Brooks, 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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| Brooks, California News |
County, Tribe at odds over casino expansion
A third party might enter the picture regarding casino expansion talks between Yolo County and the Rumsey Band of Wintun Indians.
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Police arrest boy in beauty store robbery
Woodland police have arrested a 17-year-old boy on suspicion of the armed robbery of a local beauty supply store.
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Capay Valley cuisine pleases palates at annual event
Capay Valley Vision, a community based organization established to help preserve and promote the Capay Valley, Sunday hosted its fifth annual "Taste of Capay" benefit dinner and auction, raising nearly $28,000. ...
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Alex Hildebrand weds Garrett Fricke
Alex Hildebrand married Garrett Fricke this past June at the home of Kim and Trish Timothy.
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Power of flowers
On Tuesday mornings, Erin Rochelle DeYoung rides a pink cruiser bicycle a mile from her job in Midtown to the farmers' market at Roosevelt Park, fills her basket up to the brim with fresh, locally grown flowers ...
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'Taste of Capay' benefit dinner Saturday
The rich foods of the Capay Valley will be celebrated at the fifth Annual "Taste of Capay" benefit dinner on Sunday from 2 to 6 p.m. at the Taber Ranch Event Center, located at 20798 County Road 81, Brooks.
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Testimony continues of firefighter accused of arson
The trial of a former Capay Valley firefighter accused of arson continued Monday, as defense and prosecution questioned Cal Fire personnel.
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Sheriff's deputy arrests Madison, Brooks robbery suspect
A St. Louis man has been arrested on suspicion of robbery and burglary in Brooks and Madison.
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Tribe makes casino-impact payment to Yolo County
A portion of a local Indian tribe's multi million-dollar payment to Yolo County is available to people and businesses affected by Cache Creek Casino's expansion, beginning today.
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New bar and grill opens in valley
The Road Trip Bar & Grill opened on Thursday with a wonderful selection of food and drink.
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Yolo County Deputies Seek Missing Woman
Yolo County deputies are asking for the public's help in finding a 77-year-old woman who has been missing since Wednesday.
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Woman missing since leaving casino is dead
A San Francisco woman who has been missing since she was seen leaving Cache Creek Casino last week is dead.
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S.F. woman, 77, found dead near Cache Creek casino
The Yolo County coroner's office said there was no sign of foul play in the death of Tse Chee and no indication of trauma, but that an autopsy could not immediately determine why she died.
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'At-risk' woman missing
Yolo County Sheriff's Department is asking for the public's help in finding Chee Tse, who has been missing since Wednesday.
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Woman Missing in Yolo County for Four Days
Authorities are looking for a 77-year-old woman who was last seen Wednesday walking near a Yolo County casino.
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Casino growth boils down to water and traffic
Those were the concerns of the Yolo County Supervisors Tuesday in their meeting regarding the Cache Creek Casino's proposed expansion.
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Summer activities begin in the valley
Are you ready to part with a pint of your blood? Well then get on over to the Esparto Blood Bank on Monday, June 2. It will be held at the Community Center next to the Esparto Fire Station from 3 p.m. until 7 ...
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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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