Riverdale, 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
| Riverdale, Georgia News |
Detective recalls how robbery led to slaying
The manager of a Riverdale video store that fronted an illegal gambling operation was shot in the neck after picking up his own gun in self-defense during a brazen Sunday afternoon robbery, a police detective ...
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Clayton schools ethics panel off to rocky start
Clayton County residents Thursday accused the schools ethics commission of being just as dysfunctional as the school board it's supposed to watch after commissioners canceled their first meeting because they ...
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Clayton NAACP: Don't move graves
The Clayton County NAACP and a neighborhood association implored the county Tuesday to not allow 311 historic African-American graves to be dug up and reburied.
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1 arrest in Riverdale High athletes slaying
Atlanta police have arrested a man on murder charges in the shooting death of a teenager outside a south Atlanta nightclub last weekend.
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Clayton eyes cuts as enrollment drops
Facing an enrollment drop at Clayton County Schools, the system is considering a hiring freeze, fewer school renovations and other budget cuts, officials said Monday.
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Family of Slain Riverdale Teen Speaks
There has been a steady stream of cars and people coming and going from the Richards' home.
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Permit expected for relocation of Clayton graves
Clayton County is expected to issue a permit for an archaeologist to relocate more than 300 graves from a quarry near the fifth runway at Hartsfield-Jackson Atlanta International Airport.
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Club Shooting Kills Riverdale Teen; Others Injured
A 17-year-old Riverdale teen was fatally shot outside a teen nightclub in southeast Atlanta.
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Maebelle Simmons Manning
Maebelle Simmons Manning Maebelle Simmons a oeAunt Mablea Manning, 84, of Riverdale, Georgia died November 3, 2008.
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Clayton County Pedestrian Hit By 2 Cars, Killed
Police in Clayton County are searching for a driver involved in a deadly hit and run.
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3 arrested in killing of illegal casino owner
Riverdale police have arrested three Atlanta men on charges they robbed an illegal Riverdale casino operating in a video store and killed the owner.
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Riverdale Teen, Suspect Killed in Robbery Attempt
Clayton County police say three people were shot during a robbery attempt that left a teenage girl and a suspect dead.
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Police: Robbery victim kills assailant in Riverdale
A robbery victim returned fire on his assailant, killing him Tuesday night, Clayton County police said.
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Two charged in drive-by killing of Clayton teen
Clayton County police have charged two men in last month's drive-by shooting death of a Riverdale teenager.
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Advance Voting: The Wait
Large crowds and heavy voting has stretched wait times to more than 8 hours, as metro Atlantans look to take advantage of expanded advance voting.
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Bathrooms now open for early voters at Clayton poll
The wait to vote in Clayton County was still a little over three hours at some places Wednesday, but the wait for a bathroom was only a few minutes.
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Knight joins the Braselton Clinic
" The Braselton Clinic recently announced that Vincent Knight, MD, joined the practice on Monday.
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Teen Shot, Killed By AK-47 In Drive-By Shooting
A teenage boy was shot and killed in an apparent random shooting in Clayton County Saturday night.
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Drive-by shooting kills sleeping Atlanta man
Kenneth Waters apparently dozed off on a living room sofa while watching television.
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Teen killed in drive-by shooting in Riverdale
A 16-year-old boy was slain in a drive-by shooting over the weekend in a Clayton County neighborhood.
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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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