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Avondale, 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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Avondale, Colorado News
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Democratic nominee Sen. Barack Obama spoke with News First's Georgiann Lymberopoulos about the economic bailout.


Veterans Day comes early in Avondale

CHIEFTAIN PHOTO/MIKE SWEENEY -- Grand Marshal Harry Wenzel waves to the crowd during the Avondale Veterans Day Parade on Saturday.


The Vatican goes green with solar energy

The Vatican installed 2700 solar panels on the roof of the Papal Audience Hall this week.


Avondale schedules vet parade

A retired Pueblo County Sheriff's Office commander will be the grand marshal for Saturday's sixth annual Veterans Day Parade in Avondale.


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Hackney wins rodeo pageant -,

Kara Hackney, last year's Ellis County Rodeo Queen, recently was crowned 2009 Miss Teen Rodeo Kansas.


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The founder of an established player in the region's construction industry has passed the business along to his son.


Labor situation stabilized say farmers

Two years ago, in a time of deep anti-immigration sentiment, then-Gov. Bill Owens signed a series of bills touted to make Colorado the toughest state for undocumented foreigners.


Farmers differ on the Future of Our Farms

Donny Cooper used to worry about weeds on his Boone farm along the Bessemer Ditch.


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Boone, Avondale to hold chem-demil meetings

Public meetings on the next phase of the Defense Department's effort to destroy Pueblo's stockpile of chemical weapons will be held at 7 p.m. Tuesday and Wednesday in Boone and Avondale.


Boone, Avondale to hold chem-demil meetings

Public meetings on the next phase of the Defense Department's effort to destroy Pueblo's stockpile of chemical weapons will be held at 7 p.m. Tuesday and Wednesday in Boone and Avondale.


Drought has Avondale rancher feeling parched

Pueblo County dryland farmers and ranchers could become eligible for federal emergency programs shortly as an ongoing drought continues to plague the area.


Boy Scouting offers Pueblo youngsters

CHIEFTAIN PHOTOS/NATHAN PAPES Several Boy Scouts in Troop 30 walk up a path while heading to the mess hall during summer camp last month at San Isabel Scout Ranch.


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