Chula Vista, 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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| Chula Vista, California News |
Chula Vista Council May Declare Fiscal Emergency
The Chula Vista City Council will decide tonight whether to declare a fiscal state of emergency for the city.
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Search On For Missing Chula Vista Woman
The Chula Vista Police Department put out a call for the public's help Wednesday in locating a 72-year-old woman with Alzheimer's disease.
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Meeting in Chula Vista to Discuss Digital TV Transition
With only 43 days left until the transition to digital television, the federal program that hands out coupons for a converter box has run out of money.
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Affordability may be big issue for fans of live music
Madonna's 2008 world tour, which included a stop at Petco Park, took in $280 million.
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Hit-and-Run Victim Identified as Chula Vista Resident
Authorities identified the pedestrian struck and killed in National City as a 79-year-old Chula Vista resident.
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current events, culture, commentary, community
Alex York changed schools three times in a year. The 12-year-old stepdaughter of a Navy doctor wound up at a Temecula, Calif., middle school in the summer of 2006, after already having been uprooted ...
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Man found shot to death in car in Chula Vista
A man in his 20s was found shot to death in a parked car in a residential neighborhood early New Year's Day.
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Race is On to Raise Money for Chula Vista Nature Center
Those who love it say the Chula Vista Nature Center is priceless, but the price of running it could place it on the chopping block.
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Military families often change schools; state weighs making it easier.
Alex York changed schools three times in a year. The 12-year-old stepdaughter of a Navy doctor wound up at Temecula's Erle Stanley Gardner Middle School in the summer of 2006, after already having been uprooted ...
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Flash Fire in Downtown Skyscraper Injures 3
San Diego Fire Rescue and San Diego Police were cleaning up Saturday after an electrical flash fire broke out at a downtown office building.
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Blind woman burgled; gang member arrested
The woman called 911 just before 2 a.m. and said she heard someone prowling around her home on Shy Lane, Lt.
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Veterans Home Gets Wii's for Christmas
Chula Vista Veterans Home residents now have something a lot of teenagers are dying to get this Christmas.
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Police: Man Breaks Into Elderly Blind Woman's Home
A 21-year-old man who allegedly broke into an elderly blind woman's Chula Vista home early Monday is in custody, facing burglary and auto theft charges, police said.
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Delayed raid likely cost Chauncey Bailey his life; police waited for vacationing officers to return
CHULA VISTA, Calif. - A man has been convicted of second-degree murder for throwing his former girlfriend from an apartment balcony, killing her in front of her 12-year-old daughter.
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Oliver pleads not guilty in shooting deaths of teens
A Rolando teenager identified by a prosecutor as a gang member was arraigned Thursday on murder charges in the Dec.
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Chula Vista thieves steal ATM with $32K
Chula Vista police go over the scene of an ATM machine hit-and-run robbery that netted thieves $32,000. - CHULA VISTA - Thieves made off with $32,000 early Thursday morning after they broke the glass front ...
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Rains, flooding bring river valley rescues
San Diego Lifeguard Urban Search & Rescue Team members bring Lindolfo Diaz to safety from the Otay River Basin near Heritage Road before heading back to get his father, Francisco Diaz.
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Pedestrian killed crossing I-15
A pedestrian apparently trying to walk across Interstate 15 was struck and killed Monday night, police said.
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Fractured Terra Vista at Otay Ranch condominium sold
The fractured Terra Vista at Otay Ranch condominium conversion at 1441 Santa Lucia Road in Chula Vista has been sold for $18 million.
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Woman beaten, burned; ex-boyfriend held
EAST COUNTY: A woman was in critical condition yesterday after being beaten and then burned in a fire in a mobile home southeast of Alpine, sheriff's officials and family members said.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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