Corning, 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
| Corning, California News |
Corning California Chamber of Commerce: Foster Family Quilts tribute to kids
Business spotlight - Business spotlight A Foster Family Quilts is our business spotlight for the week.
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Good Sam's Club installs officers
The Tri-County Sams Chapter of the Good Sam Club held their December Luncheon and Meeting at the City Gates Restaurant in Orland with eleven rigs representing the club.
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Tehama County Cattlemen's dinner a fund-raiser
Back, from left, are: Josh Davy, Matt Pritchard, Jeff White and Danielle Zane. Seated, from left, are: Rick Buchner, Renee Ewing and Cathy Tobin.
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Letter to Editor: Hold off on septic vote
Letter to Editor: Hold off on septic vote Sheri Schultz, Corning Updated: 12/31/2008 08:05:28 AM PST Editor: I am writing to request that the AB885 OWTS Regulations scheduled for a vote on Feb.
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Corning Healthcare District welcomes new member
Charles Rouse of Corning became the new director of Corning Healthcare District on Dec.
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Corning goes Hollywood
The Tehama County Special Olympic bowlers went to Oroville on Dec. 6 for the Regional Tournament.
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Corning goes Hollywood
Pisha Warden stars as Lt. Sandi Fletcher in The Hell Patrol, a zombie film shot in Corning and debuting in Spring 2009.
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2008: Year in review
Starting with hurricane winds in January and exiting with a series of much-needed storms in December, 2008 had a little bit of everything.
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Flying J files Chapter 11
Truck driver Jose Partiea fills up at the Flying J in Corning on Tuesday. On Monday, the company filed for Chapter 11 bankruptcy protection.
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Corning California Chamber of Commerce: Bartels serves up quality burgers
New member - The Corning Chamber of Commerce welcomes new member, Fairchild Pools, P.O. Box 2273, Chico 95927.
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Pair sentenced in burning
A grandson and daughter were each sentenced Monday to 16 months in state prison after cremating a Corning woman last December and then cashing in on more than $20,000 of her retirement and Social Security ...
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Corning Elementary, Corning teachers settle contract
The Corning Union Elementary School District Board of Trustees, at a Special Board meeting on Wednesday, December 10, approved negotiated agreements with the Corning Elementary Faculty Association and the ...
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Corning Police Arrest Assault Suspect
Corning police say the suspect in a weekend assault with a deadly weapon was a 16 year old girl with a bat.
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Tehama County Library hours reduced
Tehama County Library is reconfiguring its hours, a move that cuts back on when branches are open but aligns them for maximum efficiency.
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Uniforms look like Corning Union Elementary School District fit
CORNING Holding up a $5 shirt and $15 pants Tuesday night, Corning Union Elementary School District Superintendent Steve Kelish jokingly assured his audience it was not being asked to hand over its cash.
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Corning California Chamber of Commerce: Phil's Automotive a family business
Business spotlight - Phil's Automotive and Towing is our business spotlight of the week.
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Tehama County crashes clutter weekend roadways
Tehama County roads saw more than just December rain this weekend with more than a dozen crashes reported between Friday and Sunday.
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Corning family unhurt in fire
A family of five escaped a mobile home fire in Corning Saturday. Smoke alerted the family at 2:37 a.m. on Kraft Avenue, and two adults and three children escaped.
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TRAX lights up Corning contest
TRAX is hosting its ninth annual tour of Corning Christmas lights Friday in conjunction with the Christmas Light Contest sponsored by the Corning Chamber of Commerce and the Corning Observer.
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Fight on Corning campus
CORNING Centennial High School was the site of the second documented gang fight to occur in Corning in a week.
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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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