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Caledonia, 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.

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Caledonia, Wisconsin News
Minor problems with first snowstorm

The first snowstorm of the season caused some minor problems and delays here Monday, including traffic accidents, power outages and late starts for a couple of schools.


Interim clerk to serve Caledonia

The village has tapped an experienced municipal clerk to temporarily take over the reins from Clerk Wendy Christensen.


Caledonia West Sewer Utility - Caddy Vista service area

The Caledonia West Sewer Utility has requested approval from the Department of Natural Resources for improvements to its sewer system serving the Caddy Vista service area.


A newcomer to an old industry

The only way Barry Jones could afford his mid-life entry into farming was to go Dumpster diving.


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Be it suburban encroachment on farm lands, or the hard work and long hours of farming and its constant economic and meteorological uncertainties, agriculture at first glance might not seem like a hip career ...


Police Reports: Nov. 26

CITY OF BURLINGTON Police chief investigates pot smell City Police Chief Scot Eisenhauer was at the apartment building at 209 E. Market St.


Area was ready for first snow

Residents around the county woke up to a white ground Monday and at least two area municipalities were ready for it.


Future of Racine's keg ordinance uncertain

The city's keg tracking ordinance is set to expire at the end of the year unless the aldermen vote to renew it.


Vendors debate impact of economy on local craft fairs

The success, or lack thereof, this holiday season of area craft merchants will likely not replace the gross domestic product any time soon as a prime indicator of the state of the national economy.


Two more Racine legislators to sit on budget committee

Three Racine County legislators will sit on the state Legislature's powerful budget writing committee during the upcoming legislative session.


2 percent tax levy increase forecasted for Caledonia

The village is definitely feeling the pinch of the tough economic times and it is reflected in the proposed 2009 budget for governmental operations.


VFW post to honor Caledonia police officer's heroism

Erin Tyson Laehr may not think of herself as a hero, but others want to make sure she gets recognition for doing perhaps the most noble acts of heroism - saving the life of a child.


New Information: Fire heavily damages Caddy Vista home

A man returning home from work late Thursday night received an unwelcome surprise when he discovered a fire in a bedroom of his Caddy Vista subdivision home.


Good luck on that sales tax idea

Nov. 12, 2008 1:46 p.m. My Journal Sentinel column this morning makes a point about the idea of a sales tax to fund transit: While this may make sense if you're talking the low-cost system of buses that we ...


Police Reports: Nov. 10

CALEDONIA Teen robbed outside workplace An 18-year-old employee at Greg's Catering, 3124 Roberts St., was robbed of his wallet containing $40 and struck in the face during a robbery at 10:20 p.m. Friday in a ...


House fire blamed on faulty furnace

A malfunctioning furnace is to blame for a smoky fire Monday afternoon at a rural residence along the east Interstate 94 frontage road.


Elderly man facing OWI charge after crash

A 76-year-old Racine man is facing charges after a two-vehicle crash Thursday afternoon that left a 21-year-old Sturtevant man seriously injured.


Racine man struck by a car and killed early Sunday

A 29-year-old Racine man who was reportedly hitchhiking was struck by a car and killed early Sunday morning, according to Caledonia police.


Hitchhiker Hit and Killed in Caledonia

A hitchhiker in Racine County is dead after being hit by a car on Highway 31. Caledonia Police are investigating, but the victim, Timothy Anderson of Racine appears to have been wearing a dark jacket and ...


Stubborn goats don't show holiday spirit at parade

A technical difficulty with Saturday's Downtown Holiday Parade had nothing to do with lights or a sound system.


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