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Mattoon, 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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Mattoon, Wisconsin News
Gladys Hoffmeister

Gladys Hoffmeister, 66, town of Hutchins, died Thursday, Oct. 23, 2008, at Aspirus Wausau Hospital.


Courts

* Lacey L. Lato, 20, 202 First St., Rothschild, made an initial appearance Sept. 24 on misdemeanor charges of fifth-offense operating a motor vehicle with a revoked license, second offense operating a motor vehicle with a prohibited alcohol content and second-offense operating a motor vehicle while intoxicated. The court ordered a $1,000 signature bond and set a hearing for Oct. 2. Lato was arrested Aug. 10 following a traffic stop in Kronenwetter for speeding and Aug. 17 following a traffic stop in Rothschild, according to court records. *Narcizo Portilla-Hernandez, 25, 301 Flint Ave., Mattoon, made an initial appearance Sept. 25 on a misdemeanor charges of obstructing an officer and operating a motor vehicle with a revoked license. The court ordered a $500 signature bond and set a pretrial conference for Nov. 25. Portilla-Hernandez was arrested Sept. 24 after an officer stopped his vehicle in Wausau for having an expired license plate, according to court records. *Kyle J. Dorsey, 19, 350 Orbiting Drive, Mosinee made an initial appearance Sept. 25 on a misdemeanor charge of disorderly conduct. The court ordered a $500 signature bond and set a pretrial conference for Nov. 11. Dorsey was arrested April 24 after police were told he threw kitchenware on the floor and punched a hole in a wall of a Mosinee residence, according to court records. * Gerald R. Keen, 47, 1323 N. Third St., Wausau, made an initial appearance Sept. 25 on a misdemeanor charge of theft. The court ordered a $500 signature bond and set a pretrial conference for Nov. 5. Police investigated a report that Keen removed more than $400 cash from a woman's purse Jan. 3 at Wal-Mart in Rib Mountain, according to court records. *Douglas B. Flynn, 24, 117 West Charles St., Schofield, made an initial appearance Sept. 25 on two felony charges of battery by prisoners. The court ordered a $1,500 signature bond and set a preliminary hearing for Oct. 1. Police investigated a report that Flynn punched an inmate at the Marathon County Jail twice on May 19, according to court records. *David W. Bartram, 38, 119 Sternberg St., Schofield, made an initial appearance Sept. 25 on misdemeanor charges of operating a motor vehicle with a revoked license, possession of marijuana, possession of drug paraphernalia, and bail jumping. The court ordered a $500 signature bond and set a hearing for Oct. 16. Bartram was arrested Aug. 17 following a traffic stop in Weston, according to court records. *Mason J. Moody, 18, 2123 Highway O, Mosinee, made an initial appearance Sept. 25 on a felony charge of operating a motor vehicle without the owner's consent. The court ordered a $1,500 signature bond and set a preliminary hearing for Oct. 6. Moody was arrested July 9 in the town of Mosinee after he was found to have crashed a car that did not belong to him into several objects and a ditch, according to court records. *Joseph D. Steffen, 26, 2601 Indiana Ave., Stevens Point, made an initial appearance Sept. 25 on two felony charges of failure to pay child support. The court ordered a $1,000 signature bond and set a preliminary hearing for Oct. 6. Steffen reportedly had not paid child support since August 2007, according to court records. *Kyle R. Kollmansberger, 18, 200 S. Sixth St., Abbotsford, made an initial appearance Sept. 25 on misdemeanor charges of altering identity marks and receiving stolen property. The court ordered a $500 signature bond and set a pretrial conference for Nov. 5. Police investigated a report of stolen snowmobiles in January that had the identification number scratched off in Colby, according to court records. *Phillip J. Gumz, 17, 201 E. Linden St., Abbotsford, made an initial appearance Sept. 25 on a misdemeanor charge of theft. The court ordered a $500 signature bond and set a pretrial conference for Nov. 5. Police investigated a report of stolen snowmobiles in January in Colby, according to court records. *Marieann F. Baumann, 17, 935 W. Ross Ave., Wausau, made an initial appearance Sept. 24 on misdemeanor charges of battery and disorderly conduct. The court ordered a $500 signature bond and set a pretrial conference for Nov. 5. Baumann was arrested Sept. 8 after a man told police that she punched and kicked him during a dispute at a Wausau residence, according to court records. *Terry G. Weier, 49, 1540 N. Torun Road, Stevens Point, made an initial appearance Sept. 25 on a misdemeanor charge of disorderly conduct. The court ordered a $500 signature bond and set a pretrial conference for Sept. 5. Police investigated a report that Weier called a woman names March 25 during a dispute in Mosinee, according to court records.


Roland L. Jansen

Roland L. Jansen, 90, of Antigo died Sunday, Aug. 31, 2008, at his home in the care of his family and LeRoyer Hospice.


Fire Destroys Home in Shawano County

The Shawano County Sheriff's Department says a home in the Town of Hutchins is a total loss after a fire Monday.


Four hurt in Aniwa-area crash

Four people were injured late Wednesday in a grinding head-on crash which closed Highway 45 near Aniwa for four hours.


Overnight Crash in Aniwa Sends Four to Hospital

The Shawano County Sheriff's Department is investigating a three car crash that sent four people to local hospitals about 11:00 p.m. Wednesday.


School board to eye work at athletic field

With budget work looming in July, the Antigo school board will work its way through a light agenda, focused on changes in the teaching staff, on Tuesday.


Beth Bockes saluted for Antigo school board role

"She's an advocate for children. We will miss her on the board"

The Antigo school board said good-bye to one of its favorite members Tuesday. At the regular April meeting, the board and students presented plaques and accolades to Beth Bockes, who joined the board in 2003. via Antigo Daily Journal


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