MD Divorce Buyout in Maryland
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 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 our divorce buyout page
| Maryland News |
Coast Guard Rescues Poodle From Bay
The U.S. Coast Guard rescued a small black poodle from the Chesapeake Bay Tuesday night, according to the Maryland Gazette.
|
Maryland Police Put Activists' Names On Terror Lists Surveillance's Reach Revealed
The Maryland State Police classified 53 nonviolent activists as terrorists and entered their names and personal information into state and federal databases that track terrorism suspects, the state police chief ...
|
Sales Tax Weakened: Md. comptroller releases September revenue figures
Comptroller Peter Franchot says it will take weeks and possibly months to know the full magnitude of the global economic crisis on Maryland's revenue collections.
|
Police Say Sleeping Driver Caused Fatal Crash
Police say that at around 6:29 p.m. troopers responded to a single-car crash that occurred on eastbound Route 50 just east of Hall Road.
|
ABC 7 News - Two Charged in Prince George's County Mortgage Scheme
A pair of con artists scammed Prince George's County homeowners out of roughly a million dollars, according to a statement from State's Attorney Glenn Ivey.
|
O'Malley finishing up budget cut proposals
The governor and members of his budget office continued working toward putting together roughly $250 million in recommended cuts on Thursday that he said would be painful but have become necessary in Maryland ...
|
Western Maryland wants more spraying for gypsy moths
Concerned with the economic and environmental impacts of gypsy moth infestation, officials from Garrett, Allegany and Frederick counties argued Wednesday that Western Maryland needs to be a top priority for the ...
|
Prosecutor: Death penalty imposed sparingly
Maryland rarely executes prisoners and reserves such punishment for the worst criminals, a prosecutor told a state commission Tuesday.
|
MD--Maryland-Budget Cuts
Gov. Martin O'Malley says more painful budget cuts could be needed later after next week's round of budget cuts, if the economy doesn't pick up.
|
Ex-police chief defends spying
Tim Hutchins, the former superintendent of the state police, listens as current State Police Superintendent Col.
|
OCT. 14 DEADLINE: Md. Dems, GOP push voter registration
ANNAPOLIS - Up to 1 million Maryland residents who are eligible to vote are not registered to do so as the deadline to sign up for the November election creeps closer, Maryland political leaders said Tuesday.
|
Cell-phone sniffing dog to search Florida prisons
At her coming-out party on Tuesday in a prison parking lot, Razor the dog sniffed one wooden box, lunged at and jumped over a second, then smelled a third and promptly sat down next to it.
|
9 Percent of Frederick Detainees Are Suspected Illegal Immigrants
Suspected illegal immigrants accounted for almost one in every 10 people detained by authorities in Frederick County in the past six months, the Frederick News-Post reported.
|
Maryland Insurance Administration orders refunds for premium loan charges
At least nine Maryland premium loan companies charged Maryland Automobile Insurance Fund policyholders more interest than allowed by state law, insurance regulators said Monday.
|
EMTs, doctors to confer on patients in medevac change
Scott Wells, center, of Waldorf, father of Jordan Wells, 18, the lone survivor of the medevac helicopter crash last month, speaks to the media about the recovery of his daughter and his opinion on the state ...
|
MARYLAND: Woman dies after knife attack at Inner Harbor
BALTIMORE - Baltimore police say a 43-year-old woman has died more than a week after she was stabbed at the Inner Harbor.
|
State officials welcome 'Your Money Bus' tour
BALTIMORE - Passersby received free financial advice at the Inner Harbor from members of the "Your Money Bus" tour Friday, while state officials and financial experts decried the country's financial crisis ...
|
'Parade Of Horrible' Coming This Month
The next round of state budget cuts will likely be more apparent to Maryland residents, prompting Governor Martin O'Malley to refer to an upcoming spending board meeting as a "Parade of Horrible." The O'Malley ...
|
ACLU of Maryland seeks to outlaw police spying of peaceful groups
"This spying has an absolutely chilling effect," said Stephanie Gibson of Marylanders Against State Executions.
|
MARYLAND: Former governor defends slots opposition
Former Gov. Robert Ehrlich is defending his opposition to November's slots referendum, despite his record of supporting slots when he was governor.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|