Stone Lake, 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
| Stone Lake, Wisconsin News |
Accused in Wis. tot's death, man pleads guilty
A Sawyer County man on trial for the death of his ex-girlfriend's baby pleaded guilty Wednesday to a reduced charge.
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Mother Testifies in Baby's Death
It was day two of the jury trial for the Stone Lake man accused of killing his girlfriend's baby back in May of 2007 on the Lac Courte Oreilles Reservation in Sawyer County.
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Jury Trial Begins for Man Accused of Killing Baby
The jury trial of a Stone Lake, Wisconsin man accused of killing his girlfriend's baby, started Monday in Sawyer County.
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Outbound Escapes
With the weather cooling down, now is the time to get outdoors and explore the trails.
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27.AUG.08 Twice the fanpower
Twice the fanpower Twins Josh and Jack Martens of Cumberland are by far the loudest fans of the Shell Lake Marching Band.
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Seven injured
Five people were injured in a three-vehicle accident Monday, Aug. 18, in Trego Township, and two were injured in a boat collision on Shell Lake on Saturday night.
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Tripp seeks to fill Boyle's 73rd District seat
Mary Tripp of Superior is running in the Sept. 9 Democratic Primary to be the Democratic candidate for the 73rd Assembly seat currently held by Democrat Frank Boyle, who has decided not to run again.
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Committee OKs 100-unit RV park near Stone Lake
A rezone request to place a 100-unit RV campground near Stone Lake was approved by the Sawyer County Zoning Committee last Friday, and a conditional use permit also was granted pending review of detailed plans ...
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Energy independence topic of DNR meeting
Department of Natural Resources Secretary Matt Frank was out of Madison and into the Northwoods last week, touring to help promote energy independence.
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Tradition highlights Wausau triathlon
A crystal blue sky provided a canopy for the 29th edition of the Wausau YMCA Triathlon.
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Henry 'Hank' C. Ritchie
Henry 'Hank' C. Ritchie, 82, Schofield, passed away Sunday, July 27, 2008, at Aspirus Wausau Hospital.
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New co-op opens in Stone Lake
With its fresh new look and feel, the Lakes Community Cooperative in Stone Lake has been booming with customers since opening last Wednesday.
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Community : Catching up in Carter
Shirley Ashbeck, her mom Clara Koskella, grandchildren Abby and Katie Ashbeck of Kaukauna and Kassidy Ashbeck spent Tuesday afternoon on a pontoon boat ride with Joe LeMay.
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Fire severely damages downtown Hayward building
Terrell Boettcher A fire which was reported at 4:06 p.m. Saturday July 19 gutted a rental apartment above the Abundant Life store at 15076 Main street in Hayward, and there was heavy smoke and water damage to ...
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First BAFB fatality was before post formally opened
Since 1960, there have been only eight fatal incidents involving Barksdale airplanes, with 16 deaths.
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Coroner urges action against drunk driving
A plea from Sawyer County Coroner Dr. John Ryan that more be done to prevent "the continuing carnage on our highways" from drunk-driving crashes sparked a discussion at the July 9 meeting of the Sawyer County ...
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Boat shoot-out, fly-in planned in Three Lakes
The first Three Lakes Shoot-Out and Fly-In will be this Saturday, June 28, from 10 a.m. to 5 p.m., on the south end of Big Stone Lake.
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Fatal Collision Sawyer County
A 78- year old woman was killed and another was injured after 2 cars collided in Sawyer County.
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Woman Dead After Accident on Highway 27
A 78-year-old Stone Lake woman is dead after she turned her vehicle into on-coming traffic.
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Stone Lake news
This Saturday, June 7, will be a busy day in Stone Lake. Starting at 7 a.m. to 11 a.m. there will be a Pancake Breakfast at the Stone Lake Fire Hall.
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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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