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Alamosa, CO Divorce Buyout in Colorado

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 Colorado, 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 CO

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Alamosa, Colorado News
Lights, camera . . . action?

Nearly two decades have passed since Steven Spielberg eyed a house in Antonito as a backdrop for part of "Indiana Jones and the Last Crusade." The 1989 movie, which also included scenes on the Cumbres & Toltec ...


At least 8 hurt in South Fork blast

Emergency workers toil at the scene of an explosion in a home under construction in South Fork, Colo., on Tuesday, Nov.


Cdot Prepared for Winter Conditions

As winter sets in on Colorado, particularly over the mountain passes, Colorado Department of Transportation Maintenance crews have begun their winter patrols.


Daniels Fund contributes funds to Pueblo YMCA

The YMCA of Pueblo has been awarded $250,000 from the Daniels Fund to complete more of the Phase II work on the new community campus.


Company proposes shipping hub

Iowa Pacific Holdings is working on tentative plans to build a shipping hub linking the San Luis & Rio Grande rail line with truck traffic along U.S. 285.


Colo. school honors native

A Colorado college has named its center for mass communications after a professor from Amarillo who died two years ago.


The Nation's Weather

Rain continued to fall Saturday in the Pacific Northwest, where flooding has already taken a toll.


The Nation's Weather

A strong winter storm developed over the northern and central Plains on Thursday, delivering low temperatures and heaps of snow that blew, drifted and limited visibility.

Scattered showers and thunderstorms stretched from the upper Great Lakes to the lower Mississippi Valley, none severe.

It rained in the Northeast, with the heaviest showers reported over Boston. The Pacific Northwest also experienced rain showers ahead of an advancing warm front.

Temperatures in the Lower 48 states ranged from 1 degree at Alamosa, Colo., to 86 degrees at Weslaco, Texas.


State's scenic routes are a visual treasure chest

The year was 1939 and I was six years old. The folks -- A.I. and Casilda Moloney -- my sister Marie and I took the Rio Grande Railroad's steam engine trip over La Veta Pass in southern Colorado from Alamosa to ...


"Hispanics for Victory" Bus Rolls Through Southern Colorado

"Hispanics for Victory" bus is Campaigning in Southern Colorado Wednesday. Former Colorado state Sen.


RGWCD groundwater management Sub-district #1 trial: Opening arguments

Here's a recap of yesterday's proceedings in the trial over the governance of the Rio Grande Water Conservation District's groundwater Sub-district #1, from the Valley Courier .


Lopez named editor of El Paso Times

Chris Lopez, a 25-year veteran of daily newspapers, has been named editor of the El Paso Times.


Alamosa hospital going solar

The San Luis Valley Regional Medical Center plans to soak up as much sun as possible in the next two decades.


Woman's note leads to arrest in Colorado

A Texas Panhandle woman went on a trip with a former prison inmate she knew, but along the way it turned "violent and ugly" and she wound up being abused and held captive during a terrifying a monthlong journey ...


Note Pleading For Help Leads To Kidnapping Arrest

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Two killed in motorcycle crash

A motorcycle accident on Rio Grande County Road 27 left two people dead Saturday night.


MMA event coming to Alamosa Rec Center

Pro fighters on the bill By REBECCA VAN DYKE ALAMOSA - With a long list of mixed martial artists filling in 12 fights, spectators are sure to see some action when Nemesis Promotions in conjunction with Southern ...


Pumpkin coloring trio

Photo by Nelda Curtiss Rounding up the last weekend of the Alamosa Farmers' Market is the pumpkin coloring table.


Spruce beetles plague RG National Forest

Photos by Rebecca Van Dyke Kirby Self, supervisory forester for the Divide Ranger District, takes a small hatchet to a dead Spruce tree to reveal the larvae of the Spruce Beetle.


City still settling salmonella score

Fund transfers approved By RUTH HEIDE ALAMOSA - The City of Alamosa still has a score to settle with 'sally,' the nickname given to the salmonella outbreak this spring.


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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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