El Cerrito, 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
| El Cerrito, California News |
El Cerrito police calls
At about 10:10 a.m., police responded to Safeway at 10636 San Pablo Ave. on a report of shoplifting.
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Don't waste police outside crime areas
Once again, I read another report of an assault and attempted robbery on the BART pathway in El Cerrito.
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Protest Shuts Down Federal Building
More than 150 demonstrators succeeded in shutting down the San Francisco Federal Building for a brief time Monday to protest Israel's military action in Gaza.
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San Pablo is county's first majority-Latino city
Sometime in this decade, San Pablo became a majority-Latino city, the only one in Contra Costa County.
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Our Neighbors: Hercules man commands Diablo Flotilla
Thomas Sarnicola, of Hercules, is the 66th commanding officer and chief of staff of U.S. Coast Guard Auxiliary Flotilla 57, known as the Diablo Flotilla.
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What you love and hate
"... that my almost 80-year-old mother still calls me - her almost 56-year-old daughter - "baby girl!" She says she still remembers her delight at finally having a girl after three boys in a row.
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Chinese American ancestry talk Jan. 22 at library
Chinese American Ancestry. Jeanie Low, author of 'Chinese Connection: Finding Ancestral Roots for Chinese in America', will give a talk on how to research your family history.
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Suspects Sought In El Cerrito Attempted Robberies
El Cerrito police are investigating two attempted armed robberies Sunday evening, including one in which a victim was allegedly pistol-whipped. One robbery was reported shortly after 6 p.m. on the Bay Area ...
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El Cerrito police seek pair in attempted armed robbery
Police are looking for two people who tried to rob two others using a gun Sunday on the BART path in El Cerrito.
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Senior bandleader a born entertainer
Huey White loves to entertain, whether on stage, on the phone or conversing face to face.
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El Cerrito
Formerly McDonald Coffee Shop, this tiny green gem under the Culver Local tracks has a bill of fare that concentrates on wonderful Salvadoran enchiladas topped with sauted beef, crema, and crumbled cheese, and ...
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Trust fund established for Richmond gang rape victim
The El Cerrito chapter of the gay and lesbian activist group Join the Impact is rallying community support for the victim of a Dec.
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New El Cerrito High School ready for debut
Workers lay carpet in the theatre in the newly built campus at El Cerrito High School in El Cerrito, Calif.
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Students march to protest possible closure of Richmond high school
Students from Kennedy High including sophomore Aireonna Westbrook protest in front of the West Contra Costa School District Administration building in Richmond, Calif.
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West Contra Costa releases list of potential schools to be closed
Students head for the exits at the end of the school day at Kennedy High School in Richmond, Calif.
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5 teens arrested after El Cerrito BART robberies
Officers caught and arrested five teen boys accused of robbing two people a few minutes apart near the El Cerrito del Norte BART station Wednesday evening.
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Dec. 12 letters
Barack Obama isn't the only one who will have to hit the ground running in the midst of crisis.
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Magic show Jan. 10 at library
Children of all ages and their families are invited to the El Cerrito Library on Saturday, January 10 at 11:00 a.m to laugh and marvel as Dan Chan Magic Man, presents his amazing magic show! This free program ...
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Richmond burn victim slowly reclaiming childhood
Julian Zaragoza, at right, 6 years-old, looks on while mom Guillermina Zaragoza, center, gets help putting up decorations during his birthday party at Angel's Restaurant in Richmond, Calif.
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El Cerrito group making an Impact
A food donation drive is being held in El Cerrito through Dec. 22 with the goal of bringing a message to the city: We want to be accepted as a caring and vital part of the community.
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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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