Arcadia, 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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| Arcadia, California News |
Long Time Arcadia Teacher Loses Home to Fire
Jack Laidlaw, 61, awoke to a knock on his door at around 11pm November 15. Frightened residents, firefighters and police were advising people to evacuate from the Oakhurst Mobile Home Park in Sylmar due ...
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Two charged with operating brothel in Arcadia
A man and woman were charged with operating a house of prostitution in Arcadia Wednesday night, authorities said.
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Shots fired in Arcadia
*Robbery* 263 W Palm, Arcadia; Caller stating inside their residence 4 male Hispanics robbing residence, PD out with 2 at gun point to front of residence, 1 Caller is inside closet stating he heard 1 shot fired by suspects and his friend screaming, Multiple units from Arcadia and Monrovia PD onscene, Possibly 2 more suspects inside residence; 507.0625@2022 CABN01 ###
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Man dies in Arcadia after crashing car into a tree
A man was pronounced dead Tuesday after he crashed his car into a tree, authorities said.
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Track policy seeks to protect horses
Trainers and owners found to have sent injured or retired racehorses to slaughter will be banned from running or stabling horses at Santa Anita Park under a new policy from Magna Entertainment Corp., the ...
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Body found in park identified
Authorities have released the name of a man whose body was found floating in the waters of the Peck Road Water Conservation Park Saturday.
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Ghost Orbs Captured in Photos Arcadia California
I have been forwarded these great photos something strange is captured within these seemlessly normal pictures turning them into paranormal phenomena.
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Police investigate suspicious death
Police are investigating a possible drowning after a man was found floating in the water at the Peck Road Water Conservation Park on Saturday.
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Man arrested with $50,000 in allegedly stolen goods
A man was arrested Thursday when police allegedly found him with about $50,000 worth of reportedly stolen gold, silver, jewelry, dentures and other items, officials said.
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Prostitution sweep nets 4 arrests
Police arrested four people - including a 13-year-old - on prostitution-related charges last week by responding to Craigslist advertisements, officials said.
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Man shot to death by police had previous confrontation
A man shot to death by police officers on Nov. 17 had been in a fight in May with a different police officer, authorities said.
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El Monte, Arcadia men die after boat capsizes off coast of Oxnard
Authorities say two local men whose boat capsized off the coast of Oxnard have died.
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Troubled Golden Gate Fields Parent Co. Hires Leading Bankruptcy Lawyers.
Magna Entertainment, the endangered parent of Albany's Golden Gate Fields, has hired a bankruptcy lawyer and is surviving on week-to-week loans.
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Arcadia Interfaith Group Gives Thanks
Giving thanks for our blessings has been a tradition in America for over 400 years focusing on the year's bountiful, or even hopeful, harvest.
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Fire guts Arcadia home
A family was displaced Sunday when their house sustained about $125,000 worth of damage in a fire, officials said.
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L.A. County offers crisis counseling to fire victims
The Los Angeles County Department of Mental Health is offering free crisis counseling to victims of the Sayre and Freeway Complex fires.
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Geography of Arcadia-California
"Geography of Arcadia-California." 30 March 2008. HowStuffWorks.com. 20 November 2008.
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Arcadia extends massage parlor ban
City officials have extended a moratorium on massage therapy businesses by another 10 and a half months.
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Residential Burglary, Stolen Car and a Carjacking
About 1:50PM today, Officers were dispatched to a residence in the 1000 blk of Panorama on report of a residential burglary having just occurred. Panorama is located south of Colorado and east of Michillinda . The resident had returned home and observed a suspect and suspect vehicle in her driveway.
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Methodist Hospital and the City Survive the Great Shake-Out
The City of Arcadia participated in the "Great Shake-Out" on Thursday of last week opening the Emergency Operations Center at the Police Department.
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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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"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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