Ballico, 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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(800) 675-9783
| Ballico, California News |
Meetings for Nov. 17
Vista 4-H Club of Denair at 7 p.m. 13890 Looney Rd. Ballico. Info: 874-1309. Clubs Line dancing for seniors at 10:30 a.m., 755 W. 15th St.
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Around Town: Pick ribs, chicken
The Livingston-Delhi Veterans of Foreign Wars Post 8327 and its Ladies Auxiliary are holding a Miss Livingston-Delhi VFW contest for girls enrolled in school in Livingston, Delhi, Ballico, Cressey or a private ...
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Victim of deadly North Merced County crash was loving father
A loyal friend with a big heart and a loving father of two daughters. That's how grieving friends and family members remember Jason Arnold, a 35-year-old Snelling man who was killed in a car collision in ...
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Snelling man killed after car is knocked off road near Ballico
One man is dead following a 6:05 a.m. collision Monday between a van and a sport utility vehicle on Oakdale Road, north of East Avenue.
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Merced County firefighters battle two rural blazes
Pile of tires burns at Ballico scrap company and a haystack destroyed. Firefighters from Cal Fire responded to two fires during the weekend -- a haystack fire and two piles of rubber that were ablaze.
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Around Town: Local Miss VFW contest
The Livingston-Delhi Veterans of Foreign Wars Post 8327 and its Ladies Auxiliary are holding a Miss Livingston-Delhi VFW contest for young women enrolled in school in Livingston, Delhi, Ballico, Cressey or a ...
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Nine Merced County schools put on state's Program Improvement List
Nine campuses put on Program Improvement list. By DANIELLE GAINES dgaines@mercedsun-star.com Local school districts got their own report cards from the federal government -- and many of them are teetering on ...
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Fatal Big-Rig Crash
A crash between a car and a big-rig hauling produce Saturday evening near Ballico killed the 16-year-old boy who was driving the car.
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16-year-old dead after car, big rig collide, topple into canal
A 16-year-old boy was killed in a big rig versus car collision on Saturday near the intersection of Bradbury Road and Pepper Street, the California Highway Patrol reported.
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Big rig, car crash into canal
The car is reportedly under the big rig and submerged in water. Emergency workers on scene have asked for a response from the Merced County coroner.
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Letter: Set higher standards
Editor: It was just about two years ago on Oct. 12, 2006, that Riverside Motorsports Park released the final environmental impact report for their project north of Castle Airport after five years of hype and ...
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Public meetings for Aug. 11
City of Merced Personnel Board at 5 p.m. Civic Center. Info: 385-6866. Atwater City Council at 6 p.m. 750 Bellevue Rd.
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Shooting suspect kills himself after car chase
A 31-year-old man killed himself on Saturday after engaging officers in a 30-minute car chase, the California Highway Patrol reported.
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New grand jury members sworn in
The 2008-2009 Merced County civil grand jury has been selected and sworn in by superior court Judge Carol Ash.
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Police cite liquor stores for selling to minors
A sting operation found violations in 4 shops in Hilmar and Stevinson. By VICTOR A. PATTON vpatton@mercedsun-star.com Several store clerks and businesses suspected of selling alcohol to minors are now going to ...
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Picture This: Cultural lessons
Nathanial Nishido, 4, of Riverbank, and David Monaghan, 6, of Pleasant Hill, have cornstarch on their hands to keep them from sticking to the mochi at Tomodachi Gakko on Tuesday, July 1, 2008.
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Marijuana farm with 5,000 plants busted
Merced County sheriff's investigators found 5,117 marijuana plants in a remote rural area of northeast Merced County on Thursday -- a growing operation they say had a street value between $3 million and $5 ...
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Modesto man accused of stabbing 15-year-old Ballico girl
A 15-year-old girl is recovering after she was allegedly stabbed Monday by a 21-year-old man.
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Our View: Sanders and Kelsey for Board of Supervisors
Tuesday is election day in Merced County. While presidential elections get all of the attention, local political leaders have a much larger impact on the lives of Merced County residents.
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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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