Diablo, 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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(800) 675-9783
| Diablo, California News |
Resolve to see local theater companies
AS WE COMPLETE the first full week of the new year, I suspect many people have already given up their New Year's resolutions.
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Diablo Grande shows split personality
This is a tale of two new owners of a major development in Stanislaus County. One is engaged and communicative, telling homeowners and golf club members what future plans are and what they can expect.
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Inauguration Celebration, Jan 20
The Mt. Diablo Peace and Justice Center, the City of Walnut Creek, the Walnut Creek Chamber of Commerce, the Downtown Business Association, and Broadway Plaza will co-sponsor an inauguration celebration to mark ...
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Daniel Borenstein: Seeno's moves confounding
An attempt by the Seeno homebuilding family and Pittsburg officials to shortcut normal planning steps for development of prominent hillside land southwest of the city and adjacent to the Concord Naval Weapons ...
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Pleasant Hill/Martinez public meetings
There are no public meetings scheduled for the upcoming week. Martinez Martinez city offices are closed from noon Dec.
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Business is sweet for Rachel Dunn Chocolates
Chocolatier Jaime Chavez transfers a Fuji apple covered in caramel and dipped in chocolate into a bin filled with chopped almonds as employee Daniel Favela carefully smothers the apples in almonds at the Rachel ...
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Theater groups working through tough times
WELL, it has certainly been quite a year for theater companies in Contra Costa County.
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The Eye -- The next place you'll have to take shoes off
Pittsburg City Councilman Will Casey apparently didn't want to take a chance that he might have to duck during last week's council meeting, so he began by asking if everyone there "had removed their shoes ...
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Rain and snow will ease off, but tonight will be cold
The brunt left a couple of inches of snow on Mount Diablo in Contra Costa County and sprinkled flakes as low as 1,000 feet early this morning.
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Gary Bogue: Killing woodpeckers won't solve Rossmoor's problems
"When a dead tree falls, the woodpeckers share in its death." - Malayan proverb Killing woodpeckers The two homeowners associations at Walnut Creek's Rossmoor retirement community that have reaffirmed their ...
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Rossmoor rejects plea to not shoot woodpeckers
Two homeowners associations in the Rossmoor retirement community in Walnut Creek have reaffirmed plans to shoot 50 acorn woodpeckers despite pleas from the Audubon and U.S. Humane societies to use nonlethal ...
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Wish Book: Shelter bites back at bed bugs
Like four-star hotels and college dormitories, the San Jose Family Shelter has been waging a battle with bed bugs, those irritating but otherwise harmless blood suckers that creep out at night to feast on ...
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Mt. Diablo school district sees increase in homeless students
Savannah is a 17-year-old girl high school student who lives with her diabetic grandmother in a shelter that will soon close.
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Wintry blast wets roads, dusts Mt. Diablo
The Bay Area got its first taste of winter Sunday, with rain soaking holiday shoppers and snow glazing the top of Mount Diablo, plus a rash highway fender-benders and spinouts.
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Walnut Creek group wants military recruitment ads out of movie theaters
A Walnut Creek-based group is urging local movie theaters to keep military recruitment off the silver screen.
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First frigid blast moves in on Bay Area
Winter blows into town this weekend with a cold and rainy storm that is expected to make for an equally cold and rainy week, the National Weather Service said.
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EPA: Fix waste pond at Calif. mercury mine
The Environmental Protection Agency has ordered an immediate shoring-up of a pond at an old mercury mine that could pose a threat to San Francisco Bay.
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Mt. Diablo school board to begin voting on budget cuts
The Mt. Diablo school board will hold a special meeting at 7 p.m. Tuesday at Northgate High School to discuss budget cuts, a June parcel tax and reorganizing the district's legal department.
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East Bay Parks supervisor drowns in Hawaii accident
Roger Epperson dazzled his childhood friends in Concord with his collection of snakes and lizards and his resilience in trekking up the steep slopes of Mount Diablo.
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Arts notes --- Dec. 11
Diablo Women's Chorale offers 'A Little Christmas' Holiday music of all types - sacred and secular, a capella and accompanied - will be presented by the Diablo Women's Chorale at its 66th annual holiday concert ...
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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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