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Wabeno, 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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Wabeno, Wisconsin News
Wabeno, Suring girls defeated

In non-league girls basketball action last Tuesday, Suring fell to White Lake, 45- 21, and Wabeno was walloped by Coleman, 60-42. Suring trailed White Lake only 20-l8 at halftime, but was outscored 25-13 in ...


Keller, Arleen A.

Arleen A. Keller, 89, of Green Bay, passed away Thursday, Nov. 27, 2008 at home surrounded by her family.


Suring, Gillett win; Logrollers edged

In season openers last Tuesday, both the Suring and Gillett girls posted wins, while Wabeno was edged by Niagara and its three-sport whiz, Jamie Vandenberg.


Prep football: Titans, Rebels earn berths in playoffs

Both the Lena-St. Thomas Titans and Laona-Wabeno Rebels needed to win regular season games Thursday night to earn berths in the playoffs, and both responded with big wins.


Litke, Edward

Edward Litke, 83, Mountain, formerly of Chicago, died at his home on Oct. 8, 2008, after a long battle with lung cancer.


Laker volleyball players among the Northern Lakes league leaders

NLC Volleyball Standings W L Wabeno 6 0 Florence 6 1 Three Lakes 5 1 Crandon 4 2 White Lake 4 2 Laona 2 4 Goodman 2 4 Elcho 2 5 Conserve 2 5 Phelps 2 5 Pembine 0 6 White Lake volleyball players Danielle Stegall ...


Citation not certain in fatal crash

Police have yet to determine whether they will cite the semi driver who was involved Tuesday in the Lincoln County crash that claimed the lives of two University of Wisconsin Marathon County students.


Prep football: Another Rebels point explosion

Coach Ron Swanson's Laona-Wabeno Rebels, for the second consecutive week had another point explosion at Wabeno last Saturday afternoon, with a 67-14 crunching of Menominee Indian.


Looking backward: Sept. 17

On October 5 the GFWC Oconto Woman's Club will be holding a luncheon to commemorate their 100 year anniversary as a club.


WPS workers headed for Ohio, not Texas

Wisconsin Public Service Corp. workers originally slated to go to Texas to help with restoration efforts in the wake of Hurricane Ike are now headed for Ohio.


New Info: WPSC Workers Heading to Ohio Instead of Texas

How nervous does the collapse of Lehman Brothers investment bank make you? Very.


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.


New Info: Appeals Court Upholds Wabeno Woman's Prison Sentence

A state appeals court has upheld a northern Wisconsin woman's life prison sentence for fatally stabbing a man during a 2004 party at his home.


Alice M. Mowery Hensen

Alice M. Mowery Hensen. 92, formerly of 402 Maple Ave., died on Thursday, Aug. 7, 2008, at the St.


Tractor pull draws drivers, fans to final night of fair

The big iron roared at the conclusion of the Langlade County Youth Fair, with the annual tractor pull drawing a good contingent of drivers and fans to the grandstand.


Community : Yesterday, today and tomorrow

Hi everybody. Did you all see the parade and hear the Wabeno band? They practice on our street and it is a delightful moment when we hear them.


Wabeno Steam Up Days celebrates 22nd year

Correspondent At Wabeno's Steam-Up Days, now in its 22nd year, it's almost impossible not to meet an Ehlinger.


Community : Catching up in Carter

John Basten and Terri of Green Bay, along with his son and grandson, were at their place on Deer Lane for a few days.


Outdoors : Winners of Big 4 trap shoot announced

The Big 4+ Sportsman's Club held their annual membership picnic at their clubhouse in Long Lake on Saturday, July 19.


Forest County Commission on Aging seeks to fill two vacancies

The Forest County Commission on Aging is looking for interested Armstrong Creek/Blackwell/Cavour/Laona/Newald/Wabeno residents to apply to fill two vacancies on the Commission on Aging Committee.


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