Gainesville, 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
| Gainesville, Georgia News |
Former Gainesville city manager was accused of sexual harassment
Former Gainesville City Manager Bryan Shuler was placed on administrative leave three days before he resigned while officials investigated anonymous allegations of sexual harassment, city records show.
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N. Georgia Youth Minister Found Shot Dead
CLEVELAND, Ga. -- Two people are in the White County jail in connection with the death of a northeast Georgia church youth minister who was found dead early Monday, hours after he called his family to say he ...
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GBI confirms two people in custody in minister's death
Two people are in custody in the White County jail in connection with the death of a Clermont minister who may have been killed because he offered to help them.
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Gainesville woman robbed by screwdriver-wielding men
A 19-year-old Gainesville woman was robbed on Aviation Boulevard this morning by three men with a screwdriver, according to Gainesville Police.
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Gainesville City Council: Annexing - islands' off the table
Gainesville officials say they won't be mentioning the words "island annexation" any time soon.
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Colder weather most often ushers in fire season
Every year when the mercury dips, the calls to Gainesville and Hall County fire stations go up.
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Claim your check from Gainesville public utilities, else it goes to the state
Get your money now or the state will. Gainesville's Public Utilities Department currently has about 280 checks waiting for customers who overpaid or never received their deposits, said Tina Wetherford, finance ...
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Gainesville rolls on, whips Cartersville 42-28
Gainesville's defense held Cartersville to seven points in the second half, leading the fourth-ranked Red Elephants to a 42-28 win on Friday in the second round of the Class AAA state playoffs at City Park.
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Maverick Dem Miller boosts Chambliss for runoff
GAINESVILLE, Ga. - Georgia's maverick Democrat Zell Miller threw his support behind Sen.
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Gainesville residents named as journalism fellows at UGA
Four Gainesville residents who have had a prominent role in journalism were named Thursday night as inaugural members of the Grady Fellowship of the Henry W. Grady College of Journalism and Mass Communications ...
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Lawrenceville cop charged with DUI
A DUI charge has led to the firing of a veteran Lawrenceville police detective. According to Gainesville Police, Stuart Gaines was charged with driving under the influence of alcohol following a wreck in his ...
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Gainesville Church offers 'Harvest of Hope'
Around 150 members of Riverbend Baptist Church set up their 'Harvest of Hopea Sunday at Riverside Military Academy and pitched in to help people combat hard times.
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Gainesville traveling trouple tours north Ga.
The five-member Gainesville Theatre Alliance Repertory Company tours north Georgia in a van filled with costumes and props for five months.
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70 year old Gainesville tradition continues
A 70 year tradition continued Saturday in Gainesville; the name has changed but not community commitment according to the new owner at one of the citya s best-known African American funeral homes.
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Army wife accused in arson that killed her 2 kids
Army wife accused in arson that killed her 2 kids November 22, 2008 04:17 EST GAINESVILLE, Ga.
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Remembering JFK's death
Nov. 22, 1963, started off like any other fall day for Bimbo Brewer. For the University of Georgia freshman, it meant another day of classes.
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More opposition to proposed Gainesville annexations
" More than 550 properties in unincorporated Hall County are up for annexation into the city of Gainesville.
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Gainesville to drop controversial annexation plan
Gainesville city leaders have dropped - for now - a controversial plan to annex islands of unincorporated Hall County into the city limits.
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Christmas season comes alive in downtown Gainesville
Downtown Gainesville will come alive with the sights and sounds of Christmas Thursday night.
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Gainesville woman charged with arson in military base fire
A Gainesville woman has been charged in connection with an arson fire at a military base in Kentucky that claimed the lives of her two young children.
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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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