Aspen, 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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| Aspen, Colorado News |
"Errors" cited in 4 deaths in Aspen
The Aspen Times reported Thursday night on its website that a "combination of errors" in the construction of a $9 million mountain estate likely led to the deaths of a Denver family of four from carbon-monoxide ...
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Three hospitalized for carbon monoxide poisoning in Breckenridge
BRECKENRIDGE, Colo. -Three people staying in a home on Royal Tiger Road in Breckenridge last weekend suffered carbon monoxide poisoning after a faulty furnace released potentially deadly levels of gas into the ...
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Patrol: Crash kills 3 in Costilla County
The Colorado State Patrol says three people are dead after a two-vehicle crash near the southern Colorado town of Blanca.
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Aspen home where family died required CO detector
ASPEN, Colorado - A building plan approved by Pitkin County about five years ago called for a Popcorn Lane home - where four people were found dead of apparent carbon monoxide poisoning Friday - to be fitted ...
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Busted in Aspen, Sued in Denver
As a founding board member and chief financial backer of the Save Our Springs Alliance , Kirk Mitchell is clearly familiar with litigation, as the environmental group has spent a lot of time and resources in ...
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Aspen deaths are second tragedy for one Denver neighborhood
It's mid-afternoon and Maria Ruiz is learning that this will be the toughest time of the day for her to get through.
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Mariah Carey gets ski chalet for Christmas
Mariah Careya s husband has bought her a A 1 million ski chalet. Nick Cannon, who married the Touch My Body singer in April, splashed out on the five-bedroom property in Aspen, Colorado, as an early Christmas ...
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Denver family found dead in Aspen home
Parker Lofgren, 39, Caroline Lofgren, 42, and their children, Owen, 10, and Sophie, 8, lived in Denver.
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Sales of carbon monoxide det...
Local hardware stores can't keep enough carbon monoxide detectors on the shelves after the public learned of the tragic deaths of a family of four who died on Friday from the deadly gas.
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Nick Cannon buys Mariah $1.5M ski chalet
A source told Britain's Daily Mirror newspaper: 'Nick is clearly still in the honeymoon phase.
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Victims In Aspen Home Were Contest Winners
The Denver family who died from carbon monoxide poisoning in an Aspen home had won the trip as part of a fundraiser, a family friend told the Denver Post.
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Man arrested at Aspen nightclub
A Pueblo man was arrested Saturday night after authorities allegedly found LSD-laced sugar cubes and a bag of marijuana on him at an Aspen nightclub.
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Aspen Thanksgiving holiday turns tragic for Denver family
Aspen friend describes Lofgrens as 'a lovely family' ENLARGE Parker, Owen, Caroline and Sophie Lofgren, of Denver, were found dead Friday in a home where they were vacationing near of Aspen.
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Denver family found dead in Aspen
A founding partner of a Denver investment bank and his wife and their two children were found dead Friday in a home with high levels of carbon monoxide just east of Aspen.
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4 Found Dead in Aspen Home
Posted on November 28, 2008 by Rick Adams Carbon monoxide may be to blame in the deaths of four people in the Aspen area.Sheriff deputies from Pitkin County found the bodies of a man, woman and two children in ...
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Four found dead in home near Aspen
The bodies of two adults and two children were found Friday evening inside a residence on Popcorn Lane a few miles east of the Aspen city limits, authorities said.
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Aspen council on the Internet
A possible cure for insomnia or a convenient resource for those who like to be informed, Aspen City Council meetings are now broadcast live on the Internet.
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Aspen Santa Fe Ballet steps into winter season
Aspen Santa Fe Ballet has announced its 2008-'09 Winter Dance Series. The series will feature five programs, all at the Aspen District Theatre.
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Building firm, bitter over Aspen brewers, files complaint
A local construction firm has filed a complaint in Pitkin County District Court against the Aspen Brewing Co., and other parties, alleging it was not paid in full for work completed at the Mill Street brewery.
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Daily food requests rise for Glenwood Springs nonprofit LIFT-UP
RIFLE, Colorado - Each year around the holidays Mike Powell is overwhelmed with the generosity of Garfield County 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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"...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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