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Strum, 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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Strum, Wisconsin News
David J. Petrie

David J. Petrie, age 75, of Sherwood, died on Wednesday, November 19, 2008 at his home after a short but courageous battle with cancer.


Band teacher sent resignation letter Wednesday

The resignation letter by Andrei Strizek was to the point. So was the acceptance of the resignation by the Chippewa Falls School Board on Thursday night.


Arrests

Patrick G. Berg, 22, Merrillan, was booked for misdemeanor bail jumping and possession of cocaine.


Arrests

Brandon J. Burdick, 30, Wisconsin Dells, was booked on a warrant pickup. Tricia R. Custodio, 36, Black River Falls, was booked on two warrant holds at other agencies.


Stratford v. Eleva-Strum

Stratford's Nick Bergs hangs onto the ball as Eleva-Strum's Shane Knudtson tries to tackle him during the first quarter.


Arrests

Jesse J. Bue, 26, Taylor, was booked for operating after revocation, open intoxicants- driver, driving or operating a vehicle without owner consent and a probation violation hold.


Jackson County Circuit Court and Traffic Report

The following was reported by the Jackson County Chourthouse B.J. Albers, 49, Ladysmith, was fined $236.40 for speeding on freeway .


Birth Announcements

A daughter, Brooklyn Rae Willi, was born September 5, 2008 at Luther Hospital in Eau Claire, to Samantha Fransway and Conrad Willi of Bloomer.


Charred human remains found in vehicle

Charred human remains found in vehicle Jessica Shawley 18.SEP.08 Charred human remains were discovered inside a severely burned vehicle on Paulson Road in the Township of Hale last Thursday morning.


Daily records

Haasl was injured but did not require medical transport. * At 6:45 a.m. Monday, a motorcycle ridden by Howard P. Marg, 47, Wisconsin Rapids went out of control on an oil slick and slid on its side at the ...


Police Identify Owner of Burned Out Truck with Human Remains Inside

Law enforcement knows more about the person who owned the burned-out vehicle found with human remains inside.


Man Goes to the Hospital after Motorcycle Crash

A man goes to the hospital after losing control of his motorcycle. The crash happened Saturday night, just before 8:00 p.m. in the Township of Hale.


Man injured in motorcycle crash in Trempealeau County

Jerry Thewis, 44, of Strum was injured in a motorcycle crash Saturday evening in the town of Hale, northwest of Whitehall in Trempealeau County.


Girls Sell Cookbooks For Injured Dr. They've Never Met

Two local girls have been cooking their way to raise money for a man they've never met before.


Jackson County Circuit Court and Traffic Report

The following was reported by the Jackson County Circuit Court: Panagiotis Binelas, 36, Oak Creek, was fined $186 for speeding on freeway .


School Districts Feel The Fuel Pinch

One school district in our area says it knows what it's like to feel a fuel pinch, before classes even start, and it's now trying to save some money.


Altoona Teen Injured in Bicycle-SUV Crash

A 17-year-old Altoona teen is in the hospital with life-threatening injuries after the bicycle he was riding was struck by a SUV Monday night.


Gimme 5

Title: Director of That's My Party for Miss Eau Claire and Miss Chippewa Valley.


Online

BEACH, Peter A., 38, E4405 476th Ave., Menomonie, issuing worthless checks Feb. 12, $213 fine.


Courts

Sentence was stayed and he was placed on probation for 18 months; $398 fine and $88 costs.


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