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Ault, 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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Ault, Colorado News
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James Michael 'Mike' Moots, 57 of Ault, died Nov. 30, 2008 at Poudre Valley Hospital.


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Police report: November 5-November 15

Thomas Russell Chambers, 62, of Windsor, was issued a summons for driving 47 mph in a 30 mph zone in the 1100 block of Main St.


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Leaves are falling and the leaf dump is closed. What's a person to do? If you are one of those residents who has numerous bags of leaves stacked up against their house and nowhere to take them, there is help ...


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Greeley police are searching for an Ault man for his suspected involvement in a Saturday morning shooting in north Greeley.


Community Calendar - Week of Oct. 23, 2008

Meetings are held in the Conference Room at Town Hall and are open to the public.


Election letters for Oct. 25

Vote for Tom Pettit for Weld County commissioner for District 3. I have known and worked with Pettit at Weld County School District 6 for 12 years.


Agland reports third straight year of growth

Agland Inc. of Eaton saw an increase in sales of 12 percent for its fiscal year and a gross revenue of $3 million.


Glade May Be Delayed, Propon...

Officials with the Northern Colorado Water Conservancy District continue to wait on the U.S. Army Corps of Engineers' decision on a permit for the construction of the Northern Integrated Supply Project.


17-year-old sentenced to Youth Offender System for his role in shooting

A tiny black cross with the word "Jesus" scrawled above it in black marker adorned the back of Oscar Marquez's orange jail jumpsuit as he stood before the court Thursday morning facing sentencing for his role ...


Teen tragedy still lingers 10 years later

Penny Preston, left, stands with her sons, Josh, 21, Dustin, 24, and Court Bannock, 27, and Marva Willcox, right, with her daughter Meghan, 18, by the roadside memorial for their two children Mike Preston, and ...


County council draws experienced candidates

Even all the candidates admit that the county council isn't the world's most exciting job, and yet, the race for its at-large seat is filled with experienced people.


Pettinger - Griffith engagement

Richard and Lisa Pettinger of Eaton announce the engagement of their daughter, Tonia Pettinger of Greeley, to Lee Griffith, also of Greeley.


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Colorado is one of the few states where you can go from peaks to prairie within a few hours' drive.


Model 'warbirds' to fly the ...

The skies between west of Ault will be abuzz with more than 200 radio-controlled aircraft when Warbirds over the Rockies returns today through Sunday for its fifth annual event at Drake Field.


Cochran receives five years probation

A manipulative sex offender or a husband and father composed of the highest integrity -- those were the two drastically differing images painted of a former Ault high school teacher Thursday in court.


World's biggest little air show comes to Colorado

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Election Letters for Sept. 25

Although unabashedly belittling, Marilyn Musgrave's recent negative ad attempting to link Betsy Markey's economic success to insider-style cronyism does serve to point out one undeniable truth.


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