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Augusta, 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.

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Augusta, Wisconsin News
Online

TUESDAY, 3:39 p.m., Golf Road and U.S. 53. A vehicle driven by Ian M. Stroede, 20, 1011 Porter Ave., was eastbound on Golf Road attempting to turn left onto U.S. 53 when it collided with a vehicle driven by ...


Invasive species could force firewood decision

Eau Claire County's Parks and Forest Advisory Committee unanimously recommended that the county prohibit firewood from being brought to county campgrounds from more than 50 miles away.


Man ordered to stand trial in rural Augusta woman's death

A Florida man charged in connection with the Oct. 22 death of a rural Augusta woman has been ordered to stand trial.


Lawyer: Client not tied to rural Augusta woman's death

The attorney for the Florida man charged in connection with the Oct. 22 death of a rural Augusta woman says medical records from both Eau Claire hospitals fail to tie his client to the woman's death.


Holiday visit no joke

It's time for some leftovers from the past two holidays. First up is Halloween. A north side woman called Eau Claire police just after 3 a.m. on Nov.


Charges upgraded in beating death of woman

A substantial battery charge was upgraded Tuesday to felony murder against a Florida man in connection with the Oct.


Felony murder charge in Augusta woman's death

A felony murder charge has been filed against a man already accused of beating an Augusta woman who led a small religious group that opposes embalming.


Victim was investigated for homicide

Kathryn S. Padilla, the victim in an Eau Claire County homicide case, was the target of a police investigation several years ago related to a double homicide in Hudson.


Florida man suspect in battered woman's death

A Florida man suspected in the beating death of a rural Augusta woman he lived with is in the Mendota Mental Health Institute in Madison, according to court records.


Augusta woman's death under investigation

The Eau Claire County Sheriff's Department is investigating the circumstances surrounding the death of an Augusta woman.


Flu shots offered

Flu shot clinics are being offered by the following: - 2:30 to 4:30 p.m. Monday, Oct.


Around Town

Oakwood Hills retirement community is set to host a "Let's Talk Seniors" presentation at 4:30 p.m. and an Oktoberfest supper at 5:30 p.m. Wednesday at Oakwood Hills, 4316 Oakwood Hills Parkway.


Trip makes teen's 'wish' come true

Jennifer Jacobson didn't talk long about the heart disease that already has caused one of her lungs to quit absorbing oxygen.


Around Town

Oakwood Hills retirement community, 4316 Oakwood Hills Parkway, will host a presentation about preventing falls in the home at 3 p.m. Monday.


Around Town

The Eau Claire chapter of the American Association of University Women is collecting used books through Oct.


Public Library Director Certification Course Scholarship

Leslie LaRose is the winner of the Public Library Director Certification Course Scholarship offered by Continuing Education Services, UW-Madison SLIS.


Online

Value $1,400. Reported Monday. Eau Claire County Injury accident TUESDAY, 1:45 p.m., Highway AF at U.S. 12, town of Bridge Creek.


Amish men help firefighters battle blazes

It wasn't just firefighters that helped put out a fire in Augusta, Wisconsin on Wednesday.


1 Dog, 2 Cats Killed as House Burns to the Ground

No one was home when the fire started, but Chad and Vicki Boettcher say their cats Callie and Sassy and their Black Lab Max never made it out.


Road Construction

Here are the latest road construction reports in the Chippewa Valley, according to the Eau Claire Public Works Department and Wisconsin Department of Transportation: Eau Claire Under construction and closed to ...


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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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