Banning, 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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| Banning, California News |
Gunman Loose Following Shooting in Banning
A man wounded in a shooting at an apartment complex in Banning was hospitalized in critical condition Wednesday, and police asked for the public's help in finding the shooter.
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When Life Gives I-10 Lemons, Make a Lane Closure
BANNING, Calif. -- A big rig accidentally dumped its load of lemons on Interstate 10 near state Route 60 on Wednesday, prompting a lane closure, according to the California Highway Patrol .
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SoCal man found dead outside In-N-Out
A Banning man was found dead in a parked car outside an In-N-Out Burger restaurant just off Interstate 10 near Thousand Palms, a deputy coroner said Sunday.
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Body in car in Thousand Palms identified as Banning man
A Banning man was found dead Saturday in a parked car in a Thousand Palms parking lot.
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Canyon Lake: Councilman's wife had a history of unpaid loans, court documents say
Suzanne Kessler, the wife of former City Councilman Frank Kessler, had a habit of borrowing lots of money without paying it off, long before she and her husband were arrested Dec.
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Plastic Trap: More seniors turn to credit cards for survival
As retired teachers Bill and Beatrice L. Clay put it: "We had health and medical problems and put the bills on high interest credit cards.
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Whitewater Preserve transforms trout farm into park
When the Wildlands Conservancy took over the Whitewater Trout Company two years ago, the Yucaipa-based nonprofit set itself a goal not only of restoring the native plants and habitat at the site, but making it ...
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Run Away Teen
A twelve year old Banning girl has been missing for more than two weeks. 12 year old Jasmine Wilson Zuniga disappeared on December 5th - and now her father Ruben Wilson father says he knows where his daughter ...
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Suspect held in fatal Cabazon stabbing
A man was being held without bail today on suspicion of fatally stabbing a young man early Christmas Day in Cabazon, according to sheriff's and jail officials.
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Sex offender out on bail, accused of molesting boy
BANNING - A 50-year-old sex offender suspected of molesting a 14-year-old boy was free on $50,000 bail on Wednesday, one day after the Banning resident turned himself in.
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Banning gets into spirit of season with Winter Magic event
Children decorated cookies with colorful candies and painted their own ornaments during the Winter Magic Celebration in Banning on Saturday.
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Giving back: Plenty of holiday spirit in the valley
In this weekly feature, The Desert Sun spotlights valley firms performing good deeds.
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Riverside Pet Shelters Also Taking Food Donations
Four Riverside County pet shelters are accepting food donations for families in need, as well as pets.
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More rain and snow causing traffic woes
The second cold-weather storm is hitting the Inland area today, bringing more rain, snow and commuting challenges to the region.
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Snow Blankets Banning Pass
Snow continued to blanket the Banning Pass Wednesday afternoon. KMIR 6 Producer Kristen Outlaw snapped these photos around the Highland Springs exit off I-10. This is the first snow of the winter season for the ...
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Banning New Thermal Generation not Good Policy
Tuesday, 16 December 2008, 3:23 pm Press Release: Wellington Chamber Of Commerce The Wellington Regional Chamber of Commerce has welcomed the government moves to overturn the ban on new fossil fuel generation.
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Smooth Transition
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Safety, Negative Tourism Effects Argued by Whitewater Jail Opposition
A new 7,000 bed jail near the small town of Whitewater may solve the county's jail overcrowding problem.
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East Datebook --
Hemet Toastmasters Club meeting is set for 6:30 p.m. every second and fourth Wednesday at the community room of Provident Bank, 1690 E. Florida Ave.
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Three Women Nabbed in Massage Parlor Prostitution Sting
An undercover sting at a massage parlor in Banning netted three women in suspicion of exchanging sexual favors for money during massage sessions.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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