Dos Palos, 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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| Dos Palos, California News |
DUI crackdown in Dos Palos leads to 10-mile chase at 100 mph
It was midnight in Dos Palos on New Year's Eve. It was also Chase Night. Almost the whole police department was out in force.
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Homicides increase sharply across Merced County
By VICTOR A. PATTON vpatton@mercedsun-star.com Oscar Wilde once said: "Murder is always a mistake -- one should never do anything one cannot talk about after dinner." Unfortunately, in 2008 many people in ...
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Athlete of the Week for Dec. 14-19: Andrae Jones
Los Banos varsity basketballLos Banos senior Andrae Jones, who played limited minutes last Monday night, dropped a game-high with 15 points on rival Dos Palos, which helped propel the Tigers to a 59-21 ...
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Freedom Alliance gives to needy families
Louis Flores, co-founder of the U.S. Freedom Alliance, was not surprised the need was bigger this year.As he, his wife and 15 volunteers handed out about 200 food boxes Wednesday morning at St.
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Los Banos Elks Lodge hosts veterans
Honoring our local veterans is one of the many causes that the Los Baños Elks Lodge supports.
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12 jailed in Dos Palos probation checks
The Dos Palos Police Department said it joined forces with Merced County Probation and the California Department of Corrections and Rehabilitation Parole division to stage some 20 compliance checks on Dos Palos ...
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Merced County Most Wanted: Carlos Rios Garcia
CHARGE: Child molestation, misdemeanor traffic warrants. BAIL: $155,000 NOTES: Last seen in the Dos Palos area.
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Ava Jane Katen
A girl, Ava Jane Katen, was born to Sara and Max Katen of Chowchilla on Oct. 13, 2008, weighing 6 pounds, 10 ounces.
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Man arrested in connnection with Gustine murder - Fri -
The last suspect in an investigation into Gustine's first gang-related murder in recent memory was arrested in South Dos Palos on Wednesday, according to acting Police Department Chief Jim Hamera.
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Prep football standings
Saturday's Games Brookside at Millennium Rite of Passage at Jim Elliot Chr. North Sequoia League Team Conference Overall Chowchilla 5-0 8-1 Yosemite 3-2 6-3 Wash.
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Local schedule for Friday, November 14, 2008
Cabrillo at Merced, 3:45 p.m. WOMEN'S BASKETBALL San Joaquin Delta at Merced College, 7 p.m. VOLLEYBALL Merced College at COS, 7 p.m. PREPS BOYS FOOTBALL Merced at Pitman, 7:30 p.m.; Buhach Colony at Los Banos, ...
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Teacher takes unique approach to creating a learning environment
R.M. Miano Elementary School fourth-grade teacher Sergio de Alba listens as his students perform a song Friday morning.
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Dos Palos, Los Banos elect five new faces
Meet the new members in your local districts: DOS PALOS-ORO LOMA Joe Castillo has been re-elected to the school board for which he has already served 13 years.
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Inspection turns up problems at local schools
The Merced County Office of Education confirmed Monday that local schools evaluated under the Williams Settlement were in order after fall inspections.
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Solo-vehicle crash kills woman, injures 3 children
A 29-year-old Dos Palos woman is dead and three small children are seriously injured, following a solo vehicle collision Saturday.
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Woman killed in weekend auto collision identified
A 29-year-old woman killed Saturday in a solo car collision on Highway 59 has been identified as Kenitia James of Dos Palos, according to Tom MacKenzie, Merced County Coroner's Office spokesperson.
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Most cities can do much more to stop auto-reliant sprawl
Across the San Joaquin Valley, one of California's fastest- growing regions, cities on average are doing about half of what they might to encourage smart growth.
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Letter: Marriage is between one man, one woman
Editor: Vote yes on Proposition 8. Homosexuals claim they would not be allowed to visit their partners if they were hospitalized.
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Accident takes girl's life
A collision on Highway 152 claimed the life of a 14-year-old girl and sent one other person to the hospital Friday.According to a California Highway Patrol report 34-year-old Maria Peres of Dos Palos and her ...
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Dos Palos family grows unique variety of rice
Amidst the rice fields of Merced County, a pioneering farm family prepares for the new crop -- and the rush to buy it.
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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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