Pala, 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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| Pala, California News |
REGION: Century-old water dispute may finally end
A century-old dispute between five local tribes and two North County water agencies over San Luis Rey River water rights may soon be resolved, officials say.
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Rainbow MWD challenges CEC findings for Orange Grove power plant
Rainbow Municipal Water District board member Rua Petty took advantage of a California Energy Commission evidentiary hearing on the proposed Orange Grove Energy power plant to correct information in a CEC ...
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Bonsall Elementary holds open house at new campus
Thursday, December 18th, 2008. Issue 51, Volume 12. Christine Rinaldi photo. The Dancing Clouds from the Pala Band of Mission Indians gave a blessing and then a performance at the open house for the new Bonsall ...
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FALLBROOK: Gregory Canyon fight still tied up in court
Opponents of the Gregory Canyon landfill were recently dealt a blow in court, but the proposed solid waste dump remains tied up in lawsuits as RiverWatch pursues several appeals, a lead opposition lawyer said ...
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New business/lifestyle magazine well received
In order to fulfill the need for a monthly business and lifestyle magazine that would serve the I-15 corridor exclusively, the Fallbrook/Bonsall Village News has worked in cooperation with the Fallbrook Chamber ...
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Fugitive escapes but 2 other men shot by deputy
Jeep SUV with bullet hole in the rear window. The incident began shortly after 3 a.m. when sheriff's deputies from the Valley Center station tried to pull over Ryan Jacob Rico, 23, who was driving westbound on ...
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PALA: Two injured in deputy-involved shooting on reservation
Two men were shot early Friday morning after a deputy opened fire just off Highway 76 near Lilac Road, Sheriff's authorities said.
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2 Shot by Deputy, Fugitive Escapes
Two men were shot by Sheriff's Deputies on the Pala Indian Reservation as Deputies were trying to apprehend a man with a warrant for his arrest.
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A San Diego Sheriff's deputy shot and wounded two suspects in Pala Friday.
A San Diego County sheriff's deputy shot and wounded two suspects Friday morning on the Pala Indian Reservation just east of Pala Casino after the suspects allegedly rammed the deputy's car during a pursuit, ...
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Water settlement knots finally untangling
Standing alongside the Escondido Canal on the edge of Hellhole Canyon a few weeks ago, Bo Mazzetti, vice chairman of the Rincon Indian band, could see the outlines of his reservation miles away.
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Liberty annexation progresses
Temecula's contested bid to block the development of a surface mine by annexing a nearly 5,000-acre swath of granite-strewn hillsides is headed for another showdown.
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Grangers mine for gems in Pala
Thursday, November 27th, 2008. Issue 48, Volume 12. Lucette Moramarco photo. Rainbow Valley Grange members Suzy Moramarco, Andrew Donoghue, Chris Dunckel and Sarah Fontana fill buckets from a mound of debris ...
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Mount Olympus, located east of Interstate 15between the communities of Pala and Rainbow
The San Diego County Board of Supervisors approved an agreement to acquire a 37.8-acre site in Pala which will be added to the Mount Olympus Preserve.
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Landfill obstacle removed
1994 : Voters in a countywide election approve a measure that rezones land in Gregory Canyon to allow a landfill.
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Visitors Bureau: new strategic plan Signature events added
The October 30 meeting of the Fallbrook Area Visitors Bureau saw support for an update of the bureau's 2007-12 strategic plan which includes an increase from two signature events per year to at least four such ...
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PALA: Band to be 'treated as a state' on air quality concerns
The Pala band of Mission Indians has been granted state-like status in weighing in on projects that affect air quality within a 50-mile radius of the reservation.
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Pala adds a state-of-the-art laundromat to reservation
Emma Castaneda and Maria Almeida rotate their laundry loads at Pala Tubs, the new laundromat on the Pala Indian Reservation.
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Supah Papalicious US Tour 2008
Fresh from the success of the Don Romantico US Tour last October 2007, BEYONDJEFF PRODUCTION once again brings back the wacky comedian VHONG NAVARRO for a series of shows in the United States for November 2008 ...
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PALA: New track for small school a hit with kids, parents
Students in Ginny Leighton's fourth-grade class at Vivian Banks Charter School in Pala, use the up-graded running track at the school Wednesday.
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Perfect Timing: PETA Protests Leather Shoe Requirement at Chrysler Factories
Executives at Chrysler have a lot on their minds these days -- sales fell 33% in September , the new, 2009 Dodge Ram is hitting dealerships, and now the automaker is in heated merger talks and could even be ...
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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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