Davenport, 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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| Davenport, California News |
Cemex plans six-month closure of Davenport plant
Cemex, the largest cement manufacturer in the nation, plans to pull the plug on the Davenport plant and lay off the bulk of its local work force, about 125 employees, for a minimum of six months beginning March ...
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Fraternity hazing may have led to UC Santa Cruz student's hypothermia, authorities say
A top State Parks official confirmed Wednesday that authorities are investigating a severe hypothermia case at Bonny Doon Beach as a possible fraternity hazing incident.
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Alameda man hospitalized for hypothermia
Warren Fung, 20, of Alameda, remains hospitalized at Kaiser Permanente Medical Center-Fremont for a severe case of hypothermia stemming from a December incident under investigation by authorities in Santa Cruz ...
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Presents delivered in style
Pastor Jim Lapp of St. Stephen’s Lutheran Church flashes a wide grin as he poses with a 1957 Ford Thunderbird from the Monterey Bay Classic Thunderbird Club A snow white 1957 Ford Thunderbird and a pickup ...
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UCSC student unconscious, suffering from hypothermia after morning...
A UC Santa Cruz student is in critical condition with severe hypothermia after a morning swim in the North Coast surf.
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California Facing "Financial Armageddon"
A few thoughts on how the state budget shortfall relates to firefighting, fire resource budgets, equipment and staffing.
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Scientist hired by county to investigate chromium answers allegations
A handful of Davenport residents have asked the county to replace the environmental scientist hired to investigate chromium 6 over concerns with his past work for industry.
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Studies lined up to investigate cross-county rail line purchase
A walking inspection of the 31-mile-long rail line that runs from Davenport to Pajaro must be done before the Santa Cruz County Regional Transportation Commission finalizes the purchase with Union Pacific.
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Coast Lines: Nov. 20, 2008
The amount of cancer-causing chromium 6 found in the air after two days of crushing clinker in Davenport last week was low enough to allow Cemex to resume crushing, according to the county Environmental Health ...
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Paradise Lost
O n Friday, Oct. 10, one of the final days of the marijuana harvest in her garden, Valerie Leveroni Corral feels the first real chill of fall on the deck of the home she built in the Santa Cruz Mountains.
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Patricia McCrary: We don't need vultures circling Davenport
On Nov. 11, I received a letter in my Swanton Road mailbox from the law offices of Howard A. Snyder, a professional law corporation located in Sherman Oaks, near Los Angeles.
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Stormwater Risks & Rewards
Capitola and other local agencies are considering their stormwater management plans this fall.
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Toxic chemical levels down in Davenport air
DAVENPORT, Calif. - An analysis of air tests conducted late last month in a small town along the Santa Cruz County coast shows that levels of a cancer-causing chemical in the air have dropped significantly.
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Officers investigating cat hoarding Davenport case
A day after almost two dozen cats were taken from squalid living conditions on the North Coast, the felines seemed fairly relaxed in their temporary homes, cages at the county Animal Services shelter on Seventh ...
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Air tests show another big drop in chromium 6 in Davenport air
An analysis of air samples in Davenport was returned this week that showed significant drops of the cancer-causing chromium 6. Air tests conducted Oct.
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Erin Brockovich visits the Central Coast
Erin Brokovich helped the tiny California town of Hinkley win 333-million dollars in what turned out to be the largest lawsuit of its kind in American history, so big in fact that Hollywood made a movie about ...
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Cops and Courts: Nov. 6, 2008
A big rig hauling a load of brussels sprouts from Davenport to Watsonville lost its load on southbound Highway 1 just north of the La Fonda overcrossing around 10:50 a.m., causing traffic delays for more than ...
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Brockovich Slams Company For Pollutants
An investigation into a Riverside Cemex Cement plant's emission of toxins into the air has triggered another one here on the Central Coast.
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Consultants hired to test for chromium 6 in the air, soil and classrooms in Davenport
A two-man team of scientists from Northern California will camp out at Pacific Elementary School for the next couple of weeks to run a suite of tests to determine the health of the air in Davenport.
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Erin Brockovich to Join CEMEX Plant Public Meeting
Erin Brockovich, of the 2000 movie starring Julia Roberts, is set to take part in a public meeting Monday night in Davenport regarding the discovery of toxic substances being released from the CEMEX Cement ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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