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Carmel Valley, 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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Carmel Valley, California News
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Wildlife Rehabilitation technicians Liz Oettinger, left, and Marianne Dominguez feed a sick California pelican at the SPCA Wildlife Center in Monterey on Tuesday.


Carmel Valley tennis resort to close doors

For 51 years, Gardiner's Resort served as a tennis school and weekend getaway spot, a place to dine and unwind for locals, celebrities and leaders of industry alike.


San Diego: RV destroyed in gas station fire

A recreation vehicle was destroyed Sunday in a fire at a Carmel Valley gas station, but no one was hurt, a San Diego Fire-Rescue Department dispatcher said.


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Two Democratic officials say President-elect Barack Obama has chosen former Clinton White House chief of staff Leon Panetta to run the CIA.


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Babysitter Claire Ellison, left, talks with a group of mothers during a Sitter Socials event held at the Little Locks salon in the Carmel Valley neighborhood of San Diego.


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Eighteen actors from the Torrey Pines Players will perform in the Fringe American High School Theatre Festival in Edinburgh, Scotland, this summer.


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A Carmel Valley sponsor meets her "adopted" Marine at Camp Pendleton where military families received baskets full of food and gifts through Bells of Freedom.


Your Town: SPCA seizes dogs from empty house

The SPCA of Monterey County seized two emaciated dogs Tuesday from a Peninsula house strewn with trash and feces, officials said.


Welcoming Economic Winter? -- I.M.F. Chief Economist Warns Not Just...

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Somewhere between the '80s and the '90s, customers became consumers, competition outranked collaboration, and "growing the economy" became the undefined goal.


Body found in Carmel Valley

The body of a male Carmel Valley High School student was found Monday along the Carmel River bank near Schulte Road, officials said.


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Monterey County has received an early holiday gift from Canada - snow-packed peaks.


County's Unemployment Rate Reaches 8.8 percent

Monterey County's unemployment rate grew to 8.8 percent in November, up from 7.1 percent in October, according to state job figures released this morning.


Sky High Santa

The world's most-popular celebrity landed early Saturday at a historic airstrip in Carmel Valley, and it wasn't Miley Cyrus, Muhammad Ali or Barack Obama.


Your Town: Carmel, Alisal students to attend inauguration

Nine Carmel High School students are heading to Washington to witness President-elect Barack Obama's inauguration.


Showers this weekend could mean hazardous conditions in burn areas.

The National Weather Service issued a special weather statement around 6am today, warning that - after warmer days through Thursday - colder weather and showers could hit Monterey County starting this weekend.


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