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TX Divorce Buyout in Texas

Since 1979 Somerset Mortgage Lenders 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.

Local divorce buyout directory for TX :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Abbott Alice Angleton Arthur City
Abernathy Alief Anna Asherton
Abilene Allen Annona Aspermont
Ace Alleyton Anson Atascosa
Ackerly Allison Anthony Athens
Addison Alpine Anton Atlanta
Adkins Altair Apple Springs Aubrey
Adrian Alto Aquilla Austin
Afton Alvarado Aransas Pass Austwell
Agua Dulce Alvin Archer City Avalon
Aiken Alvord Argyle Avery
Alamo Amarillo Arlington Avinger
Alanreed Amherst Armstrong Avoca
Alba Anahuac Arp Axtell
Albany Anderson Art Azle
Aledo Andrews Artesia Wells

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Texas News
Drunk Driving Suspect With 4 DWIs Kills Texas Newlyweds

A car driven by a drunk driving suspect with four previous DWI arrests raced away from a sheriff's deputy, ran a red light then went airborne after a wreck and landed on top of an SUV, killing a newlywed couple inside, authorities said.

Second-grade teacher Erika Clouet, 24, and her husband of a little over a month, construction worker and aspiring musician German Clouet, 23, of Irving, were killed in the accident early Monday.

The driver, Uriel Perez Palacios, 22, of Dallas, remained in the hospital Tuesday. His passenger had to be cut from the vehicle and was also hospitalized.

Officials on Tuesday charged Palacios with two counts of murder and three counts of intoxication assault. A phone listing for Palacios could not be found. Palacios was arrested as recently as June for driving while intoxicated and was released after paying a $500 fine. He was also involved in two police chases and had four outstanding drug and DWI warrants, officials said.

A Dallas County sheriff's deputy pulled over Palacios around 2 a.m. Monday after spotting him weaving through traffic, authorities said. As the deputy approached the car on foot, Palacios sped off with his lights off and drove through a red light, striking a sport utility vehicle carrying five Southern Methodist University students.

Palacios' car went airborne and crashed into the Clouets' SUV, crushing it and killing them at the scene, authorities said. The couple was returning from a date at the movies.

"She was a wonderful teacher and will be greatly missed," said Irma Vega-Zadeh, the principal at the elementary school where Clouet taught.

At least three others were injured, including two SMU students who were hospitalized with non-life threatening injuries.

"Many deputies said it was one of the worst accidents that they ever saw," Dallas County Sheriff's Department spokeswoman Kimberlee Leach said in a story on The Dallas Morning News' Web site. "You couldn't make out what kinds of vehicles were involved."


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Small South Texas town dreams big with a casino

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Founded in 1767, but not incorporated until 1993, Granjeno clings to a sharp curve in the road a mile from the Rio Grande. It has a single city employee and a beer joint is its only business.

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Hundreds of Hurricane Gustav evacuees today left Texas shelters and headed home.


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A look at speakers for Tuesday's GOP Convention

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Evacuation Traffic Update

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Evidence Suggests Missing Toddler Was In Mother's Trunk

The Orange County Sheriff's Office said Sunday that evidence strongly suggests that there was a dead body in the back of Casey Anthony's car.


Some leave Gulf Coast ahead of likely evacuations

As city officials detailed plans for an evacuation that could be called over the weekend, some residents weren't waiting to be told to leave.


Bush: No to convention, plans Gustav trip to Texas

President Bush is skipping the Republican National Convention in St. Paul. He will travel instead to Texas to meet with emergency workers and evacuees as Hurricane Gustav bears down on the Gulf Coast.


Mandatory evacuations starting in southeast Texas

In the region where Hurricane Rita swamped the flat marshland and homes with several feet of water three years ago, few people waited around for Hurricane Gustav or even the mandatory evacuation that began at 6 ...


Statement on Federal Disaster Assistance for Texas

The President today declared an emergency exists in the State of Texas and ordered Federal aid to supplement State and local response efforts due to the emergency conditions resulting from Hurricane Gustav ...


Drunken-driving deaths fall in 32 states, including Oregon

WASHINGTON - Drunken-driving deaths fell in 32 states in 2007, the government reported Thursday, but alcohol-related fatalities increased among motorcycle riders in half the states.


If you're getting hitched in Texas, get ready to face a stiffer fee for a marriage license

If you're getting hitched in Texas, get ready to face a stiffer fee for a marriage license.


Tropical Storm Hanna forms

Tropical Storm Gustav closed in on Jamaica Thursday at near-hurricane strength as the death toll in Haiti rose to 51 while Tropical Storm Hanna formed in the Atlantic.


Top Stories: Oil companies completing Gulf evacuations

Royal Dutch Shell, BP and other oil companies wrapped up evacuations and shut down production Saturday as an intensifying Hurricane Gustav churned toward the petroleum-rich waters of the Gulf of Mexico.


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