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Tifton, 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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Tifton, Georgia News
Foundation gives out a Excellencea awards

Twelve teachers representing 10 Tift County public schools were "tapped" Monday as winners of the 18th annual "Excellence in Teaching" awards.


5K in honor of Jake Stewart scheduled for Saturday

The Tifton community honors the late Jake Stewart with Jog for Jake, a fundraiser for Toys for Tots.


Saxby Chambliss visits Tifton

U.S. Sen. Saxby Chambliss, R-Ga., told supporters at a barbecue rally Thursday evening at the Georgia Agrirama that it had never been more important for them to vote than in the Dec.


Tiftarea Academy Christmas musical Thursday

Students from the Tiftarea Academy Music Department rehearse their Christmas musical with music director Becky Rogers.


Hospice holds annual free community lecture

In celebration of National Hospice and Palliative Care Month, Hospice of Tift Area hosted its annual free community lecture at noon Thursday at the UGA Tifton Campus Conference Center entitled, "Seeing the ...


Wheeler endorses Carter for judge -

Ronnie Wheeler announced Tuesday afternoon on the courthouse steps that he is endorsing Joseph Carter for Superior Court Judge of the Tifton Judicial Circuit.


No evidence yet of robbery connection

A pizza delivery man was robbed at gunpoint of cash Friday night, and a man opened the door to his residence Saturday night to a masked robber who stole cash from him.


Rant and Rave for November 12, 2008

"I would like to give a special thanks out to Anthony Dennard and Frederick Slade, that coach the Tifton Eagles basketball program.


New lawyers begin careers

Three new lawyers were sworn into the Tifton Circuit Bar Association Friday by Judge Gary McCorvey.


Reward offered for robbery info

A reward is being offered for information that leads to the arrest and conviction of the person who attempted to rob a local pharmacy of OxyContin earlier this week.


Man charged with theft

A Tifton man was charged Thursday with the theft of $2,000 worth of food from the restaurant where he worked.


Spicer leaves job in Lowndes County --

Jo Ann Spicer, recently a candidate for Tift County Tax Commissioner, has left her job as chief appraiser for Lowndes County, The Valdosta Daily Times reported Wednesday.l Spicer left Friday after giving notice ...


Commission denies taxpayers' requests for adjustments

The Tift County Board of Commissioners Monday denied the request of five taxpayers asking for adjustments of their 2008 tax bills and tabled making a decision on another requesting a tax refund.


Police searching for robbery suspect; schools locked down --

Tift County schools on the north side of town were locked down shortly shortly after 11 a.m. today as police searched for an armed robbery suspect.


Veteransa Day ceremony set for Tuesday

A Veterans' Day ceremony will be held at 11 a.m. Tuesday at the Veterans' Park. The program is aimed at honoring the men and women who serve or have served in the United States' armed forces.


Honors Chorus planned Saturday

Members of the Eighth Street Middle School Choral Department will be participating in the District 2 Middle School Honors Chorus this Saturday, Nov.


Library groundbreaking held Thursday

The Tifton-Tift County Public Library broke ground on its projected 270 day renovation plan Thursday on Love Avenue.


Falcons to honor Johnson

Local volunteer Wayne Johnson will be honored at the Atlanta Falcons game against the Carolina Panthers Nov.


Atlantaa s Mexican Consulate here to help

Eleven staff members of Atlanta's Mexican Consulate working here through Saturday are expected to serve over 1,400 Hispanics who need photo identification cards and passports printed in English.


40 votes separated Carter, Cross in election

Unofficial election results show the four-county race for the seat of judge of the Superior Court of the Tifton Judicial Circuit was the tightest locally with only 40 votes separating the two candidates who ...


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