Balsam Lake, 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
| Balsam Lake, Wisconsin News |
Balsam Lake, Wis. / Old jail is reborn as haven for homeless
The old Polk County Jail has gotten a few upgrades recently: Its cells are now furnished bedrooms, inspirational placards cover the cells' slots, and the gun safe is now a magazine rack.
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Incumbents hold on in western Wisconsin
Western Wisconsin incumbent lawmakers appeared to be faring much better than many candidates for federal office Tuesday.
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Western Wisconsin voters to decide 3 Assembly seats, 1 state Senate seat
Western Wisconsin voters will go to the polls Tuesday with a ballot full of local, state and federal choices.
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GAM possible sale goes to Supreme Court
GAM possible sale goes to Supreme Court Gregg Westigard 22.OCT.08 BALSAM LAKE - Polk County will take the Golden Age Manor sale issue to the Wisconsin Supreme Court.
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One dead, one seriously injured in one-vehicle crash
18. Donald VanGundy was pronounced dead at the St. Croix Valley Regional Medical Center.
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Crashes Kill Three
Three people are dead after area crashes. The latest reported victim is 28-year old Don Van Gundy of Balsam Lake.
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Collision puts 7-year-old in coma
A 7-year-old boy from the Balsam Lake area was in a coma last week after a pickup truck ran into him.
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Wisconsin jail cells become homes for the homeless
Fit with comfy chairs, warm lighting and more than three squares, it's hard to believe a place in Balsam Lake, Wisconsin used to be a jail.
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Balsam Lake / Hit by pickup, boy dies a week later
A 7-year-old boy struck by a pickup last week in Balsam Lake died Wednesday shortly after being taken off life support.
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Balsam Lake boy dies
Cody Ward, the 7-year-old boy who was struck by a pickup truck last week in Balsam Lake, Wis., died Wednesday at Gillette Childrena TMs Hospital in St.
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Six-year-old struck by pickup
A six-year-old boy was seriously injured when he was struck by a pickup truck in Balsam Lake, WI on Friday.
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Boy Hurt After He Was Hit by a Truck
A six-year-old boy is seriously hurt after a pick-up truck hit him Friday afternoon.
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County takes GAM to Supreme Court
County takes GAM to Supreme Court Gregg Westigard 01.OCT.08 BALSAM LAKE - Polk County will have its lawyers take the Golden Age Manor sale issue to the Wisconsin Supreme Court for review.
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Number of meth cases down in west-central Wisconsin
Law enforcement officials in west-central Wisconsin say the number of local methamphetamine cases has been declining significantly in recent years.
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Balsam Lake to host methamphetamine summit today
The number of methamphetamine cases in west-central Wisconsin counties has been on a significant decline for the past three years, according to law enforcement officials.
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Local Drug Summit
The Attorney General comes to western Wisconsin tomorrow to talk drugs. JB Van Hollen is meeting in Balsam Lake with officials from 7-counties, to talk about the successes and challenges of fighting ...
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Court hearing held in open meetings law case
A court hearing was held in Polk County Circuit Court Sept. 25, on Jim Drabek's assertion that Polk County supervisors repeatedly violated Wisconsin's open meetings law between Dec.
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County considers Supreme Court appeal
Polk County is considering an appeal to the Wisconsin Supreme Court as one option in how it responds to an appeals court decision that stopped the sale of the county-owned Golden Age Manor nursing home in ...
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Ethanol, food prices part of farm bill discussion here
To experts versed in navigating legislative documents, the 2008 farm bill-which the federal government passed in June-is convoluted.
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Lime quarry manager returns to work
Lime quarry manager returns to work Gregg Westigard 30.JUL.08 BALSAM LAKE - " Merril Nehring, manager of the Polk County Lime Quarry, returned to work today, Wednesday, July 30, after being placed on paid ...
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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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