High Shoals, 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
| High Shoals, Georgia News |
Around Oconee: Wishbook for tax money
The Oconee County Board of Commissioners will hold a special work session at 5:30 p.m. Thursday in the Grand Jury room of the Oconee County Courthouse, to discuss options for the expansion of wastewater ...
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Tom Brown named High Shoals principal
Rocky Branch Elementary School Principal Tom Brown soon will move into a new position leading the recently completed High Shoals Elementary School, the school system announced.
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Bogart Town Council approves beer, wine carryout sales in as of yet unbuilt Ingles store
I would be remiss not to mention the n ear-unanimous passage of beer and wine package sales in Bogart .
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Death notices
Mary Siveleen Brown, 83, of High Shoals, died Wednesday, October 22, 2008. Bernstein Funeral Home, Athens, has charge of arrangements.
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Group creating vet fund
Danielsville resident Steve Warner was "rich" when he came back from a tour in Vietnam more than 30 years ago, he says.
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Downtown reveler mugged by two men
A man from High Shoals reported he'd been robbed early Thursday after drinking downtown, Athens-Clarke police said.
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Mayors, BOC discuss SPLOST funds
Last Wednesday was the beginning of a new day and a new dollar for four Oconee County towns and the county government.
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Oconee draws a line on development
The map's the thing, Oconee County commissioners told a developer this week, holding a hard line against building in the county's southern half and perhaps setting a precedent for denying future development ...
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Watkinsville Mayor still on target with commentary at most recent meeting
Wednesday, June 11, 2008 Watkinsville Mayor still on target with commentary at most recent meeting I do not agree with every word or utterance out of the mouth of Watkinsville Mayor Jim Luken.
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Oconee County police blotter
"I'm in a hurry. I really need to go." Story updated at 7:38 PM on Tuesday, May 13, 2008 The Oconee County Sheriff's Office reported the following incidents : Arrest: On May 2, deputy Laura Teet was dispatched to Wal-Mart, where security had a woman ... via Athens Banner-Herald
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Starting off the morning right
Wilson Chaffin, center, a 96-year-old resident at Portico Place in High Shoals, leads a morning exercise class for the other residents, including Lois Chambers, left, and Julia Kelly. via Athens Banner-Herald
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Woman dies as SUV crashes on 316
Story updated at 11:06 PM on Sunday, April 20, 2008 An Atlanta woman died in a single-vehicle crash on Georgia Highway 316 early Saturday morning, according to the Athens post of the Georgia State Patrol. via Athens Banner-Herald
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Hospital to accept students
"I think there was an agreement that before we advance to satellite campuses that we need to utilize all of the clinical capacity that is available in the community where the medical school is located" A nearly 200-year-old teaching relationship between University Hospital and the Medical College of Georgia is back on after a brief hiatus. via The Augusta Chronicle
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Rates up 8 percent for incoming freshmen
"The System's tuition strategy supports the board's strategic plan, which calls for us to maintain affordability and access to public higher education" The price of college will go up 8 percent for freshmen entering the state's four-year universities under a plan approved Tuesday by the Board of Regents. via Augusta Chronicle
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Kinsey providing poems for people who don't like poems
"If I had to name a favorite poet, I'd say T.S. Eliot - he's what I call a literary disc jockey. You hear sounds and see pictures from all over the place in his work." Story updated at 6:19 PM on Saturday, April 19, 2008 Darrell Kinsey is not exactly a fan of poetry, but that didn't keep him from creating a book of poems. via Athens Banner-Herald
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Aerial dance to benefit Altamaha
At a lecture in Athens more than five years ago I was introduced to a beautiful woman with whom I had in common a river. via The Coastal Courier
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Guns, goulash among Deen boys' favorites
"You just can't find a more memorable gift for your brother than a dog that can produce the worst gas in the world!" Before they signed books for fans at the Kroger on North Decatur Road in Decatur Tuesday night, Buzz had an opportunity to discuss spaghetti casserole, "homemade" haircuts and BB guns with Jamie and Bobby Deen. via Atlanta Journal-Constitution
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FBI Catches Crown Royal Bandit
"We received information that the guy was actually living in Madison County " The FBI says a suspect known as the Crown Royal Bandit is no longer robbing banks. via WXIA-TV Atlanta
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Brief Cases: Horticulture businesses start up 'Green' chapter
Horticulture businesses start up 'Green' chapter A group of horticulture industry professionals from Northeast Georgia have formed the first localized chapter of the nonprofit Georgia Green Industry ... via Athens Banner-Herald
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Rome editor elected Georgia AP News Council president
Charlotte Atkins, editor of the Rome-News Tribune, became president of the Georgia Associated Press News Council on Saturday. via Athens Banner-Herald
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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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