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Fall River, 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
| Fall River, Wisconsin News |
Teen killed in Fall River car accident
The 17-year-old driver of a Pontiac G6 that rolled over several times in a crash northeast of Columbus died at the scene Sunday morning.
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Teen killed in Dodge County crash
A 17-year-old Fall River boy was killed in a one-car, rollover accident in the Dodge County town of Elba.
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Fire reported near Randolph may be arson
A fire that destroyed a vacant house Tuesday night in the town of Westford is being labeled suspicious.
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Sorghum Fest schedule complete
On Saturday, Sept. 20, watch the sorghum process from harvest, processing through the antique press, filtering and bottling.
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Kumm family reunites
Descendants of Ferdinand Kumm held a family reunion Aug. 16 in Nekoosa, hosted by Raymond and Trudy Kumm at their home, assisted by Charles and Dianne Butterbrodt.
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Special Assignment: Flood Emergency
"We just thank God that we're okay." Clip from newscast: "Breaking News tonight.
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Lake Delton vanishes into Wisconsin River
Lake Delton, a 267-acre water playland for thousands of tourists each summer, drained Monday after a portion of the sandy lakeshore was breached following heavy rains and took four houses with it.
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Evacuations continue in Columbus
Evacuations continued this morning in Columbus as the Crawfish River continued to rise after more than 7 inches of rain over the weekend.
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WI homes swept away by flood waters
Evacuations and sandbagging continue this afternoon as rivers and lakes continue to rise.
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Fire damages south side complex
One person is dead and at least seven families have been displaced after a fire broke out at Courtyard Apartment Homes, 810 S. Lincoln Ave., early Saturday.
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Citations issued to former police officer in crash
"Leaving the scene was wrong. I should have known better. I am very sorry for not making a better judgment call" A former Columbus Police officer was issued six traffic citations for reportedly fleeing the scene of a one-car crash on April 4. Robert R. Scheeler, 30, was cited with hit and run of property adjacent to a ... via WiscNews.com
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Man faces assault charges
A Fall River man is in the Columbia County Jail after authorities said he had sex with a 13-year-old girl on a daily basis for months. via WiscNews.com
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Schoollibraries get state funds
School library aid totaling $35 million will be distributed next week. For the first time school districts will be able to use a portion of that aid to purchase computers and related software in addition to ... via Beaver Dam Daily Citizen
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Charges pending against two Columbus officers
"I'm very troubled by the allegations and would like to assure the public it is being investigated in a very careful and thorough manner." Potential charges stemming from a traffic crash involving two off-duty Columbus Police officers have been referred to the Dodge County District Attorney's office for review, according to police. via WiscNews.com
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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