Townsend, 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
| Townsend, Wisconsin News |
Looking backward: Dec. 3
A large crowd was in attendance last Saturday for the new Woodlands of Oconto Open House.
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Oconto Co. Board approves 8 zoning changes
Chairperson Leland T. Rymer called the October meeting of the board to order at 9 a.m. All 31 County Board members were present.
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Senate race heats up in 18th District
Oshkosh attorney Jessica King is touting "homegrown" leadership in her Democratic bid for a state Senate seat, while Fond du Lac's Mountain Dog Media owner Randy Hopper promises a Republican platform of "good ...
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Benefit for Darlene Townsend Oct. 26 in Barron
The Knights of Columbus of St. Joseph's Catholic Church in Barron, with the help of the ladies' guild, youth group and members of the Poskin Jets 4-H Club, are planning a benefit for Darlene Townsend.
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Litke, Edward
Edward Litke, 83, Mountain, formerly of Chicago, died at his home on Oct. 8, 2008, after a long battle with lung cancer.
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News in Northeastern Wisconsin
The Green Bay Plan Commission referred the Shadow Lane matter to staff to determine if those renovating homes near Lambeau Field are operating illegally by renting out property, based on zoning law.
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Anniversary: James and Bernice Gruenke
Bernice and James Gruenke of Townsend celebrated their 50th wedding anniversary on Aug.
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Heins, Ethel Elizabeth
Ethel Heins, Appleton, passed away on Friday, Sept. 12, 2008. She was born Dec. 27, 1916, in Appleton, the daughter of the late Robert and Sophie Clements.
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2 Republicans square off in 52nd Assembly primary
Two Fond du Lac Republicans will battle for votes on Sept. 9 in the 52nd Assembly District primary.
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Reitzner, Harold
Harold 'Harry' Reitzner, 75, Appleton, passed away at St. Elizabeth Hospital on Aug.
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News in Northeastern Wisconsin
Six land trusts that are members of the Lake Michigan Shorelands Alliance will host four open forums called the Great Lake Gatherings, including one from 8 a.m. to noon Sept.
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Re-enactor to present at logging camp museum
The glory days of logging and lumberjacks will come alive once again on Wednesday, July 23 at the Holt and Balcom Logging Camp Museum in Lakewood.
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Re-enactor to present at logging camp museum
The glory days of logging and lumberjacks will come alive once again on Wednesday, July 23 at the Holt and Balcom Logging Camp Museum in Lakewood.
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Looking Backward
At last Tuesday's Oconto Committee of the Whole council meeting, council members agreed to a $12,500 expenditure grant application for matching funds for downtown area improvements.
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For a change, local runner is 'Possum' winner
White Lake's Possum Chase proved to be a young man's contest. On Saturday, under optimal conditions, a record 205 runners took part in the annual 10-kilometer run, with the top three positions captured by men ...
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Townsend faces challenger in Assembly race
As promised, local Democrats have fielded a candidate to challenge state Rep. John Townsend this fall in the 52nd Assembly District.
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More state schools unable to meet goals
TUESDAY, June 24, 2008, 10:22 a.m. By Amy Hetzner and Alan J. Borsuk No Child Left Behind snags more schools The federal government's escalating academic standards snagged a growing number of schools this year, ...
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Memorial Day; citations; firefighter; driving laws
While we enjoyed a safe Memorial Day weekend surrounded by friends, family and good weather here in Wisconsin, we sadly cannot say the same for the thousands of enlisted men and women fighting overseas, many of ...
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Redcoat and Minutemen put Patriot's Day in perspective
"The essential reality of combat was that linear warfare is practical even if the guns are not" The past is often thought of as a simpler time. But at the West Townsend Reading Room on Sunday, a red-coated British soldier dispelled that rumor -- at least as it applied to the 18th century and the years of ... via Nashoba Publishing Online
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Authors shine at Fox Cities Book Festival
"I didn't know there were this many (local) authors" Avid readers may recognize names like Billy Collins, Alex Flinn and Alice Hoffman, authors who've taken center stage this past week as part of the first Fox Cities Book Festival. via Appleton Post-Crescent
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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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