Concord, 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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(800) 675-9783
| Concord, California News |
Shot on BART - Oakland Riots
BART Police shoot an unarmed man on New Years and the public is pissed. Yesterday the body of Oscar Grant was layed to rest and hundreds of people from the Oakland community attended to pay their respects.
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Concord family wins $1.3 million in asbestos death lawsuit
An Emeryville company has been ordered to pay more than $4.3 million in damages to the families of three Bay Area industrial pipefitters who died of asbestos-caused lung cancer.
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Woman struck by car in Concord, seriously injured
An unidentified woman is in the hospital today with serious injuries after she was hit by a car Monday night as she walked along Bailey Road, police said.
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Memorial planned for Concord soldier killed in Iraq
A memorial service and military funeral will be held Saturday for a Concord soldier killed last week by insurgent mortar fire in Iraq, family members said.
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Shot on BART - BART Police Shooting Man in the Back Caught on Video
It's all over the news. Over New Years there was a man fatally shot at the Fruitvale BART station.
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Jobs for day laborers dry up amid hard times
It had been four days since Francisco Castillo last worked, earning $10 an hour helping a San Jose family move.
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Soldier from Concord killed in Iraq
FAMILY PHOTO Pvt. Benjamin B. Tollefson, 22, of Concord, Calif., died Dec. 31 in Balad, Iraq, of wounds suffered when insurgents attacked his unit with indirect fire in Ghazaliya.
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US military deaths in Iraq war at 4,221 - AP
By The Associated Press= As of Friday, Jan. 2, 2009, at least 4,221 members of the U.S. military had died in the Iraq war since it began in March 2003, according to an Associated Press count.
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Concord Soldier Dies in Iraq | Concord Blogger
Army Pvt. Benjamin B. Tollefson, 22, Concord, Calif., died Wednesday in Balad, of wounds suffered from indirect fire in Ghazaliya. As of Friday, Jan. 2, 2009, at least 4,221 members of the U.S. military had died in the Iraq war since it began in March 2003, according to an Associated Press count.
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More than 20 cars vandalized at Redwood City Honda dealership
Twenty-two new cars parked at a Honda dealership in Redwood City were keyed over the Christmas holiday, Redwood City police said.
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Fatal Concord fire likely accidental, investigators say
An apartment fire that killed an 85-year-old woman Monday afternoon was likely accidental, the Contra Costa Fire District said.
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Two arrested in separate hit-and-run DUI crashes in Concord
Police arrested two men on suspicion of drunken driving and hit-and-run in two separate parked-car crashes over the post-Christmas weekend.
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Samoan man sought in Concord street robbery
A Samoan man is among a group of men suspected of a gunpoint robbery over the weekend.
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Palo Alto police probe ambulance crash
Alba Luz Perez, 56, died from her injuries on Christmas Eve, police officials said.
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Elderly Woman, Firefighter Burned In Concord Blaze
An elderly woman was airlifted to a local hospital after firefighters rescued her from a burning apartment building in ConcordA on Monday afternoon, fire officials said.
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Concord Police Release Sketch Of Christmas Murder Suspect
Concord police released a sketch Monday of a suspect in the fatal shooting of a 37-year-old man on Christmas night.
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Murder Investigation | Concord Ca. Crime
CONCORD, CA . The Concord Police Department continues to investigate the shooting death of Sergio Pereda , a 37 year old Concord resident who was shot shortly after 9pm on Christmas night.
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Hire more cops not consultants
On December 8, 2008, the City of Concord held its annual restructuring of public offices.
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CONCORD / Man killed in drive-by shooting - 2 sought
Police said Friday that they are seeking two suspects in a fatal drive-by shooting Thursday that claimed the life of a 37-year-old Concord man.
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Gallery Concord reception, Jan 9
Gallery Cnncord will hold its 2009 opening reception on Friday January 9th, 6 to 8 PM.
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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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