Calipatria, 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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| Calipatria, California News |
Local Firefighters sent to Freeway Complex fire
El Centro Battalion Chief Steve Wilson said the Team was sent to the Freeway Complex Fire.
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Juvenile flees after crashing vehicle
The CHP says County Sheriff's deputies were pursuing a Chevy Malibu early Sunday morning.
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Local Strike team will be busy
Officials say they will be working a 24-hour day fighting the Porter Ranch Fire, also known as the Sesnon Fire.
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Cattle Call Arena fire suspicious
Brawley fire says the fire started Friday afternoon under suspicious circumstances.
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10/3 Scoreboard
Posted October 3, 2008, 11:35 p.m. at Brawley 40, Blair 12 Imperial 16 at Calexico 13 at Holtville 14, Escondido Charter 0 at Francis Parker 76, La Jolla Country Day 7 Eastlake 21 at Poway 20 at Oceanside 42, ...
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Palm Desert's Mychal Kabeary wins Friday Night Hero honors
Palm Desert kicker Mychal Kabeary is the winner of this week's Friday Night Hero award.
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Xavier Prep knocks off Coachella Valley
Desert hot springs 3, Calipatria 0: The Golden Eagles remained perfect with a sweep of Calipatria at home, 25-7, 25-12, 25-16. Cierra Tarrant had nine aces, including six in a row at one point.
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Cathedral City's Daniel Garcia wins Friday Night Hero honors
Cathedral City High School running back Daniel Garcia is the winner of this week's Friday Night Hero award.
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Niland bees swarm, killing one man and injuring 5 others
Officials say 42-year-old Darren Dragoo of Brawley was riding in his motorized wheelchair, traveling down Mentis Street in Niland when he was attacked by the swarm.
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The State Worker: Prison guards ready to fight -- each other
It's an easy stereotype: Unionized state workers mindlessly march in lock step with leaders, endlessly clawing for more power, pay and perks.
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Free Libraries open and operating
The Imperial County Free Library Branches opened earlier this week. Library officials say they are working under their Fall Schedule.
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Dui Checkpoints going up tonight
Tonight the Coalition is setting up a DUI Checkpoint on Highway 86 at Legion Road in Brawley.
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Law enforcement on the look-out for DUI's this weekend
The Special patrols will continue all weekend, starting tonight. The special patrols could include Sobriety Checkpoints.
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Bee Sweet to market fruit from Crown Citrus
Fowler, Calif.-based Bee Sweet Citrus Inc. has reached a multiyear marketing agreement with Crown Citrus Co., Calipatria, Calif.
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Inside The Walls Of The Calipatria State Prison
Desert Local News/ Fronteras takes you on an inside tour of the Calipatria State Prison located in the Imperial Valley .
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Two Local Strike Teams Still On Duty
While one Strike Team of Imperial Valley Firefighters returned last night two other teams remain up north.
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A smooth Fourth of July weekend in Imperial County
The July 3 event at Paradise Casino did experience a small situation. Mike Erfert of the Yuma Fire Department did respond to a small brush fire at the Casino.
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Public warning against personal fireworks
There are, however, a few places where they can be purchased. Sales are still legal in Calipatria, the Quechan Tribal reservation and in Mexico.
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Brawley - Smurf House Burns
A house known locally as The Smurf House was destroyed by fire Wednesday afternoon.
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Imperial Valley Foreign Trade Zone Ribbon Cutting Ceremony
The Imperial Valley Foreign Trade Zone Joint Powers Authority cordially invites you to join them at the Ribbon Cutting Ceremony recognizing Bonded Warehouse Services dba Margarita Pimentel as the first Imperial ...
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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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