Baldwin Park, 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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| Baldwin Park, California News |
Baldwin Park mayor subject of District Attorney review
The District Attorney's office is reviewing allegations of a conflict of interest involving the mayor.
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"Three Kings Day" celebrated at local Wal-marts
Local Wal-mart stores were busy celebrating the Latino Christmas tradition of "Three Kings Day" with in-store appearances by the Three Kings and special deals at the stores over the weekend.
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Leftovers from City Hall: Leftovers from 2008 still warm
It's 2009 and there's no telling what tidings the new year will bring our local cities.
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New Year's baby born in Baldwin Park
Doctors expected Carolyn Ahn to be born on Jan. 11, but they didn't count on her determination to be one of the the first babies born this year in the San Gabriel Valley.
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It's all good at El Appetiz restaurant in Baldwin Park
Last week my boss and I decided that we would like to go out for lunch. It had to be fairly close by, reasonably priced, and taste really good.
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Hellooo, World! First Babies in Southland
A girl born just 52 seconds past midnight at Kaiser Permanente Medical Center in Baldwin Park was among the first born in greater Los Angeles this year, but a girl born at an Orange County hospital took her ...
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Drivers struggle to negotiate LA-area fwy switch
The treacherous transition road between Interstate 10 and Interstate 605 east of Los Angeles strikes fear in nervous Southern California motorists.
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Baldwin Park Unified's Dominguez resigns board seat, moving to Texas
Longtime school board member Marco Dominguez is resigning his seat on the board to teach college-level Spanish in Texas, officials said.
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Shopping centers swarmed with last-minute shoppers
Last-minute holiday shoppers swarmed shopping centers, saying they ran out of time to purchase gifts before Christmas Eve.
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Leftovers from City Hall: Tamales, hot dogs, stashes of snacks and a disputed plaque
The debate over allowed uses in Baldwin Park parking lots is, again, at the forefront of the city's agenda.
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Schools to get auto centers
The school district accepted another grant Monday for auto body shops planned at two high schools at a time when the state is cutting education funding.
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Hilda Solis named U.S. Labor Secretary
Rep. Hilda Solis, D-El Monte, has been named the U.S. Labor Secretary, according to news reports.
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Cold, rain and snow as storm covers California
Rains that pummeled California eased into light showers and clearer conditions for much of the state Tuesday morning, but temperatures rare for the region and the season remained.
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Driver killed on I-15 identified
VICTORVILLE The man killed when his car was crushed between two tractor-trailers on the freeway Monday was identified as Jorge Pedroza , 22, of Baldwin Park, officials said.
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Rainfall expected to taper off by tonight
The season's first significant storm brought a surge of heavy rainfall, led to the death of a California Highway Patrol officer, snarled traffic and caused power outages throughout the Southland.
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Recession swells the number of pets left at shelters
Dogs available for adoption look for attention at the Southeast Area Animal Control Authority in Downey on Wednesday December 10, 2008.
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Baldwin Park's historical society needs volunteers
Baldwin Park was A.) named after Elias "Lucky" Baldwin; B.) was the winter home of the Barnes Circus and; C.) starting in 1906, was a stop on the Pacific Electric Railroad that ran from San Bernardino to Los ...
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El Monte Robbery: It's On Youtube
Police are banking on home video to help find the robbers who ransacked a Deanna Street condominium last month, authorities said Thursday.
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Frank Girardot: Caper caught on candid camera
The "case" in question involves a Blog Go behind the yellow tape in the Crime Scene blog videotaped daylight burglary at a home on Deanna Street in El Monte.
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Baldwin Park man suspected of peeping into young girl's window
A man suspected of peering into a young girl's window and exposing himself to her was arrested this morning after police followed a trail of footprints, cigarette butts and other evidence leading to him.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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