Nice, 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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| Nice, California News |
Parole search nets arrests including one bail bonds woman
A parole search conducted on a residence on Highway 20 in Nice Monday morning resulted in the arrests of three people including a woman who provides bail bonds service in Lake County.
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The Daily Digest
Caltrans will be halting any projects that may induce lane closures for Christmas Day.
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Letters -- Published Dec. 23, 2008
Ronald Reagan said in 1982, "We don't have a trillion-dollar debt because we haven't taxed enough.
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Holiday tradition in the kitchen
We all, somehow, with the passage of time, manage to blow it and grow up. Nice going, young adults.
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Man found with explosives in parking lot
LAKE COUNTY According to a press release from Capt. James Bauman, public information officer, Lake County Sheriff's Office, on Monday at about 8:50 p.m., the deputy assigned to the north shore area responded to ...
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Naughty or Nice
The Santa Train was set to leave Willits station at around 2:30 p.m. Saturday, and most of the kids were pretty well pumped.
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Stonemountain and Daughter Fabrics
Inspiration awaits you in our two floors and three rooms of designer and natural fabrics here at Stonemountain & Daughter Fabrics in Berkeley.
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Burglary spree hits North Lakeport region
LAKE COUNTY Burglars continue to strike on the north end of the lake, bringing the tally of burglaries since the beginning of November to more than 10, according to reports from the Lake County Sheriff's ...
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Homes hit by burglars--By Staff reports
Lake County Sheriff's Office is warning residents to lock doors, windows and vehicles.
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Hunters, fishermen will have busy weekend
It will be a full agenda for the outdoor crowd this weekend. Saturday marks the start of the pheasant and wild turkey seasons, waterfowl season is in full swing, and fishermen will be out on Clear Lake going ...
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Our newest economic casualty: bribery
Our faith-based economy is in the dumper and everything's affected. Does that include the price of corruption? How about the cost of bribery insurance? Even as people hope for some nobility in the new ...
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Proposition 8. Did God make a mistake?
In 2000 the voters in California banned same sex marriage by an overwhelming majority.
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The Daily Digest
A 17-year-old Ukiah boy was arrested on suspicion of driving under the influence in the 600 block of South State Street at 11:08 p.m. Wednesday.
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Jeff Ackerman: In local politics, it's a small world
Politics aside, I love this time of the year. For those who still have kids in school, it's October Break.
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Pasco Police Looking For Missing Man From California
Pasco police say last Friday they found an empty RV Van on South 10th. Street , and that's how they found out the man was missing.
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County employee charged with possession of marijuana and loaded gun
Lake County Code Enforcement Officer Larry Morris Fabisch was arrested Saturday on charges of possessing marijuana for sale and having a loaded firearm in public.
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Caltrans plans new roundabout
The junction of Highway 20 and the Nice-Lucerne Cut-off is about to become safer and rounder, according to Caltrans spokesman Phil Frisbie.
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What? No gift table?
GPS is a godsend for those of us who are directionally challenged. Even my husband Dan uses the device, but mainly to back up what he believes are his incredible navigational skills.
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Heroes Redux: This Is Not a Drill, This Is the Future
The latest installment of Heroes, "I Am Become Death," didn't just have an impact, it had a blast crater! Now, if you haven't watched Heroes yet, superspeed out of here, but if you have seen it, teleport on in, ...
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Solar power set for testing in county
Solar power is expected to be online and undergoing testing by the end of the calendar year for three of the county's facilities, including two sewer treatment plants that serve a combined 25,000 residents, ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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