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Fairchild, 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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Fairchild, Wisconsin News
Inferno destroys Alma Center building

It took firefighters from eight departments five hours to battle a smoky blaze that destroyed a Chippewa Bi Products building and left Alma Center temporarily without power last week.


Speeders beware on Highland Street

Paul Fairchild, a resident on Highland Street in Westby, requested the removal of no parking signs between Market and West Avenue on Highland Street, after he received a warning for parking in the posted area.


Man charged in dog shooting

A Fairchild man was charged last week after allegedly shooting a neighbor's dog with a shotgun.


Students learn from Japanese teacher

Wisconsin program promotes cultural exchange at BMHS As 13 art students filed to their desks Monday afternoon at Beloit Memorial High School, their instructor stepped aside as the school's guest teacher from ...


County shorts rural towns timber money

Eau Claire County has paid a smaller slice of timber sale profits than it promised to rural towns that have large portions of the county forest.


One vehicle rollover is fatal

On Sunday, November 02,at 7:07 a.m., a report of a crash occurring on CTH D, two miles east of Hwy.


Pancake Supper at BHS

As part of American Education Week, members of the school board and district teachers, administrators, and support staff will host a pancake supper on Tuesday, Nov.


Flu shots offered

Flu shot clinics are being offered by the following: - 2:30 to 4:30 p.m. Monday, Oct.


Woodcut print artist to participate in studio tour

Fairchild artist Terry O'Donahue will display his woodcut prints during the Falling Leaves Art Studio Tour.


Judge rules in favor of former Osseo-Fairchild principal

The Osseo-Fairchild school district breached its contract with former Fairchild Elementary Principal Lori Ploederer because it terminated her contract solely for budgetary reasons, an Eau Claire County judge ...


Jackson County Circuit Court and Traffic Report

Clayton M. Allen, 22, Shorewood, was fined $10 for failure to wear safety belt. Jacob J. Anderegg, 26, Blair, was fined $750 for resisting an officer and possession of marijuana.


Prep football: Rockets thumped by O-F

SPENCER -- New season, new conference, new coach. Everything seemed set as the Spencer/Columbus Rockets opened their season at home against Osseo/Fairchild. But O-F ran a reverse on the opening kickoff and ...


Teenager Charged in Deadly Crash

A teen accused of driving drunk in a high speed crash that killed a passenger and injured another faces criminal charges in Eau Claire County.


Osseo-Fairchild student charged in fatal crash

The driver involved in a one-vehicle crash Monday night that killed one of his passengers and critically injured another told authorities he believed he was traveling faster than 100 mph just before the ...


Bomb Squad Surrounding Home

We have breaking news as a bomb squad and the federal Bureau of Alcohol, Tobacco, and Firearms are shutting down the area around an Eau Claire home.


Osseo native gets shot under the lights of Broadway

Two weeks into his first Broadway show, Barry Anderson was settling into his role as a supporting character.


Weapons Raid: Eau Claire Man Arrested

An Eau Claire man has been arrested in connection with a weapons raid in Fairchild.


Jackson county sheriff's department

Incidents August 2 7:48 p.m.: Police responded to the Best Western Arrowhead Lodge, N6254 Oasis Rd., Brockway, for a damage to property complaint.


Alternative school to open in Whitehall

The doors of Whitehall's first official alternative school program will open this fall.


Osseo-Fairchild student project opens doors to understanding

Updated: 6/12/2008 11:57:01 PM PRINT Sixteen Osseo-Fairchild High School seniors learned about local history, their relatives and life lessons through a "Doors to the Past" project.


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