Delano, 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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| Delano, California News |
Man Shot Dead in McFarland
A McFarland man died from a drive-by shooting Tuesday night. 20-year-old Javier Lopez Junior was shot in the parking lot of the Community Market on Browning Road around 7:30 p.m., the Kern County sheriff's ...
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Smoke alarm saves family from fire
Sunday, January 4th 2008 at approximately 23:10 P.M., a call was received by the Kern County Fire Department for a house fire in the 300 block of Carmel Street in Delano.
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helping immigrants and farmworkers in Delano.
Successful local businesswoman and philanthropist Laura Arredondo is a walking testimony of just how far an eighth-grade education will take you - if you never let go of your dreams.
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DHS graduate recounts his WWII service on Ellis Island
My military career began after visiting a friend in California, who had joined the Marines.
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A good year for grapes a " county's No. 4 commodity
Grapes, the No. 4 most-valued commodity in Tulare County, are a regular item on most consumer's grocery lists.
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Sculptor Robert Graham dies
Californian sculptor Robert Pena Graham, who created massive, bronze sculptures around the United States, has died aged 70.
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Kern Business
There were originally going to be a lot more smiles and back-slaps at the 2008 Oil & Gas Conference in Bakersfield.
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Child Found Alive After Deadly Crash
A child, who was found inside a car the day after a deadly crash, is in good condition.
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All signs point to Delano - well, actually, just this one
Drivers traveling north on Highway 99 will notice a handsome new City of Delano sign at Exit 52, the Pond Road/Lake Woollomes offramp.
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California grower-shippers embracing Railex
Gary Pena, general manager of the new Delano, Calif., Railex LLC facility, checks the packing of a railcar destined for the company's Rotterdam, N.Y. terminal.
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Delano 3-year-old spends night in wrecked SUV after crash
A 3-year-old boy survived a crash near Delano and spent the night in the disabled SUV before officers discovered him early Saturday along with the dead driver.
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Brrrrr.... It's time to protect plants, pets, pipes from cold
Patrick Alvarado, left, and Tony Castro, talk in Jefferson Park while finding a unique way to stay warm earlier this month on a cold, foggy Bakersfield morning.
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Severe Thunderstorm Warning For Tulare County
THESE STORMS WERE LOCATED ALONG A LINE EXTENDING FROM PORTERVILLE TO 18 MILES SOUTHWEST OF PORTERVILLE... OR ALONG A LINE EXTENDING FROM PORTERVILLE TO 7 MILES NORTHEAST OF DELANO... AND MOVING SOUTHEAST AT 40 ...
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Sparks woman saves two dozen dogs from death sentence
A Spanish Springs woman who brought home 27 doomed dogs from California last weekend has found homes for all but four in the past 24 hours.
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Delano caught in tug-of-war over charter school
On one side are Delano public schools, whose students regularly outscore their peers in the rest of Kern County on state tests.
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Crimeline: Neighbor stops robbery in Pixley
A neighbor interrupted a burglary of an unoccupied mobile home Thursday morning in Pixley.
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Neighbor interrupts burglary attempt in Pixley
A female suspect was interrupted by a neighbor Thursday, while she was attempting to steal items from inside a mobile home.
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Delano man jailed in Richgrove child sex case
A Delano man was arrested this week after a child reported having sex with him. Tulare County Sheriff's deputies were sent at 12:45 p.m. Wednesday to a home in Richgrove to investigate.
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Inmates smuggling cell phones behind bars
Kern Valley State prison Sgt. A. Sotelo, talks about the problem that the prison faces with cellular phone use by inmates and how they are trying to combat it.
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Delano High School Receives Top Honors
Delano High School has been honored as one of the best achieving schools in the country.
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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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