Auburndale, 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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| Auburndale, Wisconsin News |
Interest rates favorable
Although the nation is in the midst of a recession, now is a good time to refinance a home mortgage.
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Yesterday in Marhfield
Paul. Navy Petty Officer 2nd Class Todd Egner, son of Gerald and Donna Egner, Auburndale, Navy Petty Officer 3rd Class Gaylord Brown of Loyal, and Navy Seaman Jeremia Mueller, son of Anthony and Lori Ried, ...
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Police/courts
Wisconsin Rapids At 5:54 p.m. Monday, a van driven by Nicole L. Beale, 27, Wisconsin Rapids, and a car driven by Maribeth Corcoran, 54, Wisconsin Rapids, collided at the intersection of Grand Avenue West and ...
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Christmas in the barn in Auburndale
Photos by Laura Schmitt/Marshfield News-Herald The Rev. Mark Lundgren of St. John's Lutheran in Auburndale holds a Christmas service in Diana and Mike Berdan's barn on Saturday evening.
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Area nursing homes received mixed ratings
Marshfield nursing homes received mixed ratings in state report By Jacob Miller and Nathaniel Shuda * Marshfield News-Herald * December 25, 2008 Three area nursing homes received an average rating, while two ...
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Christine Ann Post
Christine Ann Post went home to our Heavenly Father on Dec. 11, 2008. Services were held on Dec.
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Holiday happenings involve residents
Sleigh rides were given by Dennis and Randy Raab of Arpin. Dennis drives this team.
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Holiday happenings involve residents
Sleigh rides were given by Dennis and Randy Raab of Arpin. Dennis drives this team.
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Marshfield area weather closings
Schools in the Marshfield, Auburndale, Stratford, Pittsville and Wittenberg-Birnamwood districts will be closed today due to the winter storm.
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Vesper Head Start added to school closure list
The following school districts have canceled classes due to the snow: Pittsville Public Schools Adams-Friendship Public Schools Northland Lutheran and Wisconsin Valley Lutheran Auburndale Public Schools ...
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Teens recognized for volunteer service
Saralynne Mann and Jarett Weiler were recognized recently for their volunteer service to Saint Joseph's Hospital.
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Area preparing for major road construction projects
There's a joke that Wisconsin has two seasons -- winter and road construction. While the bite of winter is felt now, the Marshfield area will be inundated with road construction during the next three years.
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Police/courts
Pittsville At 10:36 p.m. Monday, the Pittsville Fire Department responded to a dryer fire at Kolbeck Laundromat, 8244 Main St., Pittsville.
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Volunteers Give
Published: Thursday, November 27, 2008 at 9:40 p.m. Last Modified: Thursday, November 27, 2008 at 9:40 p.m. AUBURNDALE Nine-year-old Latrell Liseon ran, one hand holding a paper bag full of Thanksgiving food, ...
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Group Delivers More Than 600 Thanksgiving Meals
Nine-year-old Latrell Liseon ran, one hand holding a paper bag full of Thanksgiving food, the other holding up his pants.
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Daily records
Hillyer suffered minor injuries but did not require medical transport. * At 12:30 p.m. Friday, a vehicle driven by Peter B. Krause, 42, Auburndale, overturned after being involved in a collision with another ...
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News from Wood County in Communities
Sally Winkels of Pittsville writes about the Pilgrims' first Thanksgiving. V&H Automotive congratulates an Auburndale man for winning its October contest.
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Sunday police reports
A 21-year-old Marshfield man was taken into custody for two valid Wood County warrants following a traffic stop.
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Yesterday in Marshfield
Although he may not play defense or make the game-winning shot, his contributions are immeasurable.
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Teacher had 0.28 alcohol level in train death
A Marshfield High School teacher had a blood alcohol level more than three times the legal limit for drivers when he was killed by a train last month, according to a Wood County Sheriff's Department statement ...
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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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