West Salem, 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
| West Salem, Wisconsin News |
Library scrambles after flood
West Salem's Hazel Brown Leicht Memorial Library will open again this week after a frozen heating coil led to a flood that soaked the floor, destroyed several thousand books and forced a closing.
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Advisory opinion says West Salem annexation not in public interest
The state has determined a recent annexation request being considered by West Salem and opposed by Onalaska would be against the public interest.
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Bangor, West Salem begin enforcing parking rules
Police have begun to enforce alternate side parking ordinances with snow-plowing season bearing down on the Coulee Region.
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West Salem Village Board OKs pay raises as part of budget
West Salem Village Board members last week approved a slight pay raise for themselves, or rather for future board members.
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County Agricultural Society presents honors, elects officers
Jeff Wayne, president of the La Crosse Agricultural Society, left, presented Wayne Atchley of the West Salem First Responders with a recognition award at the society's recent annual meeting.
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Spring election filings to open soon
The 2009 election season is around the corner for municipal and school board officials.
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Liberty Village breaks ground
Liberty Village, a new assisted living facility on Tomah's north side, held a groundbreaking ceremony on Tuesday and gave tours of the facility under construction.
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Bears on the edge of town; more sightings expected
Seeing a bear was definitely not on Duane Kneifl's mind when he and fellow West Salem First Responders member Greg Wilhelm took a drive north of town a couple weekends ago.
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Onalaska lobs volley in battle over territory
The city of Onalaska is pulling out all the stops in its quest to quickly hammer out a boundary agreement with the village of West Salem and Hamilton to resolve annexation application issues regarding ...
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Alisha Sidie's Disappearance Resembles Cold Case
The murder of Alisha Sidie reminds one deputy sheriff of a similar disappearance in a rural area.
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Men who led police on manhunt in custody
Men who led police on manhunt in custody Jessica Shawley 13.NOV.08 The two men who caused local police and residents a considerable amount of worry last week after breaking into a home in Rose Valley, leading ...
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School event honors veterans
West Salem high school students and community members honored veterans of America's military in a solemn, respectful assembly at the Heider Center Tuesday morning.
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West Salem School Board considers nursing program
West Salem students may soon be able to take nursing classes as part of their curriculum.
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Wisconsin dog selected as finalist for Milk-Bone spokesdog
Milk-BoneA is holding a national contest to find their first-ever Spokesdog to celebrate their 100-year anniversary.
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Democrats gain seats
Democrats appeared to take over the state Assembly on Tuesday, putting them in charge of the chamber for the first time in 14 years and giving them control of all of state government.
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Serving tradition: First Responders chili supper is back but with a new location
It started innocently enough for Linda Dougherty. She went to the West Salem First Responders chili supper fundraiser for a hearty meal, but came away with a new mission: saving lives and helping the hurt.
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Annexation settlement not in cards
The village of West Salem won't soon resume boundary-agreement discussions with the city of Onalaska, adding fuel to what is looking less like an annexation and more like a border war.
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Johnsmith, Sabien to play at Heider
The Marie W. Heider Center for the Arts in West Salem will host a concert featuring singer-songwriter Johnsmith and jazz violinist Randy Sabien on Friday, Nov.
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Two sought in manhunt identified
The Buffalo County Sheriff's Department still is searching for two men believed to have fled the scene of a burglary Wednesday, but the men no longer are believed to be armed.
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Western Wis. authorities search for burglars, chase suspects
Western Wisconsin authorities are looking for two men they believe are behind a home burglary and police chase Wednesday.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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