Blue Lake, 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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| Blue Lake, California News |
Man convicted in pipe attack gets seven years
A Blue Lake man convicted of attempted murder for striking his girlfriend in the head with a pipe, suddenly and apparently without reason, was sentenced Tuesday.
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Man gets 11 years in 1990 killing of boy, 14
Stephen Daniel Hash, 53, pleaded guilty Friday to manslaughter in the death of Curtis Huntzinger.
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Eureka Man Sentenced In 19-Year Cold Case
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Gone but not forgotten
Every year, communities lose pivotal characters and personalities who shed Shakespeare's mortal coils after creating vast legacies that carry on in their wake.
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Pride of McKinleyville
In 1990, two years after we moved to McKinleyville, a deli opened across from Cal's Unocal station.
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Slain Humboldt County boy's body found
Curtis Huntzinger lay so long in a shallow grave near Blue Lake that his bones were intertwined with the roots of redwood trees that grew up since he disappeared in May 1990.
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A momentous find for a metal detector
For 18 years, the body of Curtis Huntzinger lay buried beneath a stand of young sequoias on the outskirts of Blue Lake.
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The Ukesperience: Not your traditional island music
The Ukesperience is not a Tiny Tim reincarnate. In fact, you'll hear them playing a cover of a Red Hot Chili Peppers or Ween song long before you'll ever hear "Tip Toe Thru' the Tulips With Me" from the ...
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Salmon program officially on track for January
After suffering a near-death experience, the renowned Salmon in the Classroom program is officially back on.
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Crazy About The Mad
The Mad River isn't yet famous for its steelhead run in December. But it should be! By J.D. Richey Northern California's Mad River lives in obscurity.
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Blue Rhythm Revue plays the home town crowd Fri.
Jimmy Moore returns to Southern Humboldt with a new band on Friday, Dec. 19, at the Riverwood Inn in Phillipsville.
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Title I Academic Achievement Awards for 2008-09
State Superintendent of Public Instruction Jack O'Connell today announced that 200 California schools have been selected for the 2008-09 Title I Academic Achievement Award.
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Young man walks to support fellow veterans
Eddie Gray arrived in Garberville on Tuesday, Dec. 3, in the fourth month of a walk around America that he started on April 3 from his home in Ashland, Mont.
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Lake County's stealth frog creating quite an uproar
Just a couple of weeks ago few people in Lake County had ever heard of the California red-legged frog, much less seen one.
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The Music Director
To put it simply, The Glasnost Family Holiday is a musical, and every musical requires a music director.
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Hash pleads guilty to manslaughter
Nancy Huntzinger sat with her family in a Humboldt County courtroom on Friday, and watched as Stephen Daniel Hash, wearing shackles and an orange jail jumpsuit, pleaded guilty to manslaughter in the death of ...
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Man arrested 18 years after teen disappeared
Prosecutors say an arrest has been made in the case of a North Coast teen missing since 1990.
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Arrest made in Huntzinger cold case
The Humboldt County District Attorney's Office has arrested a former Blue Lake resident on suspicion of voluntary manslaughter in connection with the 18-year-old disappearance and death of Curtis Huntzinger.
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Endangered red-legged frog a danger to Lake County tourism
Art Cerini, owner of the Narrows Lodge Resort at Upper Blue Lake, was stunned when he learned the Department of Fish and Game will no longer stock Upper Blue Lake with rainbow trout.
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Salmon -- coming back to a classroom near you
Like a steelhead in high water, the renowned Salmon in the Classroom program just won't quit.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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