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Divorce Buyouts
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Calimesa, 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
Call for COMPLETE details NOW!
(800) 675-9783
| Calimesa, California News |
Police Pursuit In Calimesa Leads To Two Arrests
Two people have been arrested after leading police on a wild car chase across the Riverside County border line from Calimesa to Yucaipa Wednesday evening.
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Got a date? Short on funds? Calimesa library provides alternative
For a couple on a date, the cost of a night out at the movies can run about $10 or more per ticket.
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Washington Mutual Robbed In Calimesa: Police Seeking Suspect
Police in Calimesa are searching for a suspect who robbed a bank on Tuesday. At around 3:36 PM, officers from the Calimesa Police Department responded to an armed robbery at the Washington Mutual Bank, located ...
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Americans drowning in debt
CHICAGOa 'Diane Shackle found it gut-wrenching to walk away from a mortgage she took out in times that were better for both her and the U.S. economy.
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State's financial crisis will affect school district
The state of California is in a financial crisis, which will have a drastic impact on the Yucaipa-Calimesa School District's ability to fund existing levels of service.
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Calimesa City Council gets down to business
The Dec. 15 Calimesa City Council meeting was a busy session and it only lasted three hours.
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Bean named newspaper executive of the year
Gerald "Jerry" A. Bean, owner of the Yucaipa/Calimesa News Mirror and other area community newspapers, has been named "newspaper executive of the year" by the California Press Association.
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Calimesa kids get a visit from Santa
Santa and 15 of his elves brought an early Christmas to about 200 Calimesa and Yucaipa children Saturday at the Calimesa Norton Younglove Senior Center.
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Yucaipa Council makes assignments
As the newly seated Yucaipa City Council organized and assigned council members to various committees and organizations, three significant issues were presented.
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Lake Elsinore: District hires interim finance chief
The Lake Elsinore Unified School District has hired John Malone as interim assistant superintendent of fiscal support services.
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Calimesa planners approve requests
Commissioner Jeff Hewitt took the gavel of the Calimesa Planning Commission meeting Dec.
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People weigh in on auto-bailout proposal
I went out into the street and asked people about a topic on the minds of many people: What do you think about the proposed multi-billion-dollar bailout of Detroit's big three automakers, General Motors, ...
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YCEA seeks arbitration on issue district found
In a press release issued Monday, the Yucaipa-Calimesa Educators Association said it will seek arbitration regarding an issue with the Yucaipa-Calimesa School District claiming four teachers were denied salary ...
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Family Service shop spreads cheer
History repeated itself recently, as it has for the past 62 years. The Breakfast Club of Redlands held its annual benefit, this year named "Champagne and Chocolates." As it has every year since its founding in ...
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Yucaipa's Freeway Corridor Plan is approved
Yucaipa's Planning Commission and City Council have addressed all the major issues pertinent to the zoning of the Freeway Corridor Specific Plan; the project that will include major development in the area off ...
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Kids get look at Native American culture
Fourth-graders from Redlands and Yucaipa-Calimesa school districts enjoyed the opportunity to try their hand at traditional Native American dancing and singing at the "California's First Cultures: A Celebration ...
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Traffic Bumper-to-Bumper on I-10 as Holiday Travelers Drive Home
As usual on the Sunday after Thanksgiving, holiday traffic on westbound Interstate 10 is a nightmare, according to the California Highway Patrol.
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Holiday traffic stalls motorists traveling through Coachella Valley
Drivers traveling through the Coachella Valley on Sunday were greeted with nightmarish post-holiday traffic on westbound Interstate 10.
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Yucaipa woman brightens Christmas for the less fortunate
Lenore Will is braced for it, and she knows it's probably coming. The escalating unemployment numbers tell her so.
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Thanksgiving dinner's on the table for all:
Set Free Church Set Free Church Yucaipa will be serving a free Thanksgiving dinner on Thanksgiving day from 11 a.m. to 4 p.m. at the church at 13700 Calimesa Blvd.
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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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