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Chico, 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
| Chico, California News |
Trio arrested in Yuba City may be ATM bandits
Three people arrested by Sutter County deputies Tuesday in Yuba City are believed to be tied to a rash of recent commercial burglaries in the Chico area, including two ATM thefts.
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Postal worker accused of pilfering cash from letters
Dean Edward Hudson, 29, an employee at the mail processing plant in Olivehurst, was arraigned in Federal District Court Wednesday on 19 counts of stealing cash and other items from greeting cards.
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Fire Safe Council feels budget burn
Inmate crews from Valley View Camp busy themselves by working on a "shaded fuel break" in the Centerville area in this Dec.
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South Chico liquor store robbed at gunpoint
Duke's Cork-N-Bottle Shop on Park Avenue was robbed by an armed man Monday night.
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Stolen vehicles, tools connected to ATM heists recovered
Stolen vehicles police suspect burglars used over the past week to break into one ATM and cart off another were found abandoned Tuesday on an abandoned road near Forest Ranch.
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Two teens charged in police chase across counties on New Year's Day
Both the driver and a passenger in a stolen pickup pursued by police across three counties early New Year's Day were booked into Butte County Juvenile Hall.
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Drunken driving arrests up for holiday
Arrests of allegedly intoxicated drivers over the holiday period ending Jan. 1 were up in most north state communities compared to 2007.
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Police mull scenarios in teen's death
Police haven't ruled out much of anything in the death of an 18-year-old Chico High student last week, including the possibility of suicide.
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Chico police arrest two in stolen vehicle pursuit
Chico police attempted to pull over a stolen vehicle on Walnut Street about 3:30 a.m. Sunday, but the driver fled out of town on Dayton Road at high speed.
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Chico Police Arrest Teen After Chase
A police chase that began in Chico came to an end in a rice field. Police say a 19 year old driver in a stolen car slid into the field during a pursuit early Sunday morning.
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Chico Police promotes women to key positions
Seven Chico police officers were honored Tuesday in a ceremony that included the department naming its first female captain, and advancing two other women to lieutenant.
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Chico woman arrested for alleged stabbing
A woman was arrested early Saturday morning for allegedly stabbing her boyfriend during an argument.
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Pricey pollinators: Buzz in the air signifies time for bees to dust nut crops
James Browning takes a gander at one of his 1,400 bee hives along River Road in west Chico.
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Chico High student dies Thursday: Teen's cause of death unknown
Police are investigating the death of a young man early Thursday morning. According to a Police Department news release, emergency workers were called to a home in east Chico at 4 a.m., where an 18-year-old ...
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North State Voices: East Coast girl warms up to life in Chico
I found my way to New England, attending college and graduate school in Boston, and settling down happily on my beloved Cape Ann, Massachusetts.
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Most-viewed stories on ChicoER.com in 2008
A look at the most-viewed stories on ChicoER.com reveals that readers were interested in breaking news and a little bit of controversy.
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Chico man arrested in Phoenix sex sting
A man authorities said recently moved to Chico from Phoenix was arrested Christmas Eve at San Francisco International Airport on a charge of soliciting a 10-year-old girl for sex.
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Man, boy arrested in chase through Chico may be suspects in several vehicle thefts
A man and a 16-year-old boy who may have joined forces to steal several vehicles recently in Butte County were arrested Tuesday morning when they crashed an allegedly stolen auto after a pursuit in central ...
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Suspicious package removed from Herger's office Monday
A bomb squad robot retrieved a package from U.S. Rep. Wally Herger's office at Philadelphia Square Monday after officials X-rayed it and couldn't identify its contents.
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East Quincy earthquake felt in Chico, Paradise
People from as far away as Chico and Nevada City felt a 4.5-magnitude earthquake in Plumas County Friday.
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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