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Alviso, 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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Alviso, California News
Paving-grading business doubles food donation

Doubling their efforts from last year, Milpitas-based Duran and Venables Inc. collected almost 4,000 pounds of food and other goods from their employees, vendors and the community to benefit the Milpitas Food ...


Eastside/Westside: Outsider artist carves his last totem

Charlie Everett portrait taken on Sept. 30, 2008. Everett, 86, of Milpitas, is a master carpenter who turned his talents to totem poles after he retired.


Downtown College Prep aims to make "hard to serve" kids excel

A charter school to help under-achieving students excel has opened in North San Jose.


San Jose police sketch artist recognized as one of the best in his field

New age music, sometimes even a whiff of incense, floats from the wood-paneled artist's studio next to a bank of holding cells and a wall of weapon lockers in the basement of the San Jose police department.


More grants aid in Alviso adobe renovation

Future improvements and new grants to help renovate the historic but dilapidated Jose Maria Alviso Adobe have been approved by city leaders.


Man accused of killing friend, buying alcohol with his Social...

Police say a homeless San Jose man killed his friend and buried him in a shallow grave near Alviso, and that the suspected killer spent the next four months cashing the dead man's Social Security checks to buy ...


Milpitas school board trustee running for county school board

Milpitas Unified School District Board of Education member Carmen Montano decided not seek re-election to the local board in the Nov.


College prep middle school opens to help push kids onto college.

A small South Bay community finally has its first middle school and Tuesday was the first day of classes at the new Downtown College Preparatory School in Alviso.


Rescuers hope to save 200 feral cats in San Jose

One of 200 cats at a former horse ranch in San Jose that will have to be euthanized if a home cannot be found for it.


Famous tale inspired by valley dog, estate

If you're of a certain age - OK, don't stand up at once - chances are that you were required to read Jack London's masterpiece, "The Call of the Wild," in the seventh grade.


Backstreet Shuffle

I N 1980, San Jose carved itself up into what's often lambasted as the "mini-mayor system," a fragmented balkanization of 10 jagged, haphazard regions represented by 10 councilmembers with their own individual ...


North San Jose development compromise reached

San Jose's City Council and developers reached an agreement Tuesday that advances a plan to build 32,000 homes and create 83,000 jobs in the area.


Alviso Slough Restoration Project is Outside of Water District's Core Mission

Alviso sits at the foot of San Francisco Bay, where Coyote Creek and the Guadalupe River wind through sloughs on their way to the sea.


Alviso Slough Restoration Project is Outside of Water District's Core Mission

Alviso sits at the foot of San Francisco Bay, where Coyote Creek and the Guadalupe River wind through sloughs on their way to the sea.


Alviso river project raises hopes, tensions

Dick Santos was only 11 years old, but he still vividly remembers when flood waters raged out of the Guadalupe River toward his family's home in Alviso.


Santa Clara water board praises part-time CEO, extends high-pay contract

The Santa Clara Valley Water District today extended the contract of its interim CEO, continuing a relationship in which she will work part-time and receive $432,000 this year by drawing both a state government ...


Man survives being hit by train near Fremont

A 43-year-old man suffered head injuries and a compound fracture of his right arm Monday night when he was struck by a commuter train passing through an area near Drawbridge, an abandoned town in the marshlands ...


Police Blotter

Albert Way, 3:12 a.m. June 27 A man and woman acting "suspicious" in a vehicle were determined to be under the influence.


Herhold: Water board's latest drain: public gazebo

For a journalist, the beauty of the Santa Clara Valley Water District - the Golden Spigot - is that its leaders never learn their lessons.


Herhold: The best ways to fritter away time

The ballots are in, and so are the winners. A couple of weeks ago, I asked readers how they might while away an hour or two without BlackBerries, the Internet or expenses of more than $15. And as summer begins ...


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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"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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