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Attapulgus, 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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Attapulgus, Georgia News
Two arrested for prostitution

Two women were arrested last week by the Decatur County Sheriff's Office for the solicitation of prostitution.


Manhunt takes place Sunday night

Numerous law enforcement officers worked late into the night Sunday and early morning hours Monday searching for a man that fled from his vehicle on foot after attempting to run a woman off the road with his ...


2007 undercover drug operation arrest made

Bainbridge Public Safety arrested a Bainbridge man Tuesday for selling drugs in 2007.


County continues repairing storm damage

After closing more than 20 roads in the aftermath of Tropical Storm Fay, the Decatur County Road Department is preparing to re-open the last few that remain closed.


Voters to decide SPLOST

People who play tennis at the Bainbridge tennis center or go fishing at the Silver Lake Wildlife Management Area may not realize their experience was made possible using SPLOST, a special one-cent sales and use ...


Rain from Fay

Rain from Tropical Storm Fay brought much needed moisture to Georgia August 22-26. According to the University of Georgia Automated Environmental Monitoring Network, many places got more than 10 inches of rain ...


Flood warning issued after Fay wreaks havoc

The aftermath of Tropical Storm Fay isn't quite over with yet, as officials are now warning of the imminent flooding of Spring Creek and the potential for flooding on the Flint River.


Two killed in Monday evening crash

CLIMAX VOLUNTEER FIREFIGHTERS cover the scene of a car accident where a Climax man and a Havana, Fla., woman were killed.


Two killed in Monday evening crash

A man and woman whose identities were not yet released were killed in a car wreck near Attapulgus on Hwy.


LARP list approved

Sections of three roads in Grady County have a chance to be repaved in 2009 utilizing a Georgia Department of Transportation program.


Storm causes fire, power outage

Bainbridge Public Safety officers and Sheriff's deputies were kept busy Wednesday evening after a severe thunderstorm rolled through Bainbridge and northeastern Decatur County.


Eating Clays and Other Soils

Pregnant women can eat some unusual things to satisfy their urges . There are multiple terms that can be used to describe this phenomenon.


Jim Martin and Vernon Jones hope to catch Obama's wave in Georgia's Senate race

HEATING UP: Vernon Jones and Jim Martin are the two frontrunners in the Democratic primary for the Senate seat held by Republican Saxby Chambliss.


Two houses burned to ground

FIREFIGHTERS FROM FIVE Decatur County cities responded to the fire at the home of Iris Jennings at 165 Wendell-Harper Road near Climax.


Church News

Vacation Bible School information * Attapulgus Baptist Church- The church will begin Vacation Bible School Sunday and it will continue through Friday, May 30, at 6 p.m. each day.


Peach field day

See the latest, best to grow in the Southeast. Peaches come in many varieties. Anyone who wants to see the latest and best to grow in the Southeast should go to the Florida-Georgia Twilight Peach Field Day May ... via Georgia Faces


Smith: What's in a name? Quite a bit

"This will make five. We are going to have a basketball team."

Since learning how the Ohio town of Ashtabula got its name, I have always been fascinated by towns with unusual names. via Athens Banner-Herald


Two Schools Will Officially Close In Decatur County

"I've loved the kids, I've loved the facilities here I've loved the people I've worked with the principals the para-pros, all the staff has just been great, I've always felt this was family"

The Decatur County School Board voted Thursday night to shut the doors to both West Bainbridge Middle and Lillian E. Williams Elementary Schools. via WCTV Tallahassee


Record rainfall deluges area

Torrential rainfall caused widespread flash flooding in Decatur County and the surrounding area on Friday, causing traffic problems, downing large trees and isolating some residential areas. via The Post-Searchlight


BOE questioned on closing LEW

"She asked that we supply her by Feb. 29 with certain information that she thought would be necessary for the Justice Department to have in order to look closely at our reconfiguration plans"

Everyone at the Decatur County Board of Education hearing Tuesday evening on grade reorganization in all the schools seemed to act as if the reorganization committee's recommendations for the future had already ... via The Post-Searchlight


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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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