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Alapaha, GA Divorce Buyout in Georgia

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 Georgia, 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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Alapaha, Georgia News
Ex-Clinch judge fights conviction

Defense lawyers in the federal case against a former South Georgia magistrate judge have fought back against their client's July 14 conviction for perjury and false statements by filing a motion that alleges, ...


c_7/25/2008

By RACHEL JOHNSON Staff writer As a pig bomb spreads across America, one Aiken man is being called on for his expertise.


Judge Peterson guilty of perjury, false statement

A suspended south Georgia judge will now be removed from the bench after being found guilty on federal charges.


Governor appoints attorney to fill Alapaha vacancy

Gov. Sonny Perdue has appointed attorney Howard McClaine of Adel to fill the vacancy created by the resignation of Judge Brooks Blitch of the Superior Court of the Alapaha Judicial Circuit.


Perdue lambasts 'abuses' in S. Georgia judicial circuit

Georgia Gov. Sonny Perdue issued a blistering criticism of a South Georgia judicial circuit Wednesday in naming a new judge to take the place of one pushed to resign last month.


Whatever happened to 'Legend of Hogzilla' movie?

Bill Coursey, known for killing the Son of Hogzilla, is as curious as anyone to know what happened to the movie "The Legend of Hogzilla" which held casting calls at the Tift Theater last summer.


A week of election qualifying for nonpartisan races begins Monday.

A handful of state and local offices not subject to the two-party system venture into election-year qualifying this week, and a few new faces are guaranteed in several area races.


Cordele chief public defender indicted

The Cordele chief public defender has been indicted in federal court on charges of making false statements and obstruction of justice, according to the U.S. Attorney's Office.


Lanier Sheriff Candidate and three South GA lawyers indicted

Homerville - The shakedown continues in the Alapaha Judicial Circuit. Three lawyers and a sheriff's candidate are now indicted.


Brooks E. Blitch makes an early exit

Though set to vacate his seat on June 30, Superior Court Judge Brooks E. Blitch decided to leave his position as chief judge of the Alapaha Judicial Circuit two weeks ahead of schedule.


Teen killed in Alapaha crash

An Alapaha teen was killed after he lost control of his car in the rain. State Troopers say 17-year-old Martin Gonzalez was driving on Highway 129 just North of Alapaha Saturday evening.


Deputies investigate Alapaha drowning

Atkinson and Berrien County deputies are investigating a drowning in the Alapaha River.


Judged fairly, pay packages cost us dearly

The president of the State Bar of Georgia, Gerald M. Edenfield of Statesboro, writes to express the extreme disappointment of lawyers that Gov.


Eight vying for Clinch judge seats

Eight attorneys are vying for two judicial positions about to be open in the Alapaha Circuit.


'To Catch a Predator'

A Berrien County man convicted of attempting to entice a child for indecent purposes and attempted child molestation, after he was caught on Dateline NBC's To Catch a Predator, via the Internet, has filed a ...


Committee looks to fill Clinch County Judge positions

Governor Sonny Perdue is searching for candidates to fill the unexpired terms of two south Georgia Judges. via WALB-TV Albany


Police reports for May 14, 2008

Luci Castillo, 23, 221 Belmont Ave., was charged Tuesday with driving without a license, brake light and turn signal violations and defective equipment . via Tifton Gazette


Sandhills inventory documents unique habitat, rare species

A survey of an unusual Coastal Plain habitat in Georgia will provide new information about rare species such as the gopher tortoise, Georgia's state reptile. via The Coastal Courier


Alapaha manhunt ends with two arrests

"He got out to make contact with the driver and the driver put the vehicle in reverse and reversed the vehicle in a reckless manner trying to run over the deputy. The deputy fired two shots to disable the vehicle"

A Newton man is behind bars after leading Berrien County law enforcers on a five hour manhunt. via WALB-TV Albany


SPLOST at work in Berrien

"People talk about wanting change; well we realized that three years ago. Citizens expect a level of service and we are trying to take that to a higher level."

Today, Berrien County operates out of five different buildings scattered throughout the downtown area. via Valdosta Daily Times


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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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