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Sumner, 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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Sumner, Georgia News
Investigation continues in death of Worth County man

Detectives are continuing their investigation of the death of a Sumner man found stabbed to death at his residence Monday.


Rant and Raves for November 4

"I want to thank the man in Ty Ty who paid for my gas. I had two dollars and 35 cents when I went in and a man stepped up and made it possible for me to put ten dollars of gas in my truck.


Man found dead in his Sumner home

Investigators are questioning someone right now in connection with a murder in Worth County.


Property transfers for the Oct. 29 edition

The following property transfers were recently recorded in the Colquitt County Clerk of Court office: Victoria Brown of Jasper, Fla.; to Andrew Withem and Misty Withem of Moultrie; property is located at 523 ...


Two more arrests made in burglary case

Two more people arrested makes a total of six charged with the Sept. 23 burglary of Ken's Trading Company.


Your Opinion: Sit a spell at Egg Festival

The Town of Sumner would like to invite everyone for some fun, food and entertainment at our first "Sumner Egg Festival" on Sept.


Officer fired for tasing handcuffed woman

Sunday morning a Worth Sheriff deputy was called to North Main Street in Sumner because of a domestic dispute.


Worth County firefighter trainees test their skills

Worth County firefighter trainees test their skills Car drives thru Albany grocery Albany teen arrested for child molestation ALBANY, GA - Their usually one of the first to a scene.


City meeting short, non-productive

The workshop meeting for the Tifton City Council held Monday afternoon was shorter and less productive than usual.


Worth County firefighter trainees test their skills

Worth County firefighter trainees test their skills Car drives thru Albany grocery Albany teen arrested for child molestation ALBANY, GA - Their usually one of the first to a scene.


More car break-ins, burglaries, gas drive-offs reported

The rash of car break-ins continued through the week with five more incidents reported on Wednesday by the Tifton Police Department and the Tift County Sheriff's Office.


Willis to wed Knox in August

Mr. and Mrs. Stanley Willis of Sumner, Ga., are pleased to announce the engagement of their daughter Rebecca Tyler to Andrew Hall Knox, Jr., son of Mr.


Property transfers for the May 21 edition

The following property transfers were recently recorded in the Colquitt County Clerk of Court office: Wells Fargo Bank, NA of Fort Mill, S.C.; to Secretary of Housing and Urban Development c/o Pemco LTD of ...


Strawter to speak at Union Baptist Church

Union Baptist Church will celebrate its Mission Anniversary Sunday, April 27, at 3 p.m. Music will be provided by the Mt. via Moultrie Observer


Proud Moments: Acworth's Chirlee wins Ing race

Area runners dominated several categories of the ING Georgia Half Marathon in Atlanta. via Atlanta Journal-Constitution


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