Corona, 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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| Corona, California News |
Riverside man charged with kidnapping, killing of Corona man.
A judge Thursday determined there was enough evidence to order a Riverside man to stand trial in the kidnapping and killing of a Corona man.
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Right path for Riverside County's Mid-County Parkway still in dispute
From a bluff overlooking the Gavilan Plateau south of Lake Mathews, opponents of the proposed Mid-County Parkway linking San Jacinto and Corona point to where the parkway will bisect the rural area and cut off ...
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Corona: Dos Lagos developer touts 'green' aspects of new park
Developer Ali Sahabi used Earth Day to throw an environment-themed party to introduce some 3,000 people to his intricately landscaped park next to the Dos Lagos shopping center in Corona.
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RIALTO: Man arrested after fire, high-speed pursuit
A domestic dispute after midnight Sunday triggered a two-county pursuit that ended shortly before 2 a.m. in Corona with a Rialto man in custody on suspicion of torching his girlfriend's mobile home, police ...
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Education officials trimming where they can to prepare for budget cuts
Officials are bracing for what could be billions of dollars of cuts to education in the coming months, as the new year is expected to bring new budget cuts to Inland schools, affecting everything from staffing ...
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CORONA: Fallen horse rescued from forest ravine
More than two dozen people spent New Year's Day rescuing and airlifting to safety a horse that had tumbled about 300 feet to the bottom of a ravine in the Cleveland National Forest.
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Horse rescued after being trapped for 6 days
SANTA ANA, Calif. - A pack horse trapped for six days after slipping on a fire road and falling more than 200 feet into a ravine in the Santa Ana Mountains has been rescued.
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Thousands of well wishers blog for Calif. man in coma
Submitted by SHNS on Wed, 12/31/2008 - 16:00. When Mark Lamberth went into emergency surgery this week, the 31-year-old Riverside, Calif., man likely was followed to the operating table by the prayers of ...
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Deadline approaches for wildfire aid
Three weeks remain for residents who suffered losses in the November wildfires in Corona and other Southern California cities to apply for federal and state disaster assistance, officials said Tuesday.
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Look ahead to 2009: Riverside, Norco, Corona unlikely to raise taxes
As revenue from traditional sources continues to fall with the economy, the city officials for Riverside, Corona and Norco say tax increases aren't planned for 2009 to make up the shortfall, but spending cuts ...
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$10,000 reward is offered in killing of Ventura clerk
Video: Clerk killed at Ventura Circle K A convenience store clerk was shot and killed early Friday, Dec.
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Temescal Valley: No cause found for buckling of retaining wall
A Temescal Valley-area retaining wall that buckled and threatened homes after last week's rains appears to be an isolated problem, though it's still unclear what caused the wall to erode, Riverside County ...
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RELIGION: Inland leaders report tough times drive people into pews
As the economic crisis deepens, store aisles, car showrooms and airport terminals are less crowded.
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Family deals with the aftermath of the Freeway Complex Fire.
The wildfire that damaged or destroyed 18 Corona homes last month now seems almost improbable, with the earth still saturated from the most recent rainstorm.
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Rick Warren Insists He's Not Anti-Gay
Dec 24, 2008 7:15 am US/Central CORONA, Calif. Pastor Rick Warren, chosen by President-elect Barack Obama to pray at his inauguration, said in a video message to his church that he doesn't equate gay ...
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Green River Road neighbors question lack of emergency phone notification during Freeway Complex Fire
In September 2007, Corona officials announced that they had installed an emergency telephone notification system, touting it as a way to "dramatically improve the lines of communication to the general public" ...
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Corona man's 23-year business a busy body shop
When Grady Garrison was courting his future wife, Cathy, they would go to the drive-in movies in Riverside.
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Corona area homes evacuated as precaution ahead of rain
Four Corona area homes have been evacuated by LA-based homebuilder KB Homes because a retaining wall in the backyards is beginning to crumble and has been deemed unsafe, KB Homes spokesman Craig LeMessurier ...
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Corona couple hoping to see return on contributions
Festus and Jeanie Dada aren't exactly diehard Democrats. The Corona couple supports Rep.
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Hogging chance to help
For the past three years, Samantha Eccles has raised animals for the county fair to raise money for college.
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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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