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Atherton, 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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Atherton, California News
Puppet show at Atherton Library Monday Dec 8th

Schools & Kids , posted by DeAnn Okamura, a resident of the Atherton: other neighborhood, 2 hours ago Nick Barone Puppets presents it's "Holiday Treats" Puppet show for children of all ages.


Toy drive benefits tots

Menlo Park firefighters are once again pitching in to make the holidays happier for local children with an annual toy and food drive.


December home tours

The historic Ainsley House in Campbell will be all decked out for the holidays and hosting special teas Dec.


Adding finishing touches for the holidays

Four West Atherton homes, not usually open to the public, will be gussied up for the holidays during "Finishing Touches: A Holiday Tour of Fine Homes" on Saturday, Dec.


John Horgan column: Fish fated to be flotsam

JAY Di Giovanni has checked in with a response to a recent item regarding a defunct San Carlos restaurant.


Menlo-Atherton grad facing rape charge

A judge has ordered jurors to return to deliberations Wednesday after they suggested in a note that they had reached verdicts for three of four counts in the MySpace cyber-bullying trial of a Missouri mother.


Menlo-Atherton grad facing rape charge

A recent graduate of Menlo-Atherton High School is facing charges that he raped a woman at a Halloween costume party at Oregon State University, where he was a sophomore.


Atherton officials make pitch for new town hall

Behind the scenes at Atherton's administrative offices and police station, town staff work in cramped, cluttered and inadequate quarters, said town officials at a public meeting held Thursday, Nov.


Portola Valley bites bullet, gives 'manager' title to top exec

Angela Howard continues in her position at the top of the town staff in Portola Valley, but her title of town administrator is history.


M-A canned food drive needs volunteers

The ninth annual canned food drive is on at Menlo-Atherton High School, in which the community pitches in to provide boxes of food to cheer the holidays for families of about 500 M-A students from Menlo Park ...


Student avoids prison for dry-ice 'bomb'

Nine days on the roadside picking up trash rather than a stay in prison is likely ahead for Justin Benjamin Levey, 19, after his "no contest" plea on Nov.


Buck Institute not immune from economic crisis, searching for stem cell building funds

The economic crisis that has gripped the nation is making it tough for the Buck Institute for Age Research to raise the $20.5 million it needs to build a new building and conduct stem cell research at its ...


High-speed rail measure passes, to dismay of local opponents

Some local residents were unhappy to learn that California Proposition 1A, the $9.95-billion bond measure to provide the first wave of funding to run high-speed, all-electric trains between San Francisco and ...


Teen Pleads No Contest To Making Dry Ice Bombs In Dorm Room

A 19-year-old man accused of creating dry ice bombs in March that police accidentally set off, causing temporary hearing loss to two officers, pleaded no contest Monday in San Mateo County Superior Court to ...


Everest Charter High School petitioners get hearing

Petitioners seeking to open Everest Charter High School in September 2009 continued their quest for a charter, and Everest's opponents continued their quest to deny it as both sides made brief presentations to ...


Vaccarello, Richardson united in marriage

Christina Vaccarello of Los Altos, California and Daniel Richardson of Ellerbe were married on May 10, 2008 in a garden ceremony in Atherton, California.


County names new director of libraries

The new director of the San Mateo County library system is something of an old hand at library operations.


National Gaming Day @ Atherton Library

Schools & Kids , posted by DeAnn Okamura, a resident of the Atherton: other neighborhood, 1 hour ago November 15th, Saturday National Gaming Day @ Your Library 10 am to 5 pm Help us set a national record for ...


Get local election results online Tuesday night

Polling places are open from 7 a.m. to 8 p.m. on Election Day, Tuesday, Nov. 4. By law, you have a right to vote if you are in line at the polling place when the polls close.


Atherton: Johns wages e-mail campaign for old job

Atherton in-boxes are awfully busy lately, as former finance director John Johns has unleashed a barrage of e-mail missives to the City Council and town officials threatening litigation, demanding his old job ...


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