Bridgeport, 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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| Bridgeport, California News |
Small Quake Rattles North of Bridgeport, California
A small earthquake hit near the Nevada-California line north of Bridgeport late Tuesday night.
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Heavy snow forces some Lake ...
Good morning and Merry Christmas from Lake Tahoe, where chain and snow tire controls are in effect throughout the entire region, reports Caltrans and the Nevada Department of Transportation.
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Road report - Christmas - 9 a.m.
All routes are open with no controls with the following exceptions: IR80: - Road closed for 80.5 miles between Applegate California Exit 128 and 0.6 miles west of Garson Road Exit 4. - Snowtires or chains ...
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Local naturalist Olmsted opens 'library of time'
Naturalist John Olmsted will sell nature and history books from his Earth Planet Museum at Saint Joseph's Cultural Center in Grass Valley starting tonight.
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No chains on I-80 in Sierra
U.S. Interstate 80 has been opened through the Sierra without chain controls for the first time since a winter storm moved in Sunday night and brought up to 2 feet of snow to the Lake Tahoe region.
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Lake Tahoe weather update: lake effect warning continues this morning
A lake effect snow warning continues this morning for Incline Village and Crystal Bay, which should cause dangerous driving conditions for morning commuters, especially those headed to and from the Carson and ...
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NDOT update on area roads
The Nevada Department of Transportation is reporting the following conditions on area roads: I-80: - Chains required except for four-wheel drive vehicles for 76.9 miles between Applegate California Exit 128 and ...
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Celebration in Bridgeport Saturday
Intertex Properties hosts a "Grand Opening Celebration" at Bridgeport Marketplace Shopping Center from noon to 4 p.m. Saturday.
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Coalition for Public Access urges attendance at Forest Service scoping meeting
Submitted Article The Bridgeport Ranger District of the Humboldt-Toiyabe Forest will hold a public scoping meeting to introduce its Travel Management Plan next Wednesday, December 10, at Smith Valley High ...
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State's largest river park in works
The Trust for Public Land is proposing to purchase 2,706 acres along the Yuba River - a deal that, if nailed down, could create the longest river conservation project in the state.
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Old Time Notes
A short time ago we had a call from Messrs. McFaul and Keene, the proprietors of the Switzer Gulch sawmill.
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Vehicle restrictions planned for Bridgeport Ranger District
A proposal to restrict vehicles to designated routes in the Bridgeport Ranger District, in Mono, Douglas, Lyon and Mineral counties will be unveiled at a series of open houses starting 4-6 p.m. Saturday at the ...
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Bridgeport Landfill closure costs more than 1 million
Bishop Community Concert Association Presents Bella Sorella will perform at the Bishop Union High School auditorium at 7:30 p.m. Nova and Susanna Jimeniz with Shinobu Kameyama is an award winning soprano ...
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Gen. to cops: Give Marines traffic tickets
The Corps' western regional commander has issued a plea to local law enforcement agencies: Please, don't do my Marines any favors.
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Prop. 8 and the school debate
Sex Education in California schools If a California school district chooses to teach Comprehensive Sexual Health Education, guidelines set by the California Department of Education are specific.
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Outbound Escapes
The fall bird migration is in full flight. Here's a look at birding excursions and hiking-related events to get you basking in the fall air before winter arrives.
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Show of support for local cancer victims returns to Bishop City Park
It's time once again to lace up the running shoes and head out to the Bishop City Park to help the Eastern Sierra Breast Cancer Alliance help our neighbors in need.
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Fossett Items Found Near Mammoth Lakes
Authorities said a hiker discovered two ID cards issued to Fossett by the Federal Aviation Administration.
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Pizen Switch Shrine Club News
Submitted Article Thanks go to Joe and Mouryne Dini for sharing their backyard for the barbecue on September 13.
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Mammoth Middle School Scores Big on Academic Performance Index
For a complete calendar, click on the Community Calendar link in the left hand navigation bar Thursday September 18 Free GED Preparation/Basic Skills Tutoring 1 p.m. 3 p.m. by appointment, for Native Americans ...
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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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