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Fort Atkinson, 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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Fort Atkinson, Wisconsin News
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Jennifer L. Weston has filed a Declaration of Candidacy and begun circulating nomination papers with the hope of becoming Jefferson County's next Branch I Circuit Court Judge.


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One man was killed this morning when he lost control of his car and hit a snowplow in Jefferson County, the State Patrol said.


MATC-Fort Atkinson shows 10,000-square-foot addition, renovation

Madison Area Technical College-Fort Atkinson held a reception Wednesday to showcase its new 10,000-square-foot addition and extensive renovation.


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Last month hundreds of people came to a public hearing to tell the Jefferson County Board how the UW-Extension has impacted them.


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Future of 715 area code meeting topic

The state Public Service Commission will meet Thursday to discuss what to do with two telephone area codes that are running out of numbers.


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When Norm Wolfe of Fort Atkinson, Wis., began teaching instrument ground school at Proficient Flight , he realized that old methods of training just wouldn't do.


Koebke challenges Jorgensen in 37th

Democrat Andy Jorgensen said this week his campaign has been going well as he attempts to retain his post for a second term as representative in the state's 37th Assembly District this November.


Doctor sues Cambridge clinic

A doctor, whose departure from a Cambridge clinic in June shocked the community, filed a lawsuit Wednesday to fight a noncompetition clause in his contract with his former employer.


State Guard unit prepares for overseas deployment

The Wisconsin National Guard hosted a media day at its headquarters in Madison on Wednesday to give journalists in the area more information on the largest operational deployment of state National Guard forces ...


Ex-GOP state senator endorses Obama

Former Republican state Sen. Barbara Lorman has endorsed Democratic presidential candidate Barack Obama, denouncing Republican candidate John McCain's negative campaign.


Fort Atkinson man hurt after turkey spooks horse

A 57-year-old Fort Atkinson man was hospitalized over the weekend after being thrown from his horse when a turkey spooked it in the Kettle Moraine State Forest, the Sheboygan County Sheriff's Department ...


Columnist Jeannie Pitsch misses daughter Alex at college

It happens to all of us who have raised children to adulthood. That day when the last one leaves the nest.


Great Outdoors Almanac

More than 5,000 chinook salmon have been harvested at Department of Natural Resources egg collection sites at Sturgeon Bay's Strawberry Creek and the Besadny Anadromous Fisheries Facility on the Kewaunee River.


Fort Atkinson man charged in alleged gun transport plot

State troopers in Michigan found more than a nervous Canadian when they pulled over a 1994 Nissan sedan last week.


and the Winner is ... Electrical Contracting Products Announces Winners of the 2008 Innovation Awards

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New attraction at Vilas Zoo: Meerkats Stan and Groucho

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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