Daggett, 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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| Daggett, California News |
Cops treat thousands of kids, teens with toys
BARSTOW When sirens blared in eight-year-old Sharai Andrade's neighborhood on Saturday morning, Andrade knew exactly what to do: She woke up her younger sister, got their mother and rushed out the door.
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Quadruple fatality collision shuts down Interstate 40
This is an updated version of a story posted earlier on Nov. 9, 2008. NEWBERRY SPRINGS Four people were killed and four more injured in a collision that involved seven big rigs and closed Interstate 40 ...
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Gomez picks off Dale for mayor
"My goal is, I'm going to be the people's mayor." Mayor-elect Joe Gomez BARSTOW For most of the day Tuesday, voters across Barstow faced strong winds as they made their way to the polls.
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In their Own words: City Council and Mayor candidates ask and answer their own question
During the next week, the Desert Dispatch will run responses to several questions put to candidates running for the City Council and mayor.
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Local candidates oppose proposed sludge composting site
"We found some good ones here. We see a couple of people who are willing to stand up." Bill Thomlinson, Barstow resident HINKLEY They had different names for it - poop plant, hazardous waste site, human feces ...
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Jet fuel service at airport shut down
"Obviously we have to get our fuel somewhere else. ...It's more of an inconvenience, but a minor one at that.
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County looks at combining rural communities
"Their concern is that we're different. It's a compatibility thing." - Sandra Brittian , chair of the Newberry Springs CSD "Their going to have to prove their point and do a good job at it." - Mike Henderson , ...
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Calico, a Route 66 haunt, has much for today
Route 66 came through Daggett on its way out West. Undoubtedly, those early car occupants were getting excited as they approached the end of their long and arduous journey.
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State cites Daggett trailer park for dangerous conditions
Comments 0 Recommend 0 August 28, 2008 - 2:48PM By Aaron Aupperlee, city editor "Now we're on the road to suspending the permit or filing with the DA." Chris Anderson, Field Operations Manager, California ...
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Fire destroys vacant restaurant building in Yermo
A vacant restaurant on the side of Interstate 15 burned in Yermo on Friday night.
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Silver Valley Unified School District buses rolls on despite high gas prices
Despite taking his last high school bus ride in 1958, Marc Jackson experienced nostalgia riding the school bus on Tuesday morning.
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: Teens arrested for threatening to kill Daggett teacher
Two teens accused of threatening to kill a teacher after assaulting a student were arrested this week.
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Storm warnings issued for San Bernardino County
The National Weather Service has issued severe thunderstorm and tornado warnings for central San Bernardino County.
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Grand Jury urges replacement, repair of county bridges : Top Story
Two miles east of Alvord Mountain Road a roadblock, sawhorses and several signs completely block Yermo Road just before a bridge.
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Buildings open doors to the past
The built environment - structures and alterations created by humans found on the natural landscape - can sometimes be an important link to the past and an informative reflection of the present.
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Happy St. John's Day
Loren Coleman on June 24th, 2008 St. John's Day The date June 24 is one tied to some of the weirdest happenings.
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High winds wreak havoc : Top Story
High winds resulted in a traffic delay on Virginia Way on Wednesday; when an approximately 40-foot pine tree blew over in the road.
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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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