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Earlimart, 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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Earlimart, California News
Several Kids Hurt in Rollover Accident

The CHP says 7 people were hurt when a woman lost control of her pickup truck and rolled Wednesday morning near Earlimart.


4-year-old injured when pickup crashes near Earlimart

A 4-year-old Alpaugh boy suffered major injuries when he was ejected from a pickup Wednesday morning.


Mana s stolen tractor quickly found near Earlimart

A man's stolen tractor was found and returned to him as authorities searched for the thief.


Earlimart traffic stop leads to gang arrest

Tulare County Sheriff's gang taskforce detectives arrested five people suspected in gang activity during a traffic stop in Earlimart New Year's Eve.


Improper bicycle equipment results in Earlimart man being arrested

An Earlimart man was arrested for being under the influence of a controlled substance after being stopped for riding a bicycle without proper equipment.


Thief steals valuable papers from womana s vehicle

A thief smashed a vehicle window and got away with some paperwork. Tulare County Sheriff's deputies were sent at 10:28 a.m. Monday to the 400 block of Market Road in Earlimart to investigate a vehicle burglary.


Earlimart man loses car stereo to thieves

Someone broke out the window of vehicle located in the 1000 block of Earlimart Street and took a stereo.


Fog Alert: CHP guiding Highway 99 cars from Tipton to Earlimart area

Heavy fog in south Tulare County has prompted the California Highway Patrol to begin pacing cars on Highway 99 from Tipton to south of Earlimart.


Thieves steal more than $3,000 from woman

Someone forced their way into a South County home and stole property valued at about $3,160. The incident took place at an unknown time Thursday in the 800 block of Front Street in Earlimart, the Tulare County ...


Stolen trailer recovered in Earlimart

Tulare County Sheriff's deputies recovered one of two trailers stolen from a Earlimart area farm Tuesday.


Third suspect caught in Hopper homicide case

The third suspect in the Halloween killing of a Porterville man in Terra Bella was arrested Wednesday.


Schools on Plan A foggy day schedules listed

The following schools have instituted the Plan A foggy day bus schedule: Pixley Union Alpaugh Unified Central Valley Christian Earlimart Palo Verde Tipton Elementary Tulare Joint Union High School District ...


Rain Causes Earlimart Fire

The rain actually caused a fire in the South Valley. It happened at an almond processing plant south of Earlimart.


Deputies search for gunman in shooting of Woodville man Sunday and...

Tulare County Sheriff's deputies are on the lookout for a gunman who shot and killed a 28-year-old Woodville man late Sunday.


Gang sweep leads to numerous arrests

Two Woodlake men and an Earlimart man were among the 12 arrested during a drug suppression sweep conducted Sunday in the South County.


Earlimart man arrested on suspicion of homicide

A 20-year-old man from Earlimart was served an arrest warrant on suspicion of homicide Sunday during a gang suppression sweep in Ivanhoe, Linnel Camp and Earlimart, according to the Tulare County Sheriff's ...


Torrez: 'Word of Mouth' Got Him Hospital Board Seat

Richard Torrez thinks several factors, including a large supportive family, helped him get elected to the Tulare Local HealthCare District board without waging a high-profile campaign.


Victim Identified In Earlimart Homicide

The Tulare County Coroner's Office has identified the victim of Earlimart's latest murder over the weekend.


Man fleeing from officers crashes into patrol car, second vehicle and fence

A man fleeing from Tulare County Sheriff deputies collided with a patrol unit, a second vehicle and a residential fence.


Jewelry, electronics stolen from home

Tulare County sheriff's deputies are investigating the reported theft of an estimated $13,500 in jewelry, electronics and clothing from an Earlimart home Wednesday.


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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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