Delhi, 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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| Delhi, California News |
Delhi man dead in accident on Crows Landing Road
A crash earlier today on Crows Landing Road just south of East Service Road, southwest of Ceres, left one man dead, according to the California Highway Patrol.
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Man arrested for DUI after collision in Delhi
A 38-year-old Turlock man was arrested for driving under the influence Wednesday, after the CHP reported that he crashed his truck into a pole, fence and parked vehicles.
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Juvenile leads deputies on midnight pursuit in Delhi
A 15-year-old boy was sent to a Modesto hospital with minor injuries Wednesday after Merced County Sheriff's deputies said he led them on a short vehicle pursuit.
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Truck explodes in Delhi, according to CHP
A large fire transformed a big rig into a heap of hulking, charred remains within minutes on Monday, and caused massive damage to another truck parked a few feet away.
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Truck explodes in Delhi, according to CHP
No injuries were reported. The cause of the explosion is under investigation. The resulting fire destroyed one truck and heavily damaged a second big rig parked nearby.
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Delhi fight leads to shooting
Officers seeking help in the Bay Area looking to suspects. The Modesto Bee Merced County deputies are seeking five suspects after a shooting Friday at a home on the 12000 block of El Capitan Way in Delhi.
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Christians crowd Baghdad church, but many families are divided
The pews were packed for the Christmas Mass in Baghdad's Greek Orthodox church Thursday, a sign to Father Younan Yacob that the city had grown safer for its Christian minority over the past year.
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CBI questions anti-Sikh riot witness in US
Central Bureau of Investigation team has been recording the statement of Jasbir Singh, a US-based key witness to a case related to the 1984 anti-Sikh riots, in California, agency officials said on Tuesday.
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Turlock man held in drugstore robbery
Merced County sheriff's officials Thursday arrested a Turlock man suspected of robbing a Delhi drugstore of antibiotics, thinking they were narcotics, a department spokesman said.
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Man Takes Off With Register At Valley Gas Station
A North Valley thief took things one step further over the weekend, when he stole a cash register from a local gas station.
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Women Escapes after Being Held Captive
A 27-year-old valley woman says she escaped life after being held captive and repeatedly assaulted for four days by her ex-boyfriend. The Merced County Sheriff's Department says the woman was raped at a house ...
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Los Banos spellers take top spots at spelling bee
The Los Banos Unified School District is abuzz with excitement after four of its students placed in the Merced County elementary and junior high spelling bees last week.
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Kidnapping and Rape Suspects Arrested
Two men have been arrested in the North Valley on rape and kidnapping charges. Sheriff's Deputies in Merced County say 31 year old Andres Diaz of Delhi kidnapped his ex-girlfriend from her job last week.
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Woman escapes captors in Delhi
A woman escaped after allegedly being held captive and repeatedly raped over four days, and the man suspected of the crime and a possible accomplice are behind behind bars, according to the Merced County ...
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Cases when judges had to step down
Thursday, November 27, 2008 By Tariq Butt ISLAMABAD: While there are hardly a couple of examples of Pakistani judges having quit after being accused of favouritism or misconduct, several judges in different ...
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Stolen property in ministorage unit
Merced County sheriff's investigators served a search warrant at a Delhi ministorage unit Friday and found $15,000 in stolen property linked to at least five burglaries in Merced County, but most of the items ...
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Merced County gets grant for new emergency equipment
Merced County said its fire department recently was awarded a grant that will let the county equip every front-line fire engine with basic rescue tools.
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Local schedule for Tuesday, November 11, 2008
Sac-Joaquin Section Playoffs: Merced at Downey, 3 p.m.; Hilmar at Linden, 3 p.m.; Livingston at Escalon, 3 p.m.; San Juan at Le Grand, 3 p.m.; Delhi at Vacaville Christian, 3 p.m.; Mariposa at Capital ...
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From India to Arizona: Contest winners get mound tryout
Squinting into the desert sun, the scouts huddled behind a screen, their radar guns cocked.
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Updates: Masked men hold up drug store in Delhi
Deputy sheriffs in Merced County are looking for at least two masked suspects who held up the Delhi United Drugstore on Stephens Avenue in Delhi about 10 a.m. today, demanding opiates.
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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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