Arabi, 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.
Return to divorce buyout in the state of GA
| Arabi, Georgia News |
Agents seize gambling machines in Arabi
Submitted These four gambling machines were seized from an Arabi store after agents with the Mid-South Narcotics Task Force and deputies from the Crisp County Sheriff's Office served a search warrant that ...
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Sweitzer - Rainey Wedding
Amanda Brooke Rainey and Jeffrey Steven Sweitzer were married at 6 p.m., Saturday, June 14, 2008, at the Lee Council House in Americus.
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Fire destroys barn, contents
Peggy King/Cordele Dispatch W. T. Greene lost a new tractor, a pickup truck and several other pieces of equipment as well as some hay when this barn caught fire Sunday evening.
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Fabulous First Friday tonight
Entertainment for adults and children, food and shopping is available in downtown Tifton from 6 until 9 tonight at the first Fabulous First Friday event.
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Shed Destroyed by Fire
The Crisp County Fire Department responded to a structure fire on Bedgood Road near Arabi yesterday.
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Groundbreaking ceremony held for new courthouse
Dozens attended Thursday's ground-breaking ceremony for the new Crisp County Courthouse.
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T. Graham Brown
T. Graham Brown rose to country stardom through the uniquely Southern phenomenon of beach music, a party-ready mix of old-time rock & roll, R&B, country, and blues. via 95 KSJ
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Area youth enjoy night of music and fellowship
"It is wonderful to see these youngsters with their hands raised in worship and their voices singing praises to the Lord. "In the times we are coming into, it really gives us hope that Christ is working in these young people." Area youth had an opportunity to fellowship together at a Christian rally last week at the Crisp County Middle School. via Cordele Dispatch, Cordele, GA
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Crash injures Arabi woman
An Arabi woman suffered a broken ankle and minor lacerations Saturday morning when striking an equipment trailer with her vehicle. via Cordele Dispatch, Cordele, GA
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Three arrested for distribution and sale of meth
Three Crisp County women were arrested Wednesday in connection with an investigation into the distribution and sale of methamphetamine in the local community. via Cordele Dispatch, Cordele, GA
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Police recover gun stolen 6 years ago
Police officers investigating a report of terroristic threats and acts recovered a handgun that was stolen out of a vehicle here more than six years ago. via Cordele Dispatch, Cordele, GA
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Family loses everything in early morning house fire
"Our [CCFR] response time was good and we were able to knock the fire down pretty quick, but it was just way ahead of us by the time we got there" By CINDY BISHOP cindy.bishop@gaflnews.com ARABI - An elderly Arabi man and his granddaughter were forced out into the cold early Saturday morning after their home caught fire, but luckily neither was injured. via Cordele Dispatch, Cordele, GA
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Georgia DOT announces detour
Ashburn - Georgia DOT announced that Norfolk Southern Railroad has scheduled crews to upgrade the railroad crossing on SR7/US 41 at Milepost 12.35, north of Ashburn in Turner County. via Cordele Dispatch, Cordele, GA
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Elderly couple harmed in home invasion
A jealous boyfriend looking for his estranged girlfriend entered an Arabi residence on Dec. via Cordele Dispatch, Cordele, GA
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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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"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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