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Carlotta, 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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Carlotta, California News
Review: 'Phantom of the Opera' improves with age

There were few surprises in Tuesday's San Francisco opening of "The Phantom of the Opera." The road show production was either the eighth or ninth time I have seen the Andrew Lloyd Webber record-breaker. ...


Charlotte June Bisconer July 17, 1927 -- Nov. 7, 2008

Charlotte June Bisconer passed away peacefully surrounded by family on Friday, Nov.


Biologists find more Pikeminnow fish in Martin Slough

Biologists who thought an Elk River tributary was clear of aggressive and invasive pikeminnow have found out they were wrong.


Timberman drew admirers and detractors

John Campbell, president of Pacific Lumber Co., is seen near Carlotta, Calif. Mr. Campbell died of cancer last Sunday at his home in Fortuna, Calif., where he was mayor.


Saddleback Medical Center honors Thrift Shop volunteers

The Saddleback Medical Center recently feted the volunteers from the Thrift Shop at a luncheon at the Holiday Inn.


Garbage fees take a hike upward

There's no time like the present to ramp up recycling efforts. The cost of diesel is just one of the reasons Humboldt Waste Management Authority cites in its planned increase in garbage disposal fees effective ...


Thanks for making auto show a success

We would like to thank all that entered our annual Wildwood Days car show that took place Aug.


'Hot Arabians' mingle at chamber mixer

"Hot Arabian Nights" is the theme of the Wednesday Chamber of Commerce mixer at the Fountains of Carlotta.


Betty Storz steps down as president of Fortuna Senior Services

When it started it seemed like it would take forever to get Fortuna Senior Services going.


Questions answered

QUESTION: What is terra preta, and what does it have to do with reducing global warming? - Carlotta Sampson, San Diego ANSWER: Terra preta is Portuguese for "dark earth." It is a carbon-rich, highly fertile ...


Virgil Leroy Hall

Virgil Leroy Hall was taken from those who love him on the June 23. He was born in Kirksville, Mo., on May 15, 1948, to Joe and Dorothy Hall, and was the oldest of four children.


Breast Health Project a success; over $80,000 raised

The Humboldt Community Breast Health Project is grateful for the tremendous community support for our 7th Annual Benefit Vacation Raffle.


Two injured in Richardson Grove accident

A Garberville woman and a Carlotta man both received moderate injuries on Thursday, July 3, when their vehicles collided.


'Vertigo's' San Francisco locations

"Vertigo" turns 50 this year but has hardly aged at all. Besides making what is generally acknowledged to be one of the 10 best movies ever, Alfred Hitchcock also captured San Francisco circa 1958.


Head-on collision on Hwy. 101 leaves two injured

Two Humboldt County residents involved in a head-on collision near Richardson Grove this morning were taken to a Garberville hospital with moderate injuries, the California Highway Patrol reported.


Families walk to help kids find new homes

Not too long ago, Jim and Michelle Riley came across a billboard advertising Child SHARE, a faith-based organization that helps families provide foster and adoptive kids permanent homes.


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