Danville, 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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| Danville, California News |
Cracked windshield leads to felony arrest
The smallest thing can lead to the biggest problems. That's the lesson learned by a 47-year-old Castro Valley man arrested Saturday for violating his parole for felony domestic violence.
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Honor your favorite nonprofit group
The Danville Weekly is sponsoring a new award to be presented at the Awards and Installation Dinner being hosted by the Danville Area Chamber of Commerce next month.
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49ers Brent Jones to speak on Jan. 23
Former 49er tight end Brent Jones, now a familiar face in Danville, will be honored at the Living Treasure program Friday, Jan.
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Fifteen looking to fill empty San Ramon Valley school board seat
The San Ramon Valley school board has 15 applicants to choose from to fill the seat left empty by Joan Buchanan when she was elected to the state Assembly.
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Christmas tree fire displaces family of seven, father burned
A Christmas tree is to blame for a Danville fire that destroyed a home and sent its owner to the hospital with burns to his hands and face, fire officials said.
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Danville fifth-grader pens children's books
Paris Morris, 10, of Danville, Calif., shows off her books written about her life with twin sisters Liberty and Victoria, now 7, on Monday, Dec.
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Investigators are trying to determine the cause of a fire at a Danville home Sunday.
Investigators are trying to determine the cause of a fire that caused $1 million damage to a Danville home Sunday morning.
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Nominate now for annual Chamber awards
Nominations are due Jan. 15 for the Annual Awards that will be presented at the Danville Area Chamber of Commerce Installation Dinner scheduled for Feb.
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Review: Step up to new experience at Danville's Sideboard
Employee Leanna Gallegos looks out into the dining area at the Sideboard in Danville, Calif.
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European Trains on Display at Blackhawk
Currently on display at the Blackhawk Museum are European Train Enthusiasts that visit the Museum every Holiday Season and bring a different layout of trains and track every year.
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Daylight car theft lands man in jail
A 39-year-old Hayward man is being held at the Martinez Detention Center after he brazenly made off with a Danville man's auto Sunday afternoon.
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Police seek suspects after gas station robbery
Danville police are investigating a weekend armed robbery at the Danville Olde Town Arco service station on San Ramon Valley Boulevard at Boone Court across from the Livery.
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Job's Daughter's International -Danville to Install newly Appointed Officers
Schools & Kids , posted by Danville Job's Daughters, a resident of the Danville neighborhood, 34 minutes ago On the evening of January 3rd at 7 o'clock, the Job's Daughters International - Bethel No.
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Danville family calm in face of Christmas Day interstate pile-up
In Danville, Calif., on Friday, December 26, 2008, while home on leave from the Navy, John Rodriguez, 19, of Danville, Calif., holds his dog "Noah" as he talks about his family traveling to Sacramento when they ...
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Third Annual Holiday Homes Tour
But how about a holiday palm tree? Framed wrapping paper? Or a spruced up old birch log? The three homes chosen for our third annual Holiday Homes Tour excelled at the traditional but awed us with unique ...
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Helicopter joins search for fleeing suspect
Northwest Danville residents saw a flurry of police activity Monday as an intensive search was held for a suspect fleeing on a stolen motorcycle.
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Danville honors its volunteers
The town of Danville has paid tribute to Stacey Hartman with an Award of Special Recognition, the first bestowed in 13 years.
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Scouts tour Danville Weekly
Eight Scouts from Pack 809 from John Baldwin Elementary School toured the Danville Weekly offices this morning along with a contingent of parents, siblings and Troop Leader Rich Archer.
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Budget crisis's impact to get public airing
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Smooth and painless approval for Danville church expansion
With blessings from the town, the Danville Congregational Church plans to expand its campus in the new year.
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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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