French Camp, 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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| French Camp, California News |
Community Supported Agriculture links customers to farms
So your kids don't dig carrots. Will they take a cotton to kohlrabi? These days, San Joaquin Valley residents have direct access to the fruits and vegetables for which this region is so famous - even though the ...
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Road report -- Published Dec. 27, 2008
Westbound full connector ramp closure 8 p.m. to 6 a.m. at Crosstown and Interstate 5 for bridge deck treatment.
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Blood Drives -- Published Dec. 23, 2008
Golden Corral: 8:30 a.m.-12:30 p.m. Saturday. 2850 W. Grant Line Road. Information: 943-3830. Stockton Best Buy: noon-5:30 p.m. Monday.
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Vet care location weighed
The Department of Veterans Affairs has hired consultants to study whether to choose Stanislaus County or San Joaquin County for a health care center for veterans.
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Board says hospital program is faulty
Keeping San Joaquin General Hospital's residency program intact brings doctors to the region and saves the financially strapped hospital money, according to a report presented Tuesday at a meeting of the San ...
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Farm trucks gain time to meet emissions standards
Rene Schmidt of Silva Trucking co. in French Camp says that the trucks the company uses for hauling farm products play a crucial function at harvest and are just as important as newer vehicles that are used ...
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Neighbor arrested in case of tortured Tracy teen
Anthony Vincent Waiters, 29, was booked at 8:50 p.m. on suspicion of torture, conspiracy, child endangerment, false imprisonment and child abuse, police said.
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Tracy torture suspects in court
Their hands shackled at their waists, Michael Luther Schumacher, 34, his wife, Kelly Layne Lau, 30, and Caren Ramirez, 43, walked into a Stockton courtroom one by one.
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911 calls -- Published Dec. 6, 2008
There were 92 bookings at the San Joaquin County Jail in the 24 hours ending at 8 a.m. Friday.
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Delays may occur as Caltrans resurfaces nine county bridges
From now through March 9, drivers crossing nine bridges in the county could encounter brief delays as crews resurface the structures' decks, according to Caltrans.
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911 calls -- Published Nov. 29, 2008
There were 56 bookings at the San Joaquin County Jail in the 24 hours ending at 8 a.m. Friday.
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911 calls -- Published Nov. 23, 2008
There were 94 bookings at the San Joaquin County Jail in the 24 hours ending at 8 a.m. Saturday.
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Controversy follows turban ruling in S.J. murder trial
Every morning for most of his life, 56-year-old Gurparkash Khalsa of Stockton has woken up and wrapped a long swath of cotton fabric around the top of his head, making a turban to cover his hair.
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911 calls -- Published Nov. 7, 2008
There were 127 bookings at the San Joaquin County Jail in the 24 hours ending at 8 a.m. Thursday.
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Prosecutor seeks life sentence
A prosecutor said Monday he won't seek a death sentence against a prominent member of Stockton's Sikh community who awaits trial on charges he ambushed his daughter's ex-lover and killed him to avenge his ...
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City approves tax-funded subdivisions
Plans to build about 13,000 homes in two subdivisions in south Stockton were approved by the City Council late Tuesday, requiring for the first time that the developer and residents of new subdivisions pay ...
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District 1 runoff candidates vying for supervisor's seat
Both candidates running to represent District 1 on the San Joaquin County Board of Supervisors said they know the district, its people and its problems.
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County Juvenile Detention Officer Injured.
A San Joaquin County juvenile detention officer was attacked by a 16 year old detainee at the French Camp facility recently.
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A cut above the rest
For aspiring surgeons, there is no better place to train in the whole country than San Joaquin General Hospital.
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Ready for the job
Voters in San Joaquin County Supervisorial District 1 have a chance to send to the board a woman with considerable experience with county government.
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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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