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Divorce Buyouts
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Wilmot, 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
| Wilmot, Wisconsin News |
Plea Deal Likely In Hit and Run Case
An accused hit-and-run driver could avoid a trial and go straight to prison. It's a major development the case of Barbara Lee She's accused of hitting and killing a man.
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Group Holds Vigil For Killed Bicylists
A candlelight vigil will take place Tuesday to honor 7 bicyclists killed this year in Wisconsin.
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Accused Wilmot Hit & Run Driver Released Again
The suspect in a fatal hit and run is out of jail for a second time. Barbara Lee, 41, is accused of killing Gordon Kleifield in Kenosha County.
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Exclusive: Woman Accused Of Fatal Hit and Run Released On Bail
A TODAY'S TMJ4 Exclusive: a woman arrested for killing a bicyclist in a hit and run crash has been set free.
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Woman arrested in hit-and-run that killed bicyclist near Wilmot
A 41-year-old woman has been arrested in connection with the hit-and-run crash near Wilmot last month that killed a bicyclist.
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New Information: Woman arrested in Wilmot hit and run case
After nearly four weeks of what officials described as "a long and difficult investigation," Kenosha County sheriff's investigators have taken a McHenry County, Ill., woman into custody for the hit-and-run ...
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WISN Uncovers New Details On Hit-And-Run Investigation
WISN has new details about the investigation into a fatal hit-and-run of a bicyclist last month in Kenosha County.
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Police search for driver of Jeep
SPRING GROVE Kenosha County Sheriff's police are working to identify the driver of a Jeep Grand Cherokee found Monday in Spring Grove and thought to be involved in a fatal hit-and-run. An anonymous phone call ...
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Police: SUV in Wis. hit-and-run recovered
Police say the vehicle involved in last weekend's hit-and-run that killed a Chicago bicyclist has been recovered.
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Child trapped in submerged vehicle
A 5-year-old child was trapped and recovered from a submerged vehicle Friday night on Highway C near the Camp Lake marsh.
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New Details In Wilmot Bicycle Hit & Run
New details about important evidence in a deadly hit and run crash in Kenosha County.
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Vehicle in fatal located; suspect remains at large
Late Monday night, Kenosha County Sheriff's deputies recovered the vehicle suspected to be involved in a fatal hit and run accident that occurred on Saturday evening near Wilmot.
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Another Bicyclist Killed In Hit and Run Crash
It happened again: another hit and run driver killed another bicyclist, this time in western Kenosha County.
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Pickup Driver Sought In Fatal Kenosha County Hit-Run
Kenosha County sheriff's deputies are searching for the pickup truck driver who hit two bicyclists, killing one of them.
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World of Outlaws: Pittman aims to stay on winning track in Wisconsin
Sometimes it's better not to ask questions. There isn't any way, really, for Daryn Pittman to explain his success in Wisconsin on the World of Outlaws sprint-car tour, but he surely wouldn't change it.
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Sheboygan power plant to shutter 1 of 3 generators by 2013
SHEBOYGAN -- Alliant Energy plans to shut down one of three generators at its Sheboygan coal plant by 2013 as part of an initiative to increase efficiency and reduce carbon emissions.
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Waukesha picks superintendent
The business director for the Oshkosh Area School District has been selected as the next superintendent of the Waukesha School District.
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Popular flamingos return to zoo after a 7-year absence
They're pink, they're famous, and they've got great gams. And that gives them a leg up with fandom.
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Gander Mountain returns to catalog business
The Business Journal of Milwaukee Gander Mountain Co. said Wednesday that it has re-established itself as a direct retailer with the release of its first catalog since 1996, when the firm moved its headquarters ... via The Business Journal - Milwaukee
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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