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Atwater, 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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Atwater, California News
Atwater tradition: 'Christmas Adventure' returns

"A Christmas Adventure" returns to Atwater for its ninth year of performances on Dec.


Atwater softball coach sentenced for child molestation

That's what a mother called Henry Esparza Jr., the Atwater man convicted of molesting her daughter, in Merced Superior Court on Thursday.


Service on Merced County bus system to be sliced

The Bus will end its Saturday service Dec. 27, a decision caused by the mammoth state budget deficit."I don't like cuts," system manager Larry Shankland said Friday.


'Nutcracker' performed at Buhach Colony theater

Guest artists Elizabeth Williams and Wally Layne from Central West Ballet in Modesto will perform lead roles when the Merced Civic Ballet, in affiliation with the Merced County Arts Council, Inc.


Around Town: Feed a family

Central Valley Opportunity Center is seeking donations of food, cash and toys for its annual Christmas Baskets Project.


Merced pedophile sentenced to six years

A convicted pedophile from Atwater is spending his Thanksgiving in the clink, after being sentenced to six years in prison earlier this month.


Farmers' Health Insurance: A Costly Row To Hoe

Paula Floriano and her family run a dairy farm in Atwater, Calif. Because of high health care costs, she says she and her family don't seek medical care unless it's absolutely necessary.


Medical marijuana advocates sue DMV

EDITOR'S NOTE: This is a sampling of political writer Josh Richman's blog, The Political Blotter.


Medical pot-smoking driver sues DMV to get her license back

The voters who passed Proposition 215 in 1996, allowing Californians to use marijuana for medical purposes with their doctor's approval, "did not intend for the DMV to have authority to strip medical marijuana ...


Medical pot user sues DMV to get license back

A 53-year-old Atwater woman will file a lawsuit against the DMV for revoking her license because she's a medical marijuana user.


What is Sold For: Atwater Cozy: A little perspective: Remember that cozy...

A little perspective: Remember that cozy house in Atwater Village Avenue on Madera that went into escrow just a week after being listed in early September? A reader forwards the sale price: It was listed at ...


Feds chip in money to the Merced Multi-Agency Gang Task Force to help fight gangs

The Merced Multi-Agency Gang Task Force got a $50,000 boost in its fight against gangs, thanks to a federal anti-gang initiative.


CHP dispatcher heard it all during 35 years taking calls

Sandy DeMott remembers the days when the Merced California Highway Patrol's dispatch center would field calls with rotary phones.


Local schedule for Friday, November 14, 2008

Cabrillo at Merced, 3:45 p.m. WOMEN'S BASKETBALL San Joaquin Delta at Merced College, 7 p.m. VOLLEYBALL Merced College at COS, 7 p.m. PREPS BOYS FOOTBALL Merced at Pitman, 7:30 p.m.; Buhach Colony at Los Banos, ...


Local schedule for Tuesday, November 11, 2008

Sac-Joaquin Section Playoffs: Merced at Downey, 3 p.m.; Hilmar at Linden, 3 p.m.; Livingston at Escalon, 3 p.m.; San Juan at Le Grand, 3 p.m.; Delhi at Vacaville Christian, 3 p.m.; Mariposa at Capital ...


Man acquitted in '86 killings shot in Eureka

Robert Daniel Thompson, the man acquitted of murder charges in the 1986 unsolved homicides of two Atwater girls, is in the hospital after being shot Friday in Eureka.


Atwater has options in filling council seat

The Atwater City Council is in limbo. Joe Rivero's death has created an empty council seat that needs to be filled.


Hells Angel shot Friday was cleared of murdering girls in Merced

The man shot outside an Old Town bar in Eureka Friday night had recently been acquitted of murdering two girls in Atwater in 1986.


Local: Fewer vets answer call to burial duty

For more than three decades, members of the Veterans of Foreign Wars Honor Guard have donned uniforms and shouldered rifles to pay final homage to fellow service members buried at the San Joaquin Valley ...


Uncertain changes ahead for Calif. egg industry

Uncertain changes ahead for Calif. egg industry In this Wednesday, Sept. 10, 2008 file photo, chickens huddle in their cages at an egg processing plant at the Dwight Bell Farm in Atwater, Calif.


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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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