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Adelanto, CA Divorce Buyout in California

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 California, 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 CA

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Adelanto, California News
Man robbed at gunpoint at own home

ADELANTO Sheriff's investigators are searching for two men who used a gun to force a man into his home, then robbed the victim of electronics, camera equipment and cash, officials said on Wednesday.


Airport authority, local cities to examine Victorvillea s new commission

VICTORVILLE The Victor Valley Economic Development Authority has called a meeting of its own - scheduled three hours before the city's special meeting on its new airport commission - to discuss how the ...


Trustee gains extension with second seat

ADELANTO The election ended nearly four weeks ago, but the Adelanto School District is still short one board member, while Trustee Holly Eckes secured a second seat before her current term was up.


No change in local management, after Downey, PFF fail

Customers won't see a change in staff or services at any of the eight local branches of Downey Savings and PFF Bank & Trust, though both banks were recently acquired by U.S. Bank.


Lodi hires deputy city manager

Lodi City Manager Blair King tapped a veteran local government administrator Tuesday as his second-in-command. Jordan Ayers, a deputy director for Sacramento County's General Services Department, has accepted ...


Tully seventh in Barona debut

Brian Tully made his Barona Speedway racing debut November 8 and finished seventh in the Hobby Stocks main event.


Private sector declines, but government continues to spend

At a time when stores like Mervyns and Circuit City are closing hundreds of locations, and thousands of private sector jobs are being cut, government jobs and salaries are remaining safe.


Mitzelfelt's PAC gives to local candidates

Political action committees are formed to raise and spend money on candidates. They often are created to advance a political agenda or further the interests of businesses or industries.


Adelanto teacher gives birth inside car

ADELANTO Doctors may give parents-to-be a due date, but many know that the baby comes when the baby is ready.


Crime and Public Safety, November 12

ADELANTO Police arrest driver in pair of crashes Deputies arrested a Fontana man Saturday they say was involved in a hit-and-run followed by another serious traffic collision.


Gang members among five arrested in drug raid

VICTORVILLE Anti-gang detectives and deputies arrested five people, including two gang members, in a drug-sales raid only blocks away from two schools, officials said Thursday.


NAACP balks at Weaver firing

VICTORVILLE Local black leaders are questioning the sudden firing of Victor Valley Union High School District Superintendent Julian Weaver , and some 20 area ministers are expected to bring up the dismissal ...


Eviction deputy goes it alone in High Desert

Evicting someone from a home is never a compassionate process, so Stan Bennett makes up for it with courtesy and kind words before going about his business.


Around the County

A 17-year-old Adelanto student who was attacked and robbed of his iPod by a bat-wielding teen was sent to an area trauma center with major injuries, officials said.


Adelanto AMVETS post open again

ADELANTO Two years after it burned down, the Adelanto post of American Veterans is open for business again - in a new and improved building.


Rape trial goes to jury

VICTORVILLE The trial of a 53-year-old Adelanto man charged with drugging and raping a 15-year-old girl went to a jury Thursday.


211 calls reflect economic uncertainty

VICTORVILLE The United Way 211 help line has seen a significant increase in call volume, with Victor Valley requests focusing on help with utility bills or rent - an indicator of how the economy is affecting ...


Nearly $1 billion in education bonds on ballot

Local voters who hit the polls Election Day will decide whether four education bonds promising to build new schools and upgrade facilities are worth a 20- to 40-year tax hike.


Candidates divided over new high school

ADELANTO The city will get its first high school in about three years, but school board candidates are divided over whether the new school should be incorporated into the Adelanto School District.


Juvenile attacked with baseball bat for iPod

ADELANTO A 17-year-old Adelanto student was attacked with a baseball bat and his iPod was stolen, officials said Friday.


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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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