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Washington Island, 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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Washington Island, Wisconsin News
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After a day of bike rides we were ending the day with the Viking Tour. The guide was quite taken by the fact that my parents had been married for 20 years and added a stop at the Stave Church for their benefit.


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There are no new cases of Scarlet Fever on Washington Island, and the quarantine is being lifted for those who are on the road to recovery.


Ferry Line reports a decrease in traffic

Ferry traffic to Washington Island was down last month and most of the year. The Washington Island Ferry Line Inc.


Survey will help officials understand, control Lyme disease

This Saturday, as hunters seek white-tailed deer in Wisconsin's forested areas, a research team led by University of Wisconsin-Madison entomologist Susan Paskewitz will be conducting a hunt of its own.


Bies to hold listening session with islanders

State Rep. Garey Bies, R-Sister Bay, will hold a listening session today on Washington Island.


Bies plans Tuesday listening session on Washington Island

WASHINGTON ISLAND -- State Rep. Garey Bies, R-Sister Bay, will hold a listening session on Tuesday morning on Washington Island.


Burger Boat to restore rare 1939-vintage yacht

A rare yacht built in Manitowoc in the 1930s has returned to its home port for a full restoration.


Findlays' inn celebrates 30 years

The owners of a historic Washington Island hotel are celebrating a landmark achievement in their lodging career.


Events to mark Veterans Day

Door County will host two programs in honor of Veterans Day. Both celebrations will be held Tuesday.


Beyond Death's Door is heaven on earth

WASHINGTON ISLAND, WIS.: There's a reason Door County is so popular among weekend warriors: It's lovely.


Wisconsin officials to discuss problems in 715, 920 area codes

The Wisconsin Public Service Commission will meet Thursday to discuss what to do with two telephone area codes that are running out of numbers.


Committee ready to resurrect funding issues

The Municipal Taxpayers Commission - organized through an effort by Northern Door County municipalities to right an inequitable funding system for Wisconsin technical schools - lies dormant.


Kids casting ballots Nov. 4

In an effort to familiarize children with polling places and voting, Kids Voting USA will make its first appearance at Gibraltar School on Election Day.


Traveling Back Through the Door County Advocate Files

At the request of the striking milk pool organization, Door County's 16 cooperative and 13 privately owned cheese factories and the Van Camp condensery in Sawyer closed.


Thursday Washington Island Blogging

It's been a busy week for me, made more intense and confusing by continuing electorial euphoria, which I am doing my best to control for thoroughly superstitious reasons.


First responders put classwork into practice

A training exercise Tuesday in the Menominee River should better prepare first- responders for an oil spill, officials said.


School officials join Skare, Bies on panel

A panel of local school officials joined the two candidates for the 1st Assembly District to talk about education finance before an audience of about 30 people Wednesday in the Sturgeon Bay High School ...


Officer McGrane a well-known safe face

Washington Island is a pretty safe place, and one man, Officer in Charge Tyler McGrane, wants to make sure it stays that way.


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