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Frederic, 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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Frederic, Wisconsin News
Joe Kempe's collection of radios include two Ecksteins made in LeRoy

When Joe Kempe displayed his collection of old radios at the LeRoy Community Theater's Old Time Radio Show in the earlier part of November, among his collection were two Eckstein radios which had been manufactured in LeRoy. This was news to me, and probably others too, because it is hard to imagine a manufacturing plant making these radios for the retail market in those earlier years.

With television so in use these days, it's hard to think back to when there was only radio to listen to and to hear the latest news. It was our entertainment, our source of music and news..


Frederic man killed in logging accident

Larry Moody, 54, of Frederic, Wis., was killed Saturday afternoon while helping friends cut firewood.


Around the Region

Residents can meet chancellor finalists St. Croix Valley residents will have the opportunity to meet with five UW-River Falls chancellor finalists.


Election Day help just a phone call away

Wisconsin voters can call a toll-free hotline to find out where to vote, how to register, and other voting information.


Farmers markets: time is running out

For food writer and restaurant critic Rick Nelson , warm weather means farmers markets, roadside vegetable stands, overstocked supermarket produce departments, and spending plenty of time in his kitchen.


The digital-TV transition is a pain for some

Television is going all-digital early next year, and Pat Teiken thought she was ready.


Night of mischief leads to arrests

A church near Sterling Settlers Cemetery in Sterling Township was burned early Friday morning by an apparently intentionally set fire.


The Cookie Brigade delivers

With words of encouragement, respect and gratitude for her efforts, Susan Hager has to know she's onto something.


Diving in to help build a new pool

Friends of the Pool kick off effort to build new pool in Frederic. Taking a good cut at the ball during Saturday's softball tournament was Corissa Schmidt.


CSA Delivery No. 7

Posted on August 1st, 2008 8:41 AM By Rick Nelson T his week's delivery is a real knockout.


Lime quarry manager returns to work

Lime quarry manager returns to work Gregg Westigard 30.JUL.08 BALSAM LAKE - " Merril Nehring, manager of the Polk County Lime Quarry, returned to work today, Wednesday, July 30, after being placed on paid ...


21-year-old loses life in one-vehicle accident

Send your letters & comments to: the-leader@centurytel.net i 1 2 Inter-County Co-op Publishing Ass'n., Frederic, WI 21-year-old loses life in one-vehicle accident POLK COUNTY - A 21-year-old Dresser man lost ...


Rick Rosen named St. Croix team warden supervisor

Conservation Warden Rick Rosen has been named warden supervisor of the Department of Natural Resource's Northern Region - Spooner Team, according to Regional Director John Gozdzialski.


Norine appointed new Burnett County DA

Send your letters & comments to: the-leader@centurytel.net i 1 2 Inter-County Co-op Publishing Ass'n., Frederic, WI Norine appointed new Burnett County DA * WEB EXCLUSIVE* 23.JUL.08 BURNETT COUNTY - Grantsburg ...


Frederic man "catches a dream" with help from Regional Hospice

If you know anything about Willie, you know security at his concert is high. No one gets back stage.


21-year-old loses life in one-vehicle accident

Send your letters & comments to: the-leader@centurytel.net i 1 2 Inter-County Co-op Publishing Ass'n., Frederic, WI 21-year-old loses life in one-vehicle accident POLK COUNTY - A 21-year-old Dresser man lost ...


06.JUL.08 Runners show support for Jim Muus

Send your letters & comments to: the-leader@centurytel.net i 1 2 Inter-County Co-op Publishing Ass'n., Frederic, WI Runners show support for Jim Muus Students and friends of Jim Muus showed up at Siren's ...


Measner recovering from surgery

Brody Meanser was a state champ in the 100-meter dash when he performed for Frederic.


CSA Delivery No. 4

Posted on July 11th, 2008 10:26 AM By Rick Nelson Precious cargo: Inside the Burning River Farm delivery van.


Governor approves WIS 87 and WIS 48 highway improvement projects in Polk and Burnett Counties

As part of his ongoing "Grow Wisconsin" initiative to invest in Wisconsin's infrastructure and stimulate our state's economy, Governor Jim Doyle has signed a $4.2 million contract to resurface and make safety ...


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