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Cedar Grove, 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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Cedar Grove, Wisconsin News
Two bring Dutch cultural roots to Little Chute

Peter Arts stares at his bride of 48 years, Mary, from across the dinner table. Sure, they love to share the lifelong passion they feel for their cultural roots.


Thanksgiving lesson at Cedar Grove

Students at Cedar Grove Elementary gave thanks by celebrating a traditional Thanksgiving event.


Jewelry, electronics missing from Town of Scott home

More than $10,000 in collectibles, jewelry and electronics were discovered missing over the weekend from a Town of Scott home, according to the Sheboygan County Sheriff's Department.


Engagement: Kroening-Reimes

Chloe Michael Kroening and Shawn David Reimes are engaged to be married. Their parents are Jeff and Milf Kroening of Cedar Grove and Larry and Lynn Reimes of Sheboygan Falls.


Friends of Lakeview Community Library 2008 Tour of Homes takes place Saturday

The 2008 Friends of the Lakeview Community Library Tour of Homes will take place from 10 a.m. to 4 p.m. Saturday, Nov.


One injured, two vehicles damaged in car-deer crash

A large white-tailed buck caused double trouble in the Town of Wilson on Tuesday as it ran in front of one car and then ricocheted into another, damaging both vehicles and sending one person to the hospital, ...


Slick roads lead to numerous crashes

As severe weather goes, Monday's icy conditions in the southern and eastern parts of Sheboygan County weren't much.


Guell-Wachter

Angie Guell and Ryan Wachter, both of Plymouth, announce their engagement and plans for a fall wedding.


Wedding: Brandt-Telschow

Andrea Brandt of Cedar Grove and Zachary Telschow of Oostburg were married June 21, 2008, at First United Lutheran Church in Sheboygan.


Cedar Grove kickoff set for 1 p.m. Saturday

The Cedar Grove-Belgium football team learned Monday what time its state semifinal game against Lancaster will be Saturday.


Neighbor Worth Knowing: Her gift to school was a glass act

Rita Harmeling's valentine to Oostburg High School hangs in the window of the principal's office, and it is literally a work of art.


Delores M. Hoitink

Delores M. Hoitink, 83, of 314 North Highland Ave, Apt 218, Plymouth, died with her family at her side, and met her Lord and Savior on Monday evening, November 3, 2008 at Meadowview Manor where she had resided ...


Dorothy C. Buser

Dorothy C. Buser, 87, of Lovers Lane Road, Holy Cross, Town of Belgium, died Sunday, October 26, 2008 at the Sharon S. Richardson Hospice in Sheboygan Falls.


Judy M. Riske

Judy M. Riske, age 71, of 405 Cleveland Ave., Manitowoc, died on Thursday morning, Oct.


Area natives compete in Chicago Marathon

Sheboygan County natives Eric Lesch and Tony Teunissen, both now living in Illinois, had tremendous showings at last Sunday's Chicago Marathon.


Sheboygan mans foot injured by 1-ton casting

A 1-ton casting fell on a worker's foot late Tuesday at a Cedar Grove factory, sending the 43-year-old man to the hospital, according to the Sheboygan County Sheriff's Department.


Drivers daunted by deer dangers

Cathy Williquette never had a chance to react. The 57-year-old Cedar Grove woman was southbound on Sauk Trail Road a half-mile from home when she saw a flash of brown in the ditch and immediately felt a thud.


Numerous thefts from cars reported in county

Thieves made off with a laptop, iPod, DVD player and other items after entering several cars throughout Sheboygan County in recent days, the Sheboygan County Sheriff's Department reported Monday.


Gene Swenson

Mr. Gene Swenson, of Sauk Trail in Cedar Grove, passed away unexpectedly in the Emergency Room at St.


County to collect old medications

Sheboygan County will host a waste medication collection day today. The event, which is being held at five different locations around the county, will let people properly dispose of outdated or unwanted ...


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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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