Alamo, 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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(800) 675-9783
| Alamo, California News |
FBI: Girls told agent evangelist Alamo abused them
Before evangelist Tony Alamo's arrest on federal sex charges, three girls who lived at his Arkansas compound told an FBI agent that he had sexually abused them, and one said he had threatened to have "someone ...
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What you love and hate
"... walking into my kitchen and glancing over at the large sculpted pig sitting on the counter.
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Arkansas officials seize 6 Alamo compound children
Tony Alamo, evangelist and convicted tax evader, is seen in this Thursday, Sept.
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Fire chief retiring after 30 years
Craig Bowen was a third-year firefighter in 1981, still green, when a large wildfire spread over Mount Diablo.
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Alamo Considers Incorporation In Special Election
The deadline is quickly approaching for potential Alamo Town Council candidates to file nomination papers for the March 3 special election, according to the Contra Costa County Elections Department.In the ...
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Tree-lightings abound across East Bay cities
Contra Costa County cities plan holiday tree-lighting events over the next few weeks.
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Santa is coming, and the elves are ready, too
LET THE FESTIVITIES BEGIN, and what a better way than to join in the 21st annual Blackhawk Food Drive on Dec.
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35 mph limit 'not enforced' on Livorna Road
One of the attractive features of living in the hills of Alamo is the rolling terrain.
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Economic climate is cloudy, but holiday forecast remains bright in the valley
Cash-strapped residents looking for ways to get into the holiday spirit without breaking the bank will find lots to do in the coming weeks.
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Alamo council candidates learn the ropes
Ten people have already filed as candidates for the March 3 incorporation election.
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De La Salle graduate from Alamo named Rhodes Scholar
Scott Hugo,22, in his Alamo, Calif. bedroom with some of his memorabilia from his days a De La Salle High School and UCLA where he is currently a senior.
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Alamo ponders incorporations effects on police services
Alamo residents active in running the town's police services want to know what will happen to their valued public safety program if voters decide to incorporate.
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Alamo residents say 'please don't lock up public play space"
"That cannot be," said Nancy Dommes, park commissioner. "That park was built with public funds, and it has to be accessible to the public." Dommes explained that on behalf of the Alamo Park District, Contra ...
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Polifroni: Remembering Mom and her November waltz
THE BRIDE in the photo is my mother, Patricia Sullivan Kearns. She is seen here dancing with my father, John Vincent Kearns, on the day of their wedding in April 1947.
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Three-car crash slows northbound I-680 in Alamo
A three-car crash is blocking a lane and slowing northbound traffic on Interstate 680 this morning, the California Highway Patrol said.
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Light the tree, feel the holiday cheer
JOIN THE FESTIVITIES as Alamo residents kick off the holidays with the annual Alamo Tree Lighting from 5:30 to 8 p.m. Sunday, Dec.
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AIM hosting forum with candidate information
Alamo residents interested in serving on a town council can learn what to expect in the first years of a newly formed government, at a meeting hosted by the Alamo Incorporation Movement at 7 p.m. Wednesday.
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Danville sees high turnout on election day
A hotly contested presidential race alongside a controversial and contentious ballot proposition brought voters to polls in Danville in large numbers.
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There's no way to deny it, the community has been good to this police dog
THANKS TO THE generosity of local residents, Deny, a San Ramon police dog, has his own bullet-proof vest to wear while on duty.
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San Martin incorporation denied
The county commission administering the long-running San Martin incorporation effort effectively denied cityhood to the town, but the attorney representing the incorporation's proponents said the decision was ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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