Elm City, NC Divorce Buyout in North Carolina
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 North Carolina, 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 NC
| Elm City, North Carolina News |
Call goes out to community to assist tornado victims
Missy Todd has made her way into her office at Wilson-Nash Properties every day this week passing by the destruction caused by Saturday's EF-3 tornado in Elm City.
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Elm City man sentenced in animal cruelty case
An Elm City man was sentenced in Wilson County Superior Court Tuesday on animal cruelty charges.
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Death in the darkness
North Carolinians understand that November can bring scary weather -- killer tornadoes that strike in the dead of night.
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Deadly tornado destroyed 16 homes
Authorities think a single tornado hop-scotching through northern Johnston and southwestern Wilson counties was responsible for the middle-of-the night destruction of 16 homes and deaths of two people, Gov.
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Board approves redistricting
The Wilson County Board of Education voted Monday night not to change the high school attendance zones, but did approve new boundaries for the elementary and middle schools.
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Friends, family mourn 2 killed by tornadoes
Residents are picking up the pieces after tornadoes cut a path of destruction through several area counties.
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Tornado recovery brings out volunteers
A day after five tornados tore through Wilson and Johnston counties -- leaving a path of destruction that killed two and damaged dozens of homes -- friends, relatives and local groups came out in droves Sunday ...
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Wilson, Elm City, Kenly, Lucama hit by tornadoes; two killed
Powerful storms that produced at least one tornado killed two people in the Wilson area early Saturday morning.
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Deadly tornadoes kill two in NC
At least two people were killed and many more were injured in eastern North Carolina early Saturday when tornadoes touched down.
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Tornadoes leave two people dead
" The Department of Crime Control and Public Safety said crews found a woman dead early Saturday morning in the wreckage of her Johnston County home.
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Ten-year-old boy killed when tornado hits house
A 10-year-old boy lost his life and his grandparents were injured when a tornado caused heavy devastation on London Church Road early Saturday morning.
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Tornado moves through Kenly and Lucama; one killed, extensive damage done; some injuries
This mobile home on Newsome Mill Road near Southern National Speedway appeared to have rolled several times before coming to rest in the ditch next to the road.
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Tornado Damages Homes In Central NC
A possible tornado moved through central North Carolina early Saturday morning, damaging homes and leaving a trail of debris.
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Correction: Wednesday, Nov. 12
This article is a correction. You may view the corrected article here . The online extra "Same-sex couple married in Elm City" incorrectly stated the margin by which Connecticut Question 1 - the ballot ...
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Q&A: Scully talks Rudolph, art history
At the ceremony celebrating the renaming of Paul Rudolph Hall on Saturday, three University benefactors spoke about sitting in the classroom of Professor Vincent Scully a TM40 GRD a TM49, calling it a ...
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Bunn-Stone
Jill Rebecca Stone of Raleigh and Guthrie Davis Bunn of Austin, Texas exchanged wedding vows Oct.
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ESC facing cuts as it sees more people
Deborah Sutton of Black Creek is one of many people struggling in the current economy and trying to get help through the swamped Employment Security Commission offices.
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Teen has sentence delayed so he can serve in Iraq
A Wilson teenager who was charged with involuntary manslaughter after an automobile accident on Christmas Eve 2007, will not have his case resolved until he returns from active duty in Iraq.
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Republican named to Democracy Fund board
City newcomer Gregory Davis, cousin of Alderman Roland Lemar, D-9, has been appointed to the Democracy Fund board as its sole Republican member.
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Cyclist crackdown irks some riders
A controversial crackdown on bicyclists is reportedly underway in the Elm City. Bicyclists are concerned the police are enforcing rules arbitrarily, but police assure folks that they're really targeting armed ...
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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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