Alice, TX Divorce Buyout in Texas
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 Texas, 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 TX
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| Alice, Texas News |
Texas A&M University-Kingsville winter graduates
13 in the Steinke Physical Education Center. Jean Claire Turcotte, retired principal of St.
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Fuel truck on fire in Robstown
The electrical compartment of a small fuel tanker truck owned by Oil Patch Petroleum, Inc.
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Councilman recovering after wreck
Alice City Councilman John Lemon is making a gradual recovery after a car accident in San Antonio on Dec.
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Long-time Alice superintendent will retire in June
After a closed-door contract discussion with trustees Tuesday night, Henry Herrera announced that he would step down in June.
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C.C. Wind Symphony playing here
The Corpus Christi Wind Symphony will open their 2008-2009 concert season with a free concert Sunday, Dec.
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Christmas Season Marches In
Alice celebrated the beginning of the holiday season Tuesday evening with the city's annual Christmas parade through downtown.
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Three die in fiery wreck
One female and two male illegal immigrants died and five others were injured following a high-speed chase and wreck on County Road 229 near Concepcion in Duval County.
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Coastal Bend Rural Health Partnership elects leadership
On Nov. 12, during the meeting of the full Coastal Bend Rural Health Partnership "Partnership", hosted by Community Action Corporation of South Texas, a new slate of Executive Committee officers were elected to ...
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Religion notes
First United Methodist Church in Alice will celebrate its 125th anniversary with a free family fun day from 10 a.m. to 2 p.m. On Sunday special worship service begins at 10:15 a.m. with message by the Rev.
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Deputy finds $48,000 stashed in Chevy
A white GMC Chevrolet which was pulled over on U.S. Highway 281 for a traffic violation ended up netting $48,000 hidden in the vehicle, county officials said Thursday.
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'The Night Before Christmas' ... in Southeast Texas
An image of Christmas morning following the snowfall of Dec. 24, 2004 along the Texas Gulf Coast.
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Alice Newspapers, Inc. makes staff changes
Nicole D. Perez has been named General Manager of Alice Newspapers, Inc., which publishes seven newspapers in South Texas the Alice Echo-News Journal, The Freer Press, The Kingsville Journal, The Premont ...
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Marathon to make mark
The staff at St. John's Lutheran Church on Nueva Street took an "if you can't beat 'em, join 'em" approach to this Sunday's Rock 'n' Roll San Antonio Marathon and canceled their Sunday morning services.
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City warms up to Navy squadron
Alice city leaders approved a resolution in support of bringing the Navy's T-6 Squadron to the Naval Auxiliary Landing Field outside of Orange Grove.
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Lt. Col. (Ret.) Jim Yawn
ALICE, Texas Lt. Col. Jim Yawn, World War II veteran and prominent citizen of Alice, Texas, passed away at his home on November 12, 2008.
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New APD - Sofficers undergoing training
Tim LaGesse, one of the newest police officers on the Alice force, struck his trainer with a padded baton during a baton and pepper spray demonstration and training that continues through early next week.
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Forbes Energy Services Reports Selected Operating Data for October 2008
ALICE, Texas, Nov. 11 /CNW/ -- Forbes Energy Services Ltd. today announced its rig and trucking hours billed for the month of October 2008.
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Chapa files suit on officers, city
The mother of a juvenile who was punched by an Alice Police officer filed a civil lawsuit last month against the city and two police officer in the United States District Court.
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School Reunions: 11.10.08
William Adams High School graduating glass of 1956 will hold its reunion Friday and Saturday in Alice.
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Historical marker celebration honors artist Hunter
Artist John Warren Hunter graduated from Bandera High School, an accomplishment for the daydreaming youth who preferred drawing to academics.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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