Stockton, 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
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Georgia's Water Crisis
"I don't want to have to pay an extra 15 percent just because I'm conserving. It seems unfair." Because of the drought, people have been using - - and paying for - - less water. via Atlanta Journal-Constitution
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Around the county
The Broncos defeated Snellville rival South Gwinnett 11-5. Pitcher Alex Beebe got the win for Brookwood . via Atlanta Journal-Constitution
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Corps overtaps Lanier
In what can only be viewed as a mea culpa for allowing metro Atlanta's main water source to sink to a record low, the federal government on Tuesday proposed changing operations at Lake Lanier and four other ... via Atlanta Journal-Constitution
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4 homes and a boat
"It was an ugly lot until I put the waterfall in" Some metro homeowners are getting a little personal this spring. The slate of annual home and garden tours in the northern suburbs and beyond offers a glimpse into interiors of all sizes and exteriors that have ... via Atlanta Journal-Constitution
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Dogs with curly tails, cute smiles get awards at annual Stray Dog Strut
"This is to help raise awareness of the plight of pet overpopulation, stray and unwanted pets, the need to spay or neuter and the need to find homes for and take care of companion pets" By Bianca Bruno bbruno@gainesvilletimes.com More than 150 pooches strutted their stuff Sunday afternoon for The Humane Society of Hall County's 17th annual Stray Dog Strut. via The Times
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Corps Proposes New Water Plan
"But I think it is a positive development that we're moving forward." The Corps of Engineers on Tuesday proposed a new southeastern water-sharing plan that would allow greater storage in upstream lakes and lower river flows into Florida's Apalachicola Bay - a move that the corps ... via WXIA-TV Atlanta
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Mohawk's closing follows the trend as manufacturing jobs decline in Georgia
"When you go back 20 years, Georgia had a greater percentage of its employment in manufacturing than the national average. Now, they're pretty well close to even." By Harris Blackwood hblackwood@gainesvilletimes.com This week's announcement that Mohawk Industries was laying off 366 workers in Dahlonega follows a trend of a decline in manufacturing jobs that has been ... via The Times
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Georgia DOT Will Meet to Discuss Contracts It Can't Fulfill
State Department of Transportation officials will meet Thursday to discuss a major financial shortfall. via MyFOX Atlanta
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Pesticide suspected in cattle deaths
A poison used in pesticides is suspected of killing more than 40 head of cattle earlier this week on a farm along the Lanier-Clinch county lines, according to authorities. via The Observer
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Make-A-Wish Foundation to hold volunteer training session April 24
The Make-A-Wish Foundation of Georgia and Alabama will hold a volunteer training and orientation session in Gainesville on Thursday, April 24, from 6-9 p.m. The event will take place at the Northeast Georgia ... via WDUN-AM Gainesville
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Barrow medical center suing to keep new hospital out
"That amendment was simply a change ... based on a ... calculation that showed the immense need for beds in that specific location, reaffirming (Northeast Georgia Health System's) position that the greater Braselton area needs this hospital" Story updated at 11:41 PM on Tuesday, April 1, 2008 The Northeast Georgia Medical Center and Barrow Regional Medical Center have been battling quietly for the region's insured hospital patients for more than a ... via Athens Banner-Herald
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Basin Group Wants Out
"We felt like it hadn't been considered in the past." Like Commerce, Basin Group Wants Out Of Drought Plan With two out of three of its indicators showing the drought in decline, the Upper Oconee River Basin Water Authority has joined other local jurisdictions in ... via Jackson Herald
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Lanier Tech's Vandiver honored by State House
Russell Vandiver, vice president of economic development at Lanier Technical College, has been recognized by the State House of Representatives for his outstanding service. via WDUN-AM Gainesville
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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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