Rough And Ready, 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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| Rough And Ready, California News |
Plenty of snow builds fun fest for winter wheels
Jeeps climb through high Sierra snow during Winter Fun Festival. The popular four-wheel-drive event based at the Nevada County Fairgrounds is expected to attract 600 people the weekend of Jan.
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Foresthill crash kills Nevada County man
A Nevada County man died in a single-vehicle crash in Foresthill on Saturday. Michael Jesse Morrison, 22, of Rough and Ready was driving west on Foresthill Road, west of Baltimore Mine Road, at 10:25 p.m. ...
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Police Blotter: Dec. 23, 2008
Grass Valley Police Department Sunday 8:58 a.m. - A caller from a business in the 400 block of Sutton Way reported two men barricaded themselves in the stairwell and were sleeping.
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Police Blotter - Dec. 8
Nevada County Sheriff's Office Friday 10:06 a.m. - A caller in the 10000 block of Gold Drive reported a neighbor was playing loud music.
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Pushed to the brink
BJ Joachim rings up a customer Tuesday morning at Rough and Ready Market. Photo for The Union by Liz Kellar Barbara and BJ Joachim knew things were getting grim.
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Armed gunman attempts holdup...
A man was arrested late Monday after he reportedly tried to hold up a woman at gunpoint in Rough and Ready.
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Marriage licenses
Nov. 3 Harris and Wood: Velva Joy Harris and Elizabeth Anne Wood, both of Nevada City.
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No walk in the park
Jade Frady, 5, learns how to ride her bike on the basketball court Friday at Western Gateway Park in Penn Valley.
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BLU-MED Supports Golden Guardian
KIRKLAND, Wash., Nov. 17 WA-BLUMED-GoldenGuard KIRKLAND, Wash. , /PRNewswire/ -- BLU-MED Response Systems announced the successful deployment and set-up of a 30,000-square-foot Mobile Field Hospital and Staff ...
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Couple in mourning after cougar kills Corgi
Mountain lions tend to hunt at dawn and dusk. * Do not leave pet food outside - it can attract mountain lion prey such as raccoons.
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Days of swine and roses
Elizabeth Steele a Nevada Union High School FFA member raises, shows and sells pigs, and recently won a national award from FFA.
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Nevada County girl celebrated for fine swine
Photo for The Union by John Hart Elizabeth Steele a Nevada Union High School FFA member raises, shows and sells pigs, and recently won a national award from FFA.
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Of Great and Mortal Men: 43 Songs for 43 U.S. Presidencies
While the rest of us have been busy wondering who is going to become the next president of the United States, three musicians have decided instead to look back at the previous occupants of this country's ...
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The Songs
Over the last decade, no one has better represented the working man on the radio than Trace Adkins.
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Local llama contributes to veterinary science
A local llama unwittingly helped make medical history when he became the first of his kind to use an experimental sling.
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Marriage licenses
Oct. 14 Baker and Engle: Karen Jean Baker and Laura Louise Engle, both of Spokane.
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Sentencing set in Navy corpsman's death
The woman whose car ran over 33-year-old Nevada Union High graduate Daniel Durgin in Marysville earlier this year, in a tragic and untimely death, is set to be sentenced at the Yuba County Courthouse on Oct.
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Police blotter: Oct. 11, 2008
Grass Valley Police Department Thursday 11:35 a.m. - A two-vehicle crash at LaBarr Meadows Road and McKnight Way resulted in no injuries.
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97 years and one address
This weekend, an estate sale will feature a life's worth of belongings owned by Edna Ruck, a third-generation Grass Valley woman who lived all of her 97 years in the same home.
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Joy Heath was eager for a new look after losing two stone. So her friend Sarah Grocott, who attends the same Slimming World class, nominated her for a Sentinelle makeover.
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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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