Princess Anne, 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 divorce buyout in the state of MD
| Princess Anne, Maryland News |
Funding cut may scale back school renovation
PRINCESS ANNE -- Somerset County school officials will likely be forced to scale back a planned renovation of Washington High School after learning that funding is being slashed statewide.
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Special Worship Services
Cannon Mennonite Church Bridgeville The Ninety & Nine invite all women and men to their annual Christmas dinner/meeting Monday at 6:30 p.m., featuring Jerry and Jeannie Jones ministering in song and ...
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Task force looks 'to make a difference' in schools
CRISFIELD -- A group of school officials, police, ministers and other community members concerned about a recent fight at Crisfield High School are working to find solutions to ongoing social issues that start ...
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INMATES: ECI, other Md. prisons participate in holiday programs
Inmates at the Eastern Correctional Institution are building a holiday parade float for the Princess Anne, Pocomoke, Salisbury and Berlin Christmas parades.
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SOMERSET: Three found guilty of illegal oyster dredging
PRINCESS ANNE - Three Somerset County men were found guilty of illegally taking oysters from an oyster sanctuary in Tangier Sound.
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Decision on Somerset library director may soon be made
PRINCESS ANNE -- A new Somerset County Library director could be named as early as this week, nearly six months after former director Renee Croft resigned to take a state job.
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SHOWDOWN: Somerset Sanitary official blasts Princess Anne over water issue
PRINCESS ANNE - The chairman of the Somerset County Sanitary Commission told town officials a proposed phased-in approach to awarding water allocations to developers is "null and void." "The town has been ...
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Marriage licenses, updated 11-20-08
The following marriage licenses were filed in Wicomico County Circuit Court from Nov.
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Little Soup Kitchen: Princess Anne community Thanksgiving dinner is Saturday
The annual Little Soup Kitchen's Thanksgiving dinner for the community is Saturday.
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'Firefly' cubesat to study link between lightning and terrestrial gamma ray flashes
Massive energy releases occur every day in the upper reaches of Earth's atmosphere.
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Janet Anne Tull Esham
FRUITLAND -- Janet Anne Tull Esham, 75, of Fruitland died Saturday, Nov. 15, 2008, at Coastal Hospice at the Lake in Salisbury.
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County sees heavy voter turnout
PRINCESS ANNE -- All day long, Somerset County elections officials reported a heavy turnout at local polls, in spite of grey skies and occassional rain.
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Two fired, charged in theft
Two former employees of the Somerset County Sanitary District will face felony theft charges in a District Court trial set for Dec.
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Man gets 30 years in murder
SALISBURY--A Wicomico County Circuit Court judge sentenced a 44-year-old Princess Anne man to 30 years in jail Thursday for the murder of a city woman last December.
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COURTS: Princess Anne sentenced in murder case
SALISBURY -- A 44-year old Princess Anne man received a 30-year sentence in court on Wednesday for the murder of a Salisbury woman last year.
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Barefoot Baby to host fashion show
PRINCESS ANNE -- Town and gown have come together at Barefoot Baby Boutique where UMES sophomore, Sade Bethea, is an intern.
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Community Remembers Young Girl Who Died in Fire
Family and friends celebrated the life of a 7-year-old girl. 200 mourners gathered at the Anticoch United Methodist Church in Princess Anne to say goodbye to Dejaiya Jones.
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Panel could reshape EMS
PRINCESS ANNE -- Somerset County officials have agreed to take part in a process that could result in a countywide emergency services agency.
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Data Center: Somerset County Commissioners Government Briefing
Action taken: Approved County Commissioners agreed to guarantee interim financing for the Somerset County Sanitary Commission to pay for two new wells and the rehabilitation of five older wells in the Princess ...
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Food left on stove started fatal Shore fire
State fire investigators say food left cooking on a stove started the house fire that killed a 7-year-old girl in Princess Anne last week.
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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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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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