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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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Corning, California News
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Business spotlight - Business spotlight A Foster Family Quilts is our business spotlight for the week.


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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.


Letter to Editor: Hold off on septic vote

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Corning Healthcare District welcomes new member

Charles Rouse of Corning became the new director of Corning Healthcare District on Dec.


Corning goes Hollywood

The Tehama County Special Olympic bowlers went to Oroville on Dec. 6 for the Regional Tournament.


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.


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.


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.


Corning California Chamber of Commerce: Bartels serves up quality burgers

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Pair sentenced in burning

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Tehama County Library hours reduced

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Uniforms look like Corning Union Elementary School District fit

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Corning family unhurt in fire

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Fight on Corning campus

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