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Colby, 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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Colby, Wisconsin News
Yesterday in Marshfield

Jeff Kleiman, a professor at the University of Wisconsin-Marshfield/Wood County, invited members of the Marshfield Noon Rotary Club to share their stories.


Rehabilitation gets woman home for holidays

This year's holiday season is going to be a special one for Colby resident Sandy Knight, 69.


Frane's family will lead Love Lights

Hope, healing and making happier memories will be the focus as a local family lights the trees at "Love Lights," an elite remembrance ceremony Dec.


Howard W. Lind

COLBY -- Howard W. Lind, 85, of Colby and formerly of Lancaster, died Sunday, Nov.


Two girls cited in drunken driving-texting crash

Town of Rietbrock - Two teenage girls have been cited for driving the same car after drinking while one of them sent a text message.


Marshfield teacher had 0.28 alcohol level in train death

A Marshfield High School teacher who was killed by a train last month died as a result of a traffic crash with alcohol being a factor, according to a Wood County Sheriff's news release this morning.


Holiday events set at churches

The following holiday events are being planned by area churches: Holiday Bazaar: 4 p.m. to 7 p.m. Friday and 9 a.m. to 2 p.m. Saturdayat United Methodist Church, 287 E. Allman St., Medford.


Helen M. Katte

Helen M. Katte, 96, of Sheboygan, died peacefully at Terrace Estates on Wednesday, November 12.


Driver texts, passenger drives, they crash, get cited for OWI

EDGAR - Two teenage girls were cited for operating a vehicle while intoxicated easly Saturday morning after their car crashed between Edgar and Athens while the driver was sending a text message.


Author Charles Blanchard recalls Colby paper route of youth

Charles 'Chucky' Blanchard moves effortlessly through his Colby paper route, trotting down Main Street with his canvas bag over his shoulder.


Theater community honors Rannow

The celebration was all set to go. All that was needed was the guest of honor and some of the actors from the play.


Yesterday in Marshfield

The Abbotsford Education Foundation is sponsoring the annual "Cabaret" on Nov. 15 and 16.


Gerald G. Koontz

DORCHESTER -- Gerald G. Koontz, 78, of Dorchester, died Sunday, Nov. 9, 2008. He was living at home until the time of his death.


Go! Best bet: Lions to host cast fundraiser

COLBY -- A pancake breakfast will be served from 7:30 a.m. to 12:30 p.m. Sunday at the Colby Lions Pavilion.


Town of Owen mayor Tim Swiggum seeks to unseat Rep. Scott Suder in 69th District race

This year's state Assembly race in the 69th District is a rematch. Owen Mayor Tim Swiggum, a Democrat, ran against Rep.


Courts

* Christina L. Rowe, 20, of 407 Liberty St., La Crosse; no contest plea; disorderly conduct; $450 fine.


Meetings

Finance, Budget and Personnel Committee and Board of Public Works agenda meeting -- 9 a.m. Monday at City Hall Plaza.


Colby, Rosholt, Medford advance

Colby swept Auburndale 26-24, 25-20, 25-23 in a WIAA Division 3 volleyball regional final Saturday.


WIAA volleyball regional results

Division 2 Medford 3, Lakeland 0 Altoona 3, Tomahawk 0 Division 3 Colby 3, Stanley-Boyd 0 Auburndale 3, Owen-Withee 0 Wausau Newman Catholic 3, Edgar 1 Marathon 3, Amherst 2 Division 4 Athens 3, Loyal 0 Rosholt ...


Investigators seek answers in teacher's death

Investigators still are trying to piece together the final hours of a Marshfield teacher's life before he was killed early Friday when his vehicle was struck by a train in Auburndale.


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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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