Norwood, 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
| Norwood, North Carolina News |
Wallace, Bridges elected to Superior Court
Newly elected Superior Court Judge Tayna Wallace and Judge Kevin Bridges found themselves on the winning side of the election process Tuesday, after poll results were reported.
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Religious Notes
Published: Saturday, November 1, 2008 at 9:00 a.m. Last Modified: Friday, October 31, 2008 at 10:10 p.m. The Religious Notes column is published every Saturday to highlight special events.
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Edwards, Davis united in marriage
Jessica Anne Edwards and William Rogers Davis, both of Rockingham, were united in marriage Oct.
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North Carolina
The attorney for a Georgia grandmother accused of trying to hire someone to kill one of her five dead husbands in North Carolina said he doesn't expect a trial to begin until 2009.
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Murder charged in 9-year-old's death
An Ansonville man has been charged with first-degree murder in the shooting death of 9-year-old Jamoire Hall in Norwood Oct.
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Shooter arrested in 9-year-old's death
The man accused of killing a 9-year-old boy at a church fundraiser has been arrested.
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North Gaston High to hold first homecoming parade in 30+ years
It's been at least 30 years since a homecoming high school parade lined up in downtown Dallas.
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Arrest made in 9-year-old's shooting death
Stanly County authorities have charged an Ansonville man in connection with the shooting death of a 9-year-old boy Sunday at a church fundraiser.
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Nine-year-old dies in Stanly County shooting
A 9-year-old boy died after he was hit in the head by a stray bullet at a church fundraiser, Stanly County authorities said.
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Shankle talks Vols and who's visiting this weekend
Norwood, North Carolina defensive back Terry Shankle was in Knoxville over the weekend as an official visitor and for the 5-10, 170 pound four star corner, the Vols remain high on his list.
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ACTION 9: Family Upset With Road Repair Work
A family in Norwood has been in a dispute with the state DOT over the road in front of their house.
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Edwards, Davis to wed
Dale and Anne Edwards announce the engagement and approaching marriage of their daughter, Jessica Anne Edwards, to William Rogers Davis, both of Rockingham.
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Edwards, Davis to wed
Dale and Anne Edwards announce the engagement and approaching marriage of their daughter, Jessica Anne Edwards, to William Rogers Davis, both of Rockingham.
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On location with Kat Netzler
Check in on Friday, July 11 for coverage of the day's dressage and cross-country action, and stay tuned throughout Saturday as the short-listed riders trot up with team veterinarian Brendan Furlong and complete ...
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Ex-cop: Police were warned of husband's killing
CHARLOTTE, N.C. - A man walked into the Stanly County sheriff's office with a wild tale: A woman had just offered him money to kill her husband.
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Did police ignore warning?
Police may have ignored a warning years ago that a woman with five dead spouses was trying to hire a hit man to kill one of the men, investigators in North Carolina said Monday.
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Woman arrested in cold case has other dead spouses
For two decades, Al Gentry begged investigators to take another look at the mystery of who killed his brother, Harold, and left his gunshot-ridden body sprawled on the floor of the home he shared with his wife.
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Murder-For-Hire Suspect Back In North Carolina
A 76-year-old Augusta woman charged with murder-for-hire in the death of her husband was returned to Stanly County, North Carolina Friday morning to face that charge.
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Family's plea led to murder-for-hire arrest
The pleas of a murdered man's brother led authorities to re-open an investigation which had been closed for 20 years, Stanly County Sheriff Rick Burris said Monday.
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Roush to wed Norwood
Amy Norwood and Donald Roush Mr. and Mrs. Michael L. Norwood of Chapel Hill announce the engagement of their daughter Amy to Donald Irwin Roush of Raleigh, son of Donald and Marilyn Roush of Chapel Hill.
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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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