Altadena, 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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| Altadena, California News |
Sheriff's station to host "2008 Tour of Altadena" bike ride
The sheriff's Altadena Station is hosting a 12.5-mile bike ride through the city at 9 a.m. Saturday at the station, 780 Altadena Dr.
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Altadena charity shop has Christmas sale
The PEO Daz-e Shop, a thrift, antique and collectibles shop run by the charitable educational organization, is hosting its annual Christmas sale now through Dec.
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Rewards offered in Altadena homicide cases
At the request of Supervisor Michael Antonovich, the Board of Supervisors approved one reward for information in the death of 24-year-old Anthony Lofton, who was shot at Jim's Burgers on Lincoln Avenue near ...
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Paddy's Pig has a wee bit of the Irish
The Los Angeles-based band Paddy's Pig offers up a selection of Irish and Celtic music with a slight twist.
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Along the Scouting Trails
Troop 509's open house is Dec. 1 JPL Boy Scout Troop No. 509 invites all interested boys and their parents to attend their annual open house at 7 p.m. on Dec.
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St. Nick takes time to drop in for visit at Altadena Library
Santa Claus is coming to town - to the community room at the Altadena Library, 600 E. Mariposa St., at 11 a.m. Dec.
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Altadena: 7 arrested after street melee
Date : Sat, 29 Nov 2008 16:12:41 -0800 San Gabriel Valley Tribune November 26, 2008 Wednesday 7 arrested after street melee ALTADENA - Seven people, including a 71-year-old man, were facing charges Wednesday ...
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Classic and cutting edge art Evan Chambers uses glass blowing and...
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The Local Buzz, Nov. 27
AT&T Inc., the nation's largest wireless provider, this week announced the activation of a new cell site near Altadena that will enhance coverage for area residents and businesses.
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Seven people arrested in Altadena brawl
Seven people, including a 71-year-old man, were facing possible charges Wednesday stemming from an armed brawl along Atchison Street in Altadena that left one man injured.
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Pasadena, Altadena & San Marino Ca Are Great Cities To Call Home
Filed under: General ; Author: Admin_K; Posted: November 26, 2008 at 5:16 am; San Marino Known for its prestigious school district and luxurious homes, San Marino is a well established and magnificent city to ...
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Large brawl reported in Altadena
Roughly half a dozen people were arrested Tuesday after an armed brawl that encompassed an entire city block and sent a man to the hospital.
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Mitchell, former Pasadena judge, dies
Elvira Mitchell, a retired judge who served at the former Pasadena Municipal Court, has died of natural causes at her Altadena home.
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Buckle up for the rough times ahead
You know, dear readers, sometimes it is very difficult to think of things worth putting down on paper.
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Firefighter's stand saves homes of former neighbors
Some of Los Angeles County Fire Capt. David Yonan's happiest memories are of the two years he spent living with his ex-wife at the Oakridge Mobile Home Park.
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Flare-up in gun violence troubling
Police and sheriff's detectives are piecing together details of three shootings within a 2-mile radius since Thursday.
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Southern California Wildfires Producing Thick Smoke
Altadena, California -- Early Sunday morning, November 16, the first ever Pasadena marathon was canceled due to the heavy smoke covering the region from wildfires to the northwest and southeast.
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Making legal history
Soon after Barack Obama became the first African American to win the presidency, Pasadena High School graduate and former Altadena resident Dawna Frenchie Reeves was making California history as the first black ...
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Cast of millions puts on Calif. earthquake drill
Southern Californians dropped to the ground, covered their heads and held on to the furniture Thursday for a mock "Big One" - an earthquake drill billed as the largest in U.S. history and aimed at testing ...
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Man shot in front of Altadena liquor store
A 19-year-old man was shot in front of a liquor store in Altadena Thursday morning, authorities said.
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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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