Cabazon, 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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| Cabazon, California News |
Jail meeting slated for tonight
Riverside County officials are hosting a public meeting tonight to discuss their plans to build a hub jail in Whitewater.
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Open House for Proposed Jail in Whitewater
Riverside County officials are hosting a public meeting this Thursday, to discuss a jail proposed for Whitewater.
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Forum On New Jail To Take Place Thursday in Cabazon
The forum will take place at 6:00 p.m. on Thursday, January 8th at the Community Center in Cabazon, located at 50-390 Carmen Avenue.
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Riverside County sheriff launches Web site to defend planned jail
Riverside County sheriff's and government officials hope a new Web site will dispel myths and garner support for a jail planned to be built east of Cabazon.
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Tidbits from the local dining scene
Even fast food places are looking after your wallet this year. Sonic Drive-In has introduced a new, affordable Everyday Value Menu with items priced at just a buck.
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Public invited to open house about Whitewater detention center
An open house will be held Jan. 8 to provide information to the community about Riverside County's plans to build a new detention center.
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City, Tribes Give Gifts and Food To 100 Needy Families
At least 100 families in the city of Coachella received a special gift package, plus a $25 gift certificate from Stater Brothers market Tuesday night at City Hall, courtesy of the city of Coachella along with ...
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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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Man, 23, Murdered Inside His Cabazon Home
Police say a 23-year-old Cabazon man has been found murdered inside his home. Coroner's officials publicly identified the victim Thursday afternoon as Noel Scott Adamczeski.
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'America's Got Talent' champ coming to I.E.
Terry Fator is an old hand at being a ventriloquist, but he only recently became a star.
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Last Minute Shoppers Hit the Stores in Cabazon
Many shoppers are still local stores, trying to find last minute gifts, with time running out.
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Casinos may merry for Christmas and New Year's
Trying to win some cash to start off 2009? Then ringing in the early moments at an area casino might be for you.
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Palm Springs merchants opposed proposed jail
Several Palm Springs hoteliers and environmentalists told Riverside County supervisors last week that a county jail proposed near Interstate 10 east of Cabazon would hurt the Coachella Valley's tourism ...
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DHS Man ID'd as Killed Motorist in Cabazon
Twenty-four-year-old Damian Demeglio of Desert Hot Springs died and two other people were critically injured in a roll-over crash on eastbound Interstate 10, authorities said.
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1 killed, 2 injured in collision on Interstate 10 in Cabazon
One person was killed and two others were critically injured in a collision that delayed traffic on Interstate 10 for hours Friday night.
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One killed, two injured in I-10 crash
One person was killed and two critically injured tonight in a traffic collision that may have been a result of street racing, according to the California Highway Patrol.
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Valley business briefs for Dec. 10
INDIO -- John James, chairman of the Cabazon Band of Mission Indians, was recognized along with five other individuals with the Pathbreakers Award at the "Indian Country's Winning Hand: 20 Years of IGRA'' ...
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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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Smooth Transition
The confusing Cabazon roundabouts amazingly have not become a demolition derby of crashes between Morongo casino gamblers and Cabazon outlet center shoppers.
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Prehistoric Fun
Waitresses at the Wheel Inn, Cabazon's classic dinosaur-themed roadside attraction, do not wear ordinary uniforms that might be expected at a truck stop.
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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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