Sharptown, 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
| Sharptown, Maryland News |
Data Center: Sharptown Town Commissioners Government Briefing
Action taken: Approved The Town Commissioners voted in favor of submitting a letter of commitment to borrow a loan of $520,000 from Hebron Savings Bank to repay a U.S. Department of Agriculture Loan that ...
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Fire Ruins Produce Stand, Apartment in Mardela Springs
The blaze, which broke out at the property located on 9552 Riggin Road, was reported by a passerby at 12:21 a.m. It took 51 firefighters from the Mardela Springs, Hebron, Westside, Sharptown, Linkwood-Salem and ...
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Royer Farms fire
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Jimmy Aries Shrader
FRUITLAND -- Jimmy Aries Shrader, 59, of Fruitland died Tuesday, Oct. 14, 2008, at Peninsula Regional Medical Center in Salisbury.
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Lewis details police efforts to Sharptown
The county's head law enforcement officer made an appearance in the municipality to address residents and members of the town's commission about his agency's crime-fighting initiatives.
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Fire guts Wolf Road home
HEBRON - A fire ripped through a Wolf Road home this morning. The fire, which happened at about 10:30 a.m., drew firefighters from Salisbury, Hebron, Mardela Springs, Sharptown, West Side and Delmar.
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Meeting features Mike Lewis
SHARPTOWN -- Mike Lewis, the Sheriff of Wicomico County, is scheduled to address the Sharptown Commissioners and the public about the community climate and safety needs of the town.
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Beach overhaul on hold until spring
SHARPTOWN -- A project that is part of the town's efforts to revitalize Cherry Beach may not begin until next spring, pending state approval on a submitted mitigation plan.
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Police & Fire Report
LAUREL -- A 51-year-old woman died in a house fire Thursday night in Laurel. Belinda A. Carmean was pronounced dead at the scene of the fire at a home in the 31000 block of Mount Pleasant Road.
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Woman dies in Laurel blaze
LAUREL - A woman was killed in a fire last night at a Laurel home, the Delaware State Fire Marshal said.
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Beach revitalization up for discussion
SHARPTOWN -- The Sharptown Town Commissioners will discuss Cherry Beach when it convenes for the second time this month.
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WMDT--DTV Conversion Could Impact Medical Telemetry Devices
The digital conversion may impact healthcare administrators and biomedical engineers.
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Willie G. Wallace
SHARPTOWN -- Willie G. Wallace, 68, of Sharptown died Monday, Aug. 25, 2008, at his home.
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Sharptown carnival remains a magical and tasty tradition
You know when summer is coming to a close when kids do their back-to-school shopping and the last days of the Sharptown Volunteer Firemen's Carnival are almost here.
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Town to approve comprehensive plan
Sharptown Town Council will discuss its Comprehensive Plan at the first of its bimonthly meetings Monday.
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Police & Fire Report
An apartment fire sparked by unattended cooking in the kitchen caused $7,500 in damage, the Delaware State Fire Marshal's Office said.
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LAUREL: Kitchen fire causes $7,500 in damages
LAUREL - An apartment fire sparked by unattended cooking in the kitchen this afternoon caused $7,500 in damages, the Delaware State Fire Marshal's Office said.
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Diners draw the short stick with the disappearance of short joints
Somewhere over the years, a cherished bit of Eastern Shore tradition has been all but lost.
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Town Web site could be decided
SALISBURY -- The Sharptown Town Council will hold the second of its two monthly meetings tonight at Town Hall.
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Town Web site could be decided
SALISBURY -- The Sharptown Town Council will hold the second of its two monthly meetings tonight at Town Hall.
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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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