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Salem, 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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Salem, Wisconsin News
Man Dies After Being Trapped by Fire A 75-year-old man has died after a fire in a home in Kenosha County this morning.
Man dies after being trapped in basement during fire A 75-year-old man died Friday morning after he became trapped in the basement of a home during a fire.
Man dies after fire traps him in basement Nov. 21, 2008 12:06 p.m. A Kenosha County man died this morning after a fire trapped him in his basement.
Man dies after fire traps him in basement A Kenosha County man died this morning after a fire trapped him in his basement.
Grandfather Dies In Kenosha Co. Fire A Kenosha County man died when fire trapped him in his basement. Investigators were on the scene for hours trying to figure out what caused the blaze that killed a beloved grandfather of three.
Western Wis. authorities search for burglars, chase suspects Western Wisconsin authorities are looking for two men they believe are behind a home burglary and police chase Wednesday.
Village seeks public input on aesthetics ordinances West Salem residents will get the chance next week to register their opinions on a pair of pending ordinances that have Village Board members seeing things from opposite sides of the table.
The war is over for a dog named "Boo" For an 8-month-old Iraqi dog named "Boo," the war is over. The white and brown dog was airlifted out of the Middle East last week and arrived at Chicago's O'Hare Airport on Saturday with the help of Army Spec.
Iraqi puppy lands in D.C., heads for Wisconsin A puppy adopted by a U.S. soldier has landed at Dulles International Airport outside the nation's capital, and is headed to Wisconsin this weekend.
Iraqi puppy lands in D.C., heads for Wisconsin A puppy adopted by a U.S. soldier has landed at Dulles International Airport outside the nation's capital, and is headed to Wisconsin this weekend.
DeKalb County Sunday Various citations a " Sheriffa s deputies said a vehicle driving north on Route 23 lost control south of Melms Road about 10:50 p.m. and went into the east ditch.
Death of West Salem teen at festival ruled accidental Becker County Sheriff Tim Gordon released the results of the final autopsy report on Ashley Marie McCoy of West Salem, Wisconsin, on Tuesday.
Racine man charged with lying to the FBI during Kenosha corruption probe A Racine man is charged with lying to the FBI while agents investigated corruption in Kenosha politics.
Music for Tots classes to be held in Sheboygan The fall 2008 session of the Silver Lake College Music for Tots program will be held again at St.
Seniors hop on Wii bandwagon Mabel Finney wasn't intimidated by teenage boys, even if they were far more savvy in video gaming.
'Doubt' Edgy new drama opens PM&L Theatre's 48th season PM&L Theatre is starting its 48th season next weekend with an acclaimed contemporary drama.
Car Submerged A 5-year old girl is at Children's Hospital this morning after a crash in Kenosha County.
Girl rescued from sumberged car in more stable condition A 5-year-old who was rescued from a submerged vehicle at the Camp Lake marsh Friday was "more stable," as of Sunday night, according to Kenosha County sheriff's deputies.
5-Year-Old Trapped Underwater In Car A couple lost control of their car on Friday night, sending the vehicle into Camp Lake.
Child freed from submerged vehicle A 5-year-old girl was trapped before being rescued from a submerged vehicle that went off the road Friday night on Kenosha County Highway C at the Camp Lake marsh.

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