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Athens, 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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Athens, Wisconsin News
Fire damages home in Town of Rietbrock

Fire crews were called to Partridge Road in the Town of Rietbrock early Monday night for a chimney fire.


Campus news

The University of Wisconsin-Green Bay held its commencement ceremonies Dec. 20. The following area students earned bachelor's degrees: Marathon County students: Cassidy Chojnowski, Edgar, cum laude, accounting; ...


Harold N. Utecht

Harold Norman Utecht, 82, of 811 120th Ave., Marathon, died peacefully Tuesday, Dec.


One-stop shopping made healthy

LEDGEVIEW - By opening their "organic" doors on Saturday, Dec. 6, Grassroots has brought to the De Pere area something it has never had in the past - a quaint, small grocery store featuring organic products, ...


One killed in Wien crash

A 37-year-old woman died in a two-car crash in which multiple injuries were reported Friday night, said Lt.


Person caught allegedly stealing anhydrous ammonia in Athens

A man is in custody this morning after allegedly stealing anhydrous ammonia overnight in Athens, according to the Marathon County Sheriff's Department.


Taking Stock

Education Nolan 'Whiz' Beck, associate campus dean and director of student services at the University of Wisconsin-Marathon County, was chosen as the academic staff representative for the 13 UW Colleges and 72 ...


Road crews, residents brace for storm

Even before the season's first big snowfall hit Wausau, Bill Zerneke of West Side Battery and Electric Service was feeling the effects of winter.


Edith 'Edie' W. Weiler

Edith 'Edie' W. Weiler, 82, Athens, died Saturday, Dec. 6, 2008, at the Golden Living Center, Abbotsford.


Henry M. Weix

Henry M. Weix of Abbotsford, 86, died Friday, Dec. 5, 2008, at Saint Joseph's Hospital in Marshfield.


Taking stock

Wipfli LLP recently was named one of the 'Best Accounting Firms to Work For' in 2008 by Accounting Today.


Courts

18 on felony charges of second-degree sexual assault and false imprisonment and a misdemeanor disorderly conduct charge.


January retirement planned for Everest Metro Police Chief Dan Vergin

WESTON - Everest Metro Police Chief Dan Vergin told his staff this afternoon that he plans to retire in January.


Economy will not deter UW study abroad travel

By: Cassie Holman /The Daily Cardinal - November 24, 2008 Although the economy is declining, many UW students still find it beneficial to study abroad.


Tithing on rise, church budgets still falter

Faith is stronger than the U.S. economy, if tithing levels at area churches are any measure.


Driver texting ban should be statewide, police say

Local police say text messaging while driving is dangerous, but without a statewide ban, it will remain difficult to curb risky driving habits.


Police face complications in regulating cell phone use while driving

Local police say text messaging is dangerous while driving, but anything less than a state-wide ban would be difficult to curb risky driving habits.


Two girls cited in drunken driving-texting crash

Town of Rietbrock - Two teenage girls have been cited for driving the same car after drinking while one of them sent a text message.


Deputy Michael Selby honored for rescuing Athens man from fiery crash

A Marathon County Sheriff's deputy who pulled a man from a burning vehicle was honored with a Life Saving Award Thursday at the county board of supervisors meeting.


Vehicle rolls while driver text messages, passenger steers

Two teenagers were cited for operating a vehicle while intoxicated Saturday after their car crashed between Edgar and Athens while the driver was sending a text message.


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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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