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Theresa, 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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Theresa, Wisconsin News
Northeast Dodge County News

Breakfast with Santa Lomira FFA Alumni will host its 26th annual Breakfast with Santa from 8:30 a.m. to 12:30 p.m. in the Lomira High School cafeteria.


Teens accused of home burglary

JUNEAU - Two Mayville teens accused of stealing nearly $800 in coins from a town of Theresa home have been charged.


News in Northeastern Wisconsin

The Natural Resources Foundation of Wisconsin is accepting applications for the 2009 C.D. Besadny Conservation Grant Cycle.


Allen Abel

Allen Abel, 85, of Waupun, died at his home on Tuesday, Nov. 25, 2008. Allen was born Dec.


Neitzel 50th

Gordon and Zora Neitzel of Theresa have been married for 50 years. Neitzel of Theresa and the former Zora Stark of Owen-Withee, Wis., and later of Kewaskum, were united in marriage on Oct.


Four injured in Dodge County crash

Four people were injured following a two-vehicle collision on Nov. 17 in the town of Theresa.


Campbellsport woman, 31, going to jail for OWI crash

A Campbellsport woman accused of injuring three people in a crash while she was driving under the influence of pain medications and marijuana will spend time behind bars.


Snow showers snarl traffic

Snow showers and temperatures just under the freezing mark gave parts of Wisconsin a look of winter Monday - along with icy roads that appeared to catch drivers off guard.


Church Notes

The parishes of St. Mary Catholic Church in Lomira and St. Theresa Catholic Church in Theresa will host a fall festival from 4 to 8 p.m. Sunday, Nov.


Natural Resources Foundation offers grants for conservation projects

The Natural Resources Foundation of Wisconsin is accepting applications for the 2009 C.D. Besadny Conservation Grant Cycle.


2 men arrested in connection with theft of auto parts

A Lomira and Theresa man were arrested Wednesday morning in connection with an alleged theft at Lenz Auto Sales, 536 S. Seymour St.


HCE awards presented

Diane Koch, Mayville, a 28-year member of the Dodge County Association for Home and Community Education , was named 2008 Homemaker of the Year at the HCE 70th anniversary achievement program Wednesday night.


Hospice center gets challenge grant

When Elaine Porath reached the end of her life, nearly all her assets had been wiped out by illness, hospitalizations and a brief stay in a nursing home.


Lorenz, Ruth L.

Ruth L. Lorenz, age 68, of Black Creek, passed away Sunday, November 2, 2008. She was born May 14, 1940, in Milwaukee to the late Walter and Theresa Pakulski.


2 injured in Fond du Lac County motorcycle accident

Two motorcyclists where injured Saturday evening when their cycle struck a deer on Highway 67 west of Ashford.


Jackson-Laubenstein

The Rev. Dennis Budka presided over the ceremony uniting Margaret Jackson and Ryan Laubenstein in marriage on April 19, 2008, at St.


IRS owes $2 million to state taxpayers

Are you still waiting for your refund or economic stimulus check? You're not alone.


Man accused of running over goose tells police he has issues with animals

An 18-year-old Brownsville man accused of intentionally killing a Canada goose this summer was back in court this week.


Northeast Dodge County News

The annual American Legion baseball benefit breakfast will be held from 7:30 a.m. to noon Sunday, Nov.


School scrapbook

Honors: Karen Drydyk of Fort Atkinson, a sophomore at UW-Whitewater, has been named Youth Peacemaker of the Year by the Wisconsin Network for Peace and Justice.


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