Corcoran, 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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| Corcoran, California News |
Corcoran man taken into custody on suspicion of spousal abuse
A Corcoran man accused of attacking his girlfriend and her parents was arrested on suspicion of spousal abuse Friday morning after allegedly hitting the victim's mother with a metal chair and shoving her father ...
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Prison visit ends in arrest of 2
A visit to California State Prison-Corcoran ended with two Fresno women taking a trip to the Kings County Jail on Saturday, after correctional officers allegedly found the two sneaking marijuana into the prison ...
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New Yeara s holiday closures scheduled
Various public services will be affected by the New Year's Day holiday Thursday: City trash and recycling collection in Hanford will be pushed back one day.
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Calif. man dies in Sunday crash on I-80
A California man died Sunday in a multi-vehicle crash on Interstate 80 near the Interstate 80/U.S. Highway 218 interchange.
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Prison guards may see pay cuts
State workers, including 1,300 Sierra Conservation Center employees, are facing a 10 percent salary reduction, which prison officials say will cost the state more in the long run.
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A busy New Yeara s for law enforcement
The first day of the new year saw a high volume of arrests on Thursday, as more than 40 people were booked into the Kings County Jail on charges stemming from drunk and disorderly conduct and driving under the ...
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Schwarzenegger plan would save nearly $1 billion in prisoner and parolee costs
Gov. Arnold Schwarzenegger's latest budget proposal would reduce by tens of thousands the number of criminals behind bars and under community supervision.
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New Year's brings heavy patrols tonight
The Hanford Police Department and local law enforcement agencies across Kings County are preparing for the new year by increasing the number of patrols on the road tonight, to make sure drunken drivers don't ...
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Tulare wraps up an unpredictable 2008
Tulare certainly wasn't expecting these eight stories from 2008: Pink destruction: In September, Megan Moody changed the Tulare County Fair's Destruction Derby right from the start.
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Sale prices continue to shine for consumers long after holiday rush
The frenzy may have died down, but for consumers cruising the aisles at Hanford's Target store, it was back to business on Friday.
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People from all walks of life seeking employment during tough times
For Hanford resident Tony Hughes, his best Christmas present would be a job. Then maybe he could get back everything he lost more than four years ago.
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Students team up to beautify the grounds at Garden School
Four Garden School sixth-grade students' Gang Resistance Education and Training project took root in a big way Saturday when more than 60 shrubs were planted at Garden School.
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Lack of weekend bus service strands some
Charity Schuck's Sunday routine would probably be uneventful except for one small glitch: She needs somebody to push her two miles in a wheelchair from the Amtrak station to her apartment in south Hanford.
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Donations bring holiday joy to 100 families
The goal was simple: To feed and provide gifts for 100 families. "This is one of the best parts of the year because people join together to make Christmas better for the citizens in our community," Kings County ...
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COS plans prison-officer training program in Corcoran
College of the Sequoias plans to train correctional officers within two or three years, school officials said.
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Domestic violence complaint turns up firearms, marijuana
Shotguns, rifles, illegal fireworks and an indoor marijuana grow were among the many items found in a Corcoran home last week when police officers were called out to a domestic violence incident and found a ...
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Perata shifted $1.5 million from PAC to his legal defense
Contributors to Don Perata's political action committee this year might have thought their money would bankroll the attempted recall of state Sen.
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New trustees join local school boards
In less than one week, most local students will begin their winter recess from school.
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Teen faces sex charges on sister
A Corcoran teen will face adult criminal charges following allegations that the boy sexually abused his foster sister over a period of three years, Corcoran police officers said.
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Early-morning fire contained at Corcoran plant
Kings County firefighters were called to an early-morning industrial fire in Corcoran today that started inside a giant product container at 4:35 a.m. and threatened to spread to four nearby silos, officials ...
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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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