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Alma, 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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Alma, Georgia News
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A drug sweep last week led to the arrests of five people in Bacon County, including three allegedly part of a methamphetamine ring.

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Violet Grace Ramey Wade

Violet Grace Ramey Wade, 84, died Monday, May 19, 2008, at the Medical Center of Central Georgia in Macon.

A Punch in the Nose

Mexico's margarita has had more than its share of the sun north the border, and Cuba's mojito has been the people's default summertime drink for long enough. via Philadelphia Weekly

PETA Urges Bacon County to Ban Bullhooks, Electric Prods as Alma Prepares to Host Circus

"Bullhooks are cruel weapons of the circus trade that are routinely used to beat elephants into submission"

This morning, PETA sent a letter to the Bacon County Commission urging it to enact legislation that would ban the use of bullhooks, electric prods, and other devices commonly used to inflict pain on elephants. via People for the Ethical Treatment of A...

Alma civic leader to speak at Men's Day

The men of Friendship Baptist Church will have its 2008 Men's Day at 11 a.m. on Sunday, March 30, at the church, located at 421 Sixth St. via The Observer

Judicial nominating commission recommends applicants

Submitted by the Office of the Governor ATLANTA - Governor Sonny Perdue's Judicial Nominating Commission has submitted recommendations to fill the vacancies on the Superior Court of the Waycross Judicial ... via Daily Citizen

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