Apple Valley, 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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| Apple Valley, California News |
S.B. County Police and Fire Reports -- 11/20
A rollover accident along a San Bernardino street killed a driver Wednesday after she apparently lost control on a curve, police say.
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Mountain lion suspected in attack on family's dogs
APPLE VALLEY When Scott Nobles returned home from tending to a sick horse, he and his fiance were shocked to find one of the couple's dogs badly hurt and bleeding, and the other dead.
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Shoppers help catch man who robbed 83 year-old
APPLE VALLEY A group of shoppers helped officials arrest a man who robbed an 83- year old inside a store's bathroom, officials said.
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Two killed in Apple Valley
Two High Desert women were killed last night after the driver of a pickup truck turned left in front of their 1997 Ford Escort in an Apple Valley intersection, according to San Bernardino County coroner's ...
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Marrow sought for boya s survival
VICTORVILLE A Victorville boy who turned 14 Tuesday was poised to go out for football, basketball and baseball during his first year at Victor Valley High School - instead he is focused on making it to his next ...
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Homeowners beware after devastating fires
It's a devastating situation. In an instant, a person's world crumbles when a fire decimates their home.
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Politically Speaking: Thata s what I call grass roots
Newly elected Apple Valley Unified School Board member Dennis Bender received more votes in the recent election than any other candidate in any council, school board or special district race in the Victor ...
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Neighbors fear for safety on their street
HESPERIA Construction that closed Rock Springs Road and that's directing drivers south along Centennial Street is creating some of the worst traffic the residents of the small road have seen in more than a ...
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Getting to know McEachron
VICTORVILLE Though he'll be new to the City Council in December, Ryan McEachron has been working for Victorville residents for years.
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About Measure C
We suppose that, come tomorrow morning, we'll have learned that Victorville residents approved Measure C at the ballot box Tuesday.
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Fatal liquor store shooting arrests announced
Two Apple Valley men have been jailed in connection with last month's fatal shooting of a man outside a liquor store in that High Desert city, according to San Bernardino County sheriff's officials.
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AV man with Alzheimer's and diabetes missing
An 86-year-old man with Alzheimer's is missing after driving away from his Apple Valley home on Sunday.
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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.
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WinCo Foods backs out of Hesperia
HESPERIA The WinCo Foods discount supermarket slated to open in this city has pulled out of the property deal a month before closing escrow, the property owner said.
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The Haunted High Desert
APPLE VALLEY When an Apple Valley couple set up a camera to catch kids toilet papering their home, they were surprised to have captured a blue entity that confirmed their notion that something unearthly and ...
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valley, facility, million
Why reject a good deal? I am surprised the folks in Apple Valley can rationalize the expenditure of $8 million for an animal impoundment facility when they could purchase one for $2 million.
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Crematorium project not dead after all
APPLE VALLEY Residents, churchgoers, nearby businesses and even the project owner himself thought a proposed crematorium was dead and buried weeks ago.
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Time for a radical revolution in education
Measure V is a golden opportunity for voters to weigh in on the current state of education.
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Firefighters Battle Second Two-Alarm Fire At SCLA In Two Days
Firefighters battled their second two-alarm fire at Southern California Logistics Airport in as many days Saturday.
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A Dream House Built From a Nightmare
'Build it and they will come,' says former Palisadian Peggy Mallett Harris, 59, who last month completed her dream house: a home for brain-injured adults in Ventura.
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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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