friday, Aug.
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Strigel family gathers for reunion
Descendants of the Michael and Bartl Strigel families held a family reunion on July 19 at the Auburndale Lions park and shelter house.
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Town of Milladore plans to reinstate fire dept. contract
The town of Milladore board unanimously decided to work towards reinstating its contract with the Sherry Volunteer Fire Department and First Responder Services, which was abandoned last winter, Monday at its ...
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Daily records
* Javier D. Vallejo, 23, Auburndale, was sentenced to 10 days in jail with work release and fined $728 for operating a motor vehicle without a license. * Alice L. Knapp, 32, Marshfield, was fined $435 for operating a motor vehicle without a valid driver's license. * Jessie R. Schmidt, 31, Marshfield, was sentenced to 30 days in jail with work release and fined $602 for operating a motor vehicle after revocation. * Justin M. Johnson, 20, Wisconsin Rapids, was fined $287 for disorderly conduct. * Dustin A. Yetter, 22, Wisconsin Rapids, was sentenced to four years of probation, and ordered to pay $853 and $2,434.08 in restitution, and undergo any counseling deemed necessary for burglary of a trailer, felony bail jumping, criminal damage to property and disorderly conduct. Five counts of felony bail jumping, one count of disorderly conduct, and one count of criminal trespass were dismissed and read into the record. * Triston D. Carter, 24, Wisconsin Rapids, was sentenced to 45 days in jail, fined $564, and had his driver's license suspended six months for marijuana possession. * Lee E. Becker, 24, Wisconsin Rapids, was sentenced to three years of probation, 60 days in jail with work release, and was ordered to pay $1,506, and undergo any counseling deemed necessary for two counts of felony intimidation of a victim. One count of disorderly conduct, and one count of misdemeanor bail jumping was dismissed and read into the record. The following people were sentenced to jail, had their driver's licenses revoked, were fined and ordered to undergo an alcohol assessment for drunken driving: * Jason R. Greeno, 33, Nekoosa; $740 and seven-month revocation. * Benjamin F. Kuhn, 27, Wisconsin Rapids; $803 and seven-month revocation. * Tyler A. Young, 22, Wisconsin Rapids; 60 days in jail with work release, $1,335, 27-month revocation and attend victim impact panel. * Brian K. Matke, 43, Stevens Point, 18 months in prison, 24 months of extended supervision, $2,988, 36-month revocation, provide a DNA sample, and maintain absolute sobriety. One count of operating a motor vehicle with a revoked license was dismissed and read into the record.
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Town & Country column: Tourism depends on friendly people
I spend two days each year at the Wisconsin State Fair in West Allis at the Wood County Tourism Booth.
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Yesterday in Marshfield
10 YEARS AGO: Honor students at the University of Wisconsin-Stout receiving the Chancellor's Award were Ethan Ably, Jerry Bennington Jr. and Gina Charron, all of Marshfield; Larry Looker of Mosinee; Rachel Ratsch and Kari Haumschild, both of Greenwood; Jennifer Austin of Auburndale; Eric Erpenbach of Neillsville; Ryan Looker of Owen; Kim Nienow of Edgar; and Tiffany Weyer of Loyal. 25 YEARS AGO: A new administrator will begin working in the Loyal School District on Aug. 1. Lawrence Lampso, administrator of Elco School District since 1978, has been hired by the school board to replace Ralph Schober, who resigned July 1. 50 YEARS AGO: Another American institution, the 3-cent stamp for letters, made its last stand July 27, giving way to the 4-cent stamp at midnight, July 28. At the Marshfield Post Office, Postmaster Arthur J. Reeths reported a 'Christmas' rush in July as businesses were getting out monthly statements early to utilize the 3-cent rate for the last time. 75 YEARS AGO: John J. Wotruba has been appointed acting postmaster of Milladore by President Roosevelt, according to word received from Washington.
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Daily records
Nathan G. Strehlau and Candace M. Koeppel, both of Wisconsin Rapids, Aug. 9. Matthew A. Susa, Vesper, and Angela R. Brock, Hansen, Aug.
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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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