NC Divorce Buyout in North Carolina
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 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 our divorce buyout page
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Darfur Art exhibit paired with Schwa Show at Greenville's Emerge Gallery through September
Darfur Art exhibit paired with annual Schwa Show at Greenville's Emerge Gallery. Through September, The Emerge Gallery and Arts Center in Greenville will host the exhibition- "15 for Darfur" It can be viewed in the %th street Gallery (AKA the stairwell) while the Schwa show will be hosted in their main gallery space. "15 for Darfur" is composed of 15 works on canvas and a bronze monument that exploit the race killings in Southern Sudan that continue in Darfur. Plaques with eyewitness testimonies hang beside "pop art" depicting everything from rusted cars, to Einstein and coupled with photographs of victims that have been contributed by the actress turned activist, Mia Farrow. The creator of "15 for Darfur", Kilian, is a resident of Columbia NC. He has shown his art exhibit in Coffee shops, used clothing stores, college campus's and now within art Galleries. " I want to bring Darfur to the heart of our communities, Darfur has seen the face of evil, the least we can do is extend them the dignity to be heard" - explains Kilian. " I have purposely composed the exhibit so those that really don't want to digest the reality of Darfur can do so, however, If you look a little closer, watch out, it might just change how you view the world and yourself!" While the exhibit runs through September 28th, Kilian will be preparing to travel to the border of Darfur this late fall to provide humanitarian aid. Kilian's full proceeds of Canvas' sales go directly to relief aid and commissioning of the exhibit's bronze monument will build a hospital is Southern Sudan bordering Darfur. Artist reception on Friday September 5th, 6-9pm for both the Schwa and "15 for Darfur" Emerge Gallery is located at 404 Evans Street in Greenville NC Tuesday-Friday: 10:00am - 9:00 pm Saturday: 10:00am - 4:00pm Sunday: 1:00pm - 4:00pm Online Exhibit at www.kilianstudio.com call Emerge Gallery at (252) 551-6947
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Preps Now Focus On Three Southeastern Counties
North Carolina's preparedness plans for Hanna are now concentrated on three southeastern counties.
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Doctor: Violent shaking caused NC baby's death
A doctor says a North Carolina infant that died in June 2006 had a skull fracture and bleeding in his brain after he was violently shaken.
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Tropical Storm Hanna Kills 137
The death toll from Tropical Storm Hanna has jumped to 137 in Haiti - and residents in the US are bracing themselves for its onslaught as a hurricane.
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Senate Democrats will push bipartisan drilling bill when Congress returns
Democratic leaders in the Senate plan to push a bipartisan energy proposal that would allow for some expansion of offshore drilling when Congress returns next week from a five-week recess.
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Easley Budget Adviser Going To Golden LEAF
Gov. Mike Easley's longtime chief budget adviser is the new president of a foundation that doles out some of North Carolina's tobacco settlement money.
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Hanna's path headed for North Carolina on Saturday
Tropical Storm Hannah is following a track that brings it ashore near the North Carolina-South Carolina border on Saturday morning then shows it marching through Eastern North Carolina.
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Dole calls Hagan 'fibber Kay'; origin of moniker uncertain
Republican Sen. Elizabeth Dole, trying to defend herself from a bevy of Democratic ads attacking her effectiveness, is on the airwaves with a negative spot of her own that depicts her rival as little more than ...
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Air quality alert issued for Triad
RALEIGH For the second day in a row, state air quality officials have issued an ozone alert for parts of North Carolina.
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Pottery feud divides NC town of Seagrove
Craig Kovack shapes a jug at Kovack's Pottery in Seagrove, N.C., Tuesday, July 22, 2008.
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Almost half in U.S. will get knee arthritis: study
WASHINGTON - Nearly half of U.S. adults will develop painful arthritis of the knee, a leading cause of disability, and hospitalizations for the condition are soaring, researchers reported on Wednesday.During ...
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Ike grows to major hurricane, Hanna strengthens
By Joseph Guyler Delva PORT-AU-PRINCE (Reuters) - Hurricane Ike strengthened rapidly into a major Category 3 hurricane in the open Atlantic on Wednesday and Tropical Storm Hanna intensified to a lesser degree as it swirled over the Bahamas toward the southeast U.S. Coast. Hanna's torrential rains had already submerged parts of Haiti, stranding residents on rooftops and prompting President Rene Preval to warn of an "extraordinary catastrophe" to rival a storm that killed more than 3,000 people in the flood-prone Caribbean country four years ago.
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Almost 3,000 Drivers Busted For DWI
North Carolina officials say almost 3,000 motorists were arrested for drunken driving during a two-week law enforcement campaign.
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Drug Reduces Vomiting, Hospital Admissions In Children With Gastroenteritis, Study Finds
Gastroenteritis is an infection, often caused by a virus, that causes vomiting and diarrhea.
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National Weather Service posts rip current warning
The National Weather Service has issued a rip current warning for the North Carolina and Virginia coasts.
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NC air quality officials issue ozone advisory
North Carolina air quality officials have issued an ozone advisory for several areas in the central portion of the state.
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Read the story
North Carolina's Court of Appeals has dismissed all charges against a man serving at least 44 years in prison in connection with a Durham home invasion.
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Republicans, hurting for campaign cash, defend Dole, Sununu in their first TV ads of season
The spots are an indicator of priorities during a tough year for the GOP, with the party lagging in fundraising and resigned to losing seats in the Senate.
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Trans fats linked to pre-cancerous colon growths
NEW YORK (Reuters Health) - A high intake of trans fats could increase colon cancer risk, according to new research published in the American Journal of Epidemiology. People who ate the most trans fatty acids were more likely to have pre-cancerous growths or polyps in their colons than those who consumed the least, Dr. Lisa C. Vinikoor of the University of North Carolina in Chapel Hill and colleagues found. "These results provide further support for recommendations to limit consumption of trans-fatty acids," they conclude.
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Warrants May Be Released In Death Of Cary Mother
A judge could release sealed documents Tuesday in the death of a North Carolina woman whose husband said she disappeared earlier this summer while jogging.
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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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