Almena, WI Divorce Buyout in Wisconsin
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 Wisconsin, 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 WI
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| Almena, Wisconsin News |
Dorine D. Oftedahl
Dorine D. Oftedahl, 85, Rice Lake, Wis., died Sunday, Dec. 14, 2008, at her home.
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Some will have to wait for those tasty venison steaks
Many Barron County deer hunters looking forward to eating some tasty venison steaks following the 2008 deer hunting season may have to wait until the 2009 hunt to do so.
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Little debate as board approves county budget
With no changes to the budget previously seen at October's county board meeting, supervisors approved a 2.68-percent increase in the county's 2009 budget last Wednesday by a vote of 23-3. The vote sets the ...
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Hunters challenged to donate venison
The venison donation program is up and running in Barron County. For each deer a hunter donates, the hunter's name will be placed in a drawing.
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Board moves forward with generator project
Supervisor Ken Jost, of Chetek, tells fellow county board members Monday that he does not support moving ahead quickly with a plan to install an electric generator at the county's Waste-to-Energy plant in ...
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Incinerator project full speed ahead
The first of two hurdles has been cleared for expanding electrical generation capabilities at Barron County's incinerator in Almena.
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County looks at $2 million electric generation project
The Barron County Board of Supervisors took its first look at a proposed $2 million electric generation project during Monday's monthly meeting.
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1 dead in rollover accident in Barron County
A Turtle Lake man died in a one-car rollover crash in Almena Township early this morning, the Barron County sheriff's department said.
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Donald R. Hagen
Donald R. Hagen, 65, Turtle Lake, Wis., died Sunday, Oct. 19, 2008, at Heritage Manor Nursing Home, Rice Lake, after a hard-fought battle with cancer.
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County could contract out for forestry services
With the retirement of Barron County's current forestry director fast approaching, county officials are showing support for a proposal that would save money by contracting out for forestry services instead of ...
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Barn saved southwest of Almena
The Almena Fire Department was called out to a barn fire at the Alfred and Joyce Becker farm southwest of Almena Sunday morning.
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Incinerator faces $42,000 fine after failing emissions test
Loader Jeff Collier, of Barron, pushes trash into a pile at the Barron County Waste-to-Energy plant in Almena.
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Former Turtle Lake wrestling coach sentenced for sexual assault
A former Turtle Lake wrestling coach was sentenced to 60 days in jail for sexually assaulting a 15-year-old girl at the high school.
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New staff ready to meet VSO challenges head-on
New VSO Scott Bachowski of Rice Lake, front, has been joined by secretary Kathy Harland, left, of Almena, and Assistant VSO Dawn Anderson, of Chetek.
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Fall in equalized value has bright side for taxpayers
A 0.05-percent decrease in equalized value in Barron County has signaled the end of a golden era in the county's economic history.
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Circuit Court as of
Brandon G. Brekke, 25, of Clayton. Disorderly conduct. Fined $249. Adam C. Casperson, 19, of Neenah, Wis.
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Barron County Circuit Court as of
Kenneth L. Bergman, 53, of Barron. OWI ; vehicle operator eluding an officer. Sentence of 3 years in prison with 5 years of extended supervision and 36 months of license revocation imposed and stayed; 5 years ...
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Child assault charges filed against former Turtle Lake coach
Preliminary hearing proceedings are scheduled today in Barron County Circuit Court for an Almena resident facing two counts of sexual assault of a child.
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House Explodes on Upper Turtle Lake
On Thursday, July 24, at approximately 9:15 p.m. the Barron County Sheriff's Department started receiving reports of a significant explosion in the Turtle Lake area.
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Explosion disintegrates vacation home
A vacation home situated on the west side of Upper Turtle Lake was leveled in a major explosion just after 9 Thursday evening that wrought devastation to nearby residences and was reportedly heard up to 20 ...
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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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