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Americus, GA Divorce Buyout in Georgia

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 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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Americus, Georgia News
Local Happenings- October 10, 2008

Outdoor Watering Ban: City of Americus residents living north of Lamar Street are allowed to water outside Monday, Wednesday and Saturday while those living south of Lamar Street can water Tuesday, Thursday and ...


Steppin' Out October 10, 2008

Editor's Note: Every Friday a list of local and area upcoming entertainment and cultural events will be published on the Steppin' Out page in the Times-Recorder. To submit information for this listing, please ...


Sumtera s large employers to be honored

The annual Existing Industry and Business Appreciation Fish Fry is an opportunity for the Sumter County community show its appreciation to its major employers.


Wear Pink on Friday

In 2006, a story was told about two women who were breast cancer survivors: Linda Brewer and Beth NeSmith.


The T-R talks

Come on, people! We are not living in Nazi Germany or Panama of the late 1980s. We are living in the 21st century in Americus, Georgia, of the United States of America, a democracy, a government by and for the ...


Company providing 150 jobs could come to Sumter County

Americus-Sumter County Payroll Development Authority Executive Director David Garriga announced at the Authority's monthly meeting Tuesday that another company could announce location to Sumter County within ...


Help the Times-Recorder fight hunger

During the month October, the local community is invited to participate in the "Headlines for Hunger" food drive.


Paint the town pink

Pink ribbons, pink banners, corner exhibits - everywhere you look, you will see pink! Area support groups are teaming up with ZTA and AKA sororities, Sumter Regional Hospital, local businesses, and the media to ...


Sumter County Parks and Recreation receives state honor

Becky Holland/Americus Times-Recorder Darius Harris, Patricia Crawley, Priscilla West, and Tim Estes pose with the Agency of the Year Award outside the Sumter County Parks and Recreation Department the day ...


Area Beat: Oct. 5, 2008

* A juvenile was charged with theft by shoplifting at Winn-Dixie, 1206 Crawford St.


Local Happenings: Oct. 1, 2008

Outdoor Watering Ban: City of Americus residents living north of Lamar Street are allowed to water outside Monday, Wednesday and Saturday while those living south of Lamar Street can water Tuesday, Thursday and ...


Area Beat October 3, 2008

* Eddie C. Harris, 61, of 522 S. Hampton St., Americus is charged with criminal trespass.


Americus going pink Oct. 10

Mayor Barry Blount has declared Oct. 10 as "Paint the Town Pink Day" in Americus, Ga.


Steppin' Out October 3, 2008

Editor's Note: Every Friday a list of local and area upcoming entertainment and cultural events will be published on the Steppin' Out page in the Times-Recorder. To submit information for this listing, please ...


Local Happenings: Oct. 2, 2008

Decision 2008: The Americus-Sumter Performance Learning Center hosts a Decision 2008 Issues Night from 6-8 p.m. today.


Area Beat September 30, 2008

Americus Fire and Emergency Services * Firefighters/first responders answered 13 EMS/medical calls.


Americus police charge a dozen people in a deadly fight

Americus Police have issued 21 criminal arrest warrants for 12 suspects involved in a fight that lead to a man's stabbing death.


Haunted Americus Georgia

Many people may not think much about a small town in the middle of nowhere. Some may not have even heard of it.


Warrants issued for an additional 12 in Elk's stabbing

Criminal warrants have been issued for an additional 12 individuals, in connection with the Elk's Club stabbing that occurred Sept.


Area beat September 23, 2008

Highway 30 West. * Firefighters responded to eight calls for medical attention. * Firefighters responded to a passenger vehicle fire on Allmon Drive.


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