Accokeek, MD Divorce Buyout in Maryland
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Maryland, 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 MD
| Accokeek, Maryland News |
Idol acts at camp fundraiser
Camp Merrick Idol has the lineup for its Sept. 19 fundraiser. After auditions held earlier this year, eight finalists will be performing at the camp's contest.
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Hot tickets
Casino Night will be held at 7 p.m. Aug. 24 at the Southern Maryland Sailing Association, 14490 Solomons Island Road, Solomons.
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Foreclosures drop in Md.; Charles still is a housing market - hot spot'
Call Maryland's HOPE hot line at 877-462-7555 or go to www.mdhope.org for details on state-subsidized home refinance programs.
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The bigger picture
Last month, the Prince George's County sheriff's department broke open the front door of the Berwyn Heights mayor, shooting and killing his two dogs as part of a drug raid - only to announce that the mayor and ...
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Hundreds enjoy 162nd year of homey hospitality
May Howard, left, and Elsie Richards enjoy the food and live music under shade trees during the 162nd annual festival at Christ Church, Durham Parish in Ironsides on Saturday.
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Prince George County Police Have a History of Violence
In Hudson v. Michigan , Justice Antonin Scalia wrote: "[M]odern police forces are staffed with professionals; it is not credible to assert that internal discipline, which can limit successful careers, will not ...
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Deadly Drag Race
For the past two weeks, I've been able to get an inside look at the details surrounding that deadly drag race in Accokeek back in February.
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View the whole story
Circuit Court Judge William Missouri set $200,000 bail for Darren Jamar Bullock, 20 and $120,000 bail for Tavon Taylor, 18, Monday following their July 29 indictment on 10 counts in the case of a Feb.
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Men Charged In Street Racing Deaths Granted Bond
A Circuit Court judge has granted bond for two men charged in a February crash that killed eight people in southern Maryland.
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ABC 7 News - Trial Begins for Two Alleged Street Racers
Friends and family of 21-year-old Darren Bullock and 18-year-old Tavon Taylor spilled out of the Prince George's County courthouse today after a judge set bond for the two men at $200,000 $120,000, ...
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EXCLUSIVE: Street Racing Survivors Speak
ACCOKEEK, Md. Joe Lofty and his 13-year-old son Jo-Jo were among at least 100 spectators along Route 210 to watch a street race.
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Street Racing Accident Spurs A Nightmarish Recovery
Gregory Johnson Jr., 16, the youngest victim of the Accokeek street racing accident.
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Mom Reacts To Accokeek Indictment
The mother of one of the victims of the Accokeek street racing tragedy speaks out about her loss.
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Prosecutor surprised at street racing's popularity
Before the Feb. 16 illegal street racing crash on Indian Head Highway in Accokeek, Prince George's County State's Attorney Glenn Ivey said he hadn't been aware of how popular the illegal races are.
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Two charged with manslaughter in street racing deaths
Two Waldorf men were charged Tuesday with manslaughter and reckless driving for their part in an illegal street race that led to the deaths of eight people in February in Accokeek.
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2 Indicted In Street Racing Deaths
Two men were indicted in the deaths of eight people who had gathered to watch an illegal street race in southern Prince George's County.
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1. It's unclear who might be charged in street racing deaths, sources days
Jul 28, 2008 12:00 AM by Freeman Klopott , The Examiner 10 hrs ago: It's unclear who might be charged in street racing deaths, sources days 1 day ago: Kent police say 80 arrested om street racing bust Family ...
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Indictments
A Charles County grand jury has issued the following indictments: Dion Lamont Johnson, 38, of Waldorf was charged with possession of narcotics with intent to distribute, drug possession and making a false ...
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Meet the ultimate 'proud cheapskate'
The burgeoning cheap-pride movement began on a back road in Accokeek, Md., with a goof named Jeff Yeager, who retired from Washington nonprofit work several years ago and answered the cosmic calling to be the ...
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Food pantry struggles to continue giving
For Brandywine resident Dawn Bowling and many others, Community Support Systems Inc.
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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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