El Cajon, 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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| El Cajon, California News |
El Cajon Warned About Creepy Series Of Burglaries
East County residents are being warned about a series of home burglaries taking place while the occupants are asleep.
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El Cajon police warn about burglaries
The first of the thefts, which have all taken place in the southeast part of the city, was reported Oct.
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On trial:
Samuel Thomas "Tommy" McCauley Jr. and Franko Daniel "Dopes" Bernal are being tried jointly in Superior Court in El Cajon and are accused of fatally shooting a pedestrian in Murrieta on Thanksgiving night 2006 ...
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Prosecutor: Man killed pair during 2-day rampage
EL CAJON, Calif. - A man accused of killing a teenager and a convenience store clerk during a two-day rampage was charged with the crimes based on a fuzzy videotape and testimony from witnesses trying to ...
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One killed, three injured in early morning crash
A 20-year-old El Cajon man was killed and three other young men were injured when the speeding BMW they were in overturned several times on eastbound Highway 52 near Convoy Street in Clairemont shortly before ...
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Head-On Crash on Highway 67 Kills 1, Injures 4
A violent head-on crash in El Cajon killed a woman and sent four other people to the hospital with serious injuries.
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Elderly, ailing Carlsbad couple found dead
When police entered the house on Cannas Court, a short street less than half a mile from the intersection of Aviara Parkway and El Camino Real, just before 5 p.m., they found the bodies of an 88-year-old man ...
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Man Suspected of Killing Mother Pleads Not Guilty
The man suspected of beating his mother to death with a metal pipe and stealing property from her home pleaded not guilty to the charges.
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Bail Stays At $2 Mil For Man Accused Of Having Property Burned By Employee Who Died
A judge refused today to reduce the $2 million bail for a Ramona gas station owner accused of arranging to have his rental property burned down by an employee who died when the home near Mount Woodson exploded.
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El Cajon man dies from chain saw wounds
Herbert Ranney Webster was in the tree cutting branches with the electric saw at the house on Sundale Road off Jamacha Road about 1:15 p.m., officials said.
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Couple to be arraigned in death of mother
A man and his 19-year-old female companion are set to be arraigned Wednesday in the slaying of the man's mother at her mobile home.
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Sheriff's Dept. Arrests Man Accused of Killing His Mother
San Diego County sheriff's officials reported Sunday that a man accused of fatally beating his mother in her mobile home was arrested at a motel in El Cajon.
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Relationship Troubles Lead To Baseball Bat Attack
A man was hurt when he was attacked by his girlfriend's father and two other men -- one wielding a baseball bat -- in unincorporated El Cajon, a San Diego County sheriff's lieutenant said Saturday.
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Carjacked woman able to jump from vehicle
LA MESA a ' A woman who was carjacked Monday night in a parking lot at Grossmont Center and told to stay in the car was able to jump to safety from the vehicle in El Cajon and escape, police said.
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California First Transit Workers Choose Teamsters Union
Reservationists Join Teamsters Local 542, Coworkers Who Recently Voted Teamsters WASHINGTON, Dec.
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Poway man pleads not guilty in deadly house fire
A Ramona gas-station owner accused of murder and arson once told a witness he wished his rental house had burned down during the Witch Creek fire in 2007, a prosecutor said Monday.
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El Cajon man dies in Route 94 crash
A 23-year-old El Cajon man was killed Sunday night in a single-vehicle crash on state Route 94, authorities said Monday.
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Kidnapped woman: 'I'm alive, and they're in jail'
As she rolled around in the trunk of her own car, bound with duct tape that painfully tore at her skin and hair, Natalie Herbst-Vinge thought she was going to die.
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Better red than dead
So. Much. Drama. And yet so little has been written about Scarlet Symphony's music.
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Woman Killed While Crossing Freeway Identified
Authorities released the name Wednesday of a 24-year-old woman killed when she walked into the path of a car on Interstate 15 in the Miramar area.
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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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