Avon, IN Divorce Buyout in Indiana
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 Indiana, 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 IN
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| Avon, Indiana News |
Pontiac could be scaled back in GM restructuring
From left, Rex Dugan, Gary Houser Jr. and J.R. Dugan talk at Dugan Chevrolet Pontiac in Avon, Ind., last month.
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Pasadena bound
When Gerry Dunkin mentioned that she hoped to some day participate in the distinguished Tournament of Roses Parade, she never thought that dream would come to fruition.
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Hartman Inventory announces expansion south of Indianapolis
The home inventory service business is growing rapidly as people learn of the need for this information, but find they are too busy or choose not to do it themselves.
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Artist captures moments in nature
Indiana scenery may seem everyday and ordinary to most Hoosiers. But Hendricks County native Laura Appleby slows down to savor the light and the little things to be seen.
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2 are winners in youth music contest
Two Hendricks County youths were honored for their musical prowess during a first-ever competition Sunday.
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Avon names ita s Great Places
What defines Avon? It's a question that town staff have heard from residents over and over again.
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Riley cards feature 3 area kids' designs
Three Indianapolis-area children's art designs were among six chosen this year for Riley Children's Foundation's annual holiday card program.
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Police Blotter for Nov. 18, 2008
Avon Police Department Tuesday, November 18, 2008 At 6:29 a.m., property damage accident at 10841 E US 36 At 6:29 a.m., property damage accident at Shiloh Crossing Dr/E US At 7:01 a.m., property damage accident ...
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Benefit held to help Avon leukemia victim
Tommy Summerlin's family was given the worst news of their lives in August when they found out he had leukemia.
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Ben Davis competes with nationa s best
The Ben Davis "Marching Giants" performed with some of the best bands from around the country Thursday night in the Bands of America Grand Nationals competition at Lucas Oil Stadium.
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Health fitness campus planned for Avon
A large crowd filled the Town Hall here Tuesday as officials with Hendricks Regional Health and the YMCA of Greater Indianapolis announced a partnership and their plans to build central Indiana's first ...
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YMCA, hospital plan Avon facility
The metro area's YMCA and a hospital today will announce a proposal to build and share a fitness and wellness center by 2010.
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Help pours in for leukemia patient
Tommy Summerlin is battling a rare form of leukemia, typically found in adults. The 8-year-old from Avon was diagnosed Sept.
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Driver arrested in fatal Indy crash had 4 DUIs
An Avon man convicted four times on drunken-driving charges was arrested again Tuesday, this time after police say he slammed into the car of a 70-year-old woman, killing her.
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Avon officials hear plan for new development
Representatives from Hendricks Regional Health and the YMCA presented a brief explanation of a new development during an Avon Plan Commission special informational meeting Wednesday evening.
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Suspect's injuries delay hearing in fatal crash
A Marion Superior Court judge delayed until Monday the arraignment of an Avon man accused of driving drunk and killing a 70-year-old woman in a crash on the Northwestside.
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Avon man arrested after fatal accident
An Avon man was arrested Tuesday evening after the vehicle he was driving collided with another, killing an Indianapolis woman.
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Avon Greenway Trail will forge ahead
A new trail is taking shape in Avon. The Avon Town Council approved design for the second phase of the Avon Greenway Trail.
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IMPD: Driver in fatal DUI had previous record
Metro police say a man with multiple DUI arrests was drunk when he caused an accident on his birthday that killed a 70-year-old Indianapolis woman.
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Veterans Day events
The following events are taking place in honor of Veterans Day, November 11, 2008.
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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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