Daly City, 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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| Daly City, California News |
Muscle-car fanatic takes plea deal in '89 death of Daly City man
The trial of a San Francisco muscle-car fanatic accused of killing a Daly City man nearly two decades ago in order to steal his car engine came to an abrupt end this week with a plea bargain and a 30-year ...
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Pacifica woman dies in Hilton Lane fire; Good Samaritan neighbor helps save her son
An out-of-control fireplace fire is suspected to have sparked a blaze that erupted in an historic house on Hilton Lane in West Sharp Park Friday night - claiming the life of a 76-year-old woman, Meagen More, ...
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Taming the 'shroom
King of Mushroom's Todd Spanier shows off a 20-pound Artist Conk mushroom that he found at his business in Daly City, Calif., Wednesday, January 11, 2008.
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Lawyer questions competency of transient accused of beating Daly City woman
The trial of a transient accused of beating an elderly woman in her Daly City home was postponed Monday after his defense attorney filed a motion questioning his competency to stand trial.
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Parents Object To Being Shut Out By Surgery-Bound Daughter
DEAR ABBY: My daughter, "Giselle," is scheduled to have serious surgery soon, and she has forbidden us to come to the hospital.
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Giving Back on a oeThe Big Spin a Show
Gurmit Kaur from Artesia beat out nine other contestants for a chance to spin the big wheel.
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Carolyn Livengood column: Daly City's citizen of the year
Sister William Eileen Dunn was honored as Citizen of the Year 2008 and Robert Mendoza Jr.
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San Bruno Mother New Van Headrest Head Rest Elite Motors Daly City Auto Safety
Headrests are supposed to be standard in the back seats of many mini-vans. So, when a San Bruno woman bought a used van without them, she made the dealership promise they would get some for her.
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Man accused of robbing Pacifica motel pleads no contest
A 19-year-old former employee of a Pacifica motel pleaded no contest Tuesday to helping a group of masked men bind and assault two of the motel's night clerks in order to steal $50,000 in cash hidden in several ...
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San Mateo County school districts seeking data on buildings' seismic safety
San Mateo County school districts are seeking information from the state about their buildings' seismic safety, but the nation's severe economic downturn casts doubt on how much they can tackle any needed ...
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Daly City San Lorenzo Mervyns Department Stores Retail Sale Serramonte Center Discount
After 59 years in business Mervyns department stores are closing their doors for the last time.
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Woman, 69, killed trying to cross the street
A 69-year-old Daly City woman died Friday after being struck by a passing car early that morning as she tried to cross a rain-soaked street, authorities said today.
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Daly City: I-280 on-ramp metering lights are on
Metering lights in Daly City : Three years ago, ChronicleWatch reader Shawn Parker said that a key freeway on-ramp - the one for Serramonte Boulevard in Daly City, going northbound on Interstate 280 - needed ...
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One investigative tool that is hard to replace is the old-fashioned artist's sketch.
In this day and age police have access to sophisticated high tech tools like security cameras to catch criminals.
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John Horgan: San Francisco has drawbridge mentality
Wonderful news out of San Francisco: The rocket scientists who run that benighted urban plantation are seriously considering erecting financial barriers to visitors.
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Daly City school deemed best in county
Hilldale School in Daly City recently earned praise as the "Best K-9 Private School in San Mateo County" from KRON 4's "Best of the Bay" television program.
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Helping abused during the holidays
Dana Yates / Daily Journal Diane Wagni, an employee at the Daly City Kaiser Permanente Obstetrics and Gynecology Department, delivers gifts collected by herself and co-workers for the CORA Adopt-a-Family ...
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Girlfriend testifies about love triangle in Achilli murder trial
Tessa Donnelly, the woman at the center of the Mark Achilli murder case, appeared in a San Jose courtroom this morning and unveiled some of the messy details of a love triangle that police say led to Achilli's ...
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Suspect held in savage beating of Daly City woman, 78
Jose Perez-Gonzalez, 29, was arrested Nov. 26 by Mexican authorities in his hometown of Guadalajara.
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Counties collaborate on planning to mitigate traffic increases
With traffic projected to increase dramatically over the next 20 years around the eastern border between San Mateo and San Francisco counties, multiple city, county and state transportation and planning ...
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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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