Vass, 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
| Vass, North Carolina News |
Bostick State Prison helps needy family
Bostick State Prison staff and officials pose with the Vasser family of Baldwin County after the family received a donation of more than 40 pounds of canned goods and food items for the holidays during a brief ...
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Crains Creek Department Acts to Address Problems
Despite the probationary status of the Crains Creek Fire Department, the residents of the district have fire protection.
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Vass Man Charged With Sex Crimes
Moore County Sheriff's investigators arrested a Vass man on Nov. 14 for a sex offense involving a 14-year-old. John Lindsey Heard, 58, of 267 McKeithan Road was charged with statutory sex offense, sex offense ...
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Pilot Light: Coble to Speak at Ceremony
Congressman Howard Coble will be the keynote speaker for a Friday, Nov. 14, ribbon-cutting ceremony marking completion of the second phase of the East Moore Water District.
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Gun Sales Increase
Fears that the incoming presidential administration could push for stricter gun control laws and increased sales taxes on weapons has led to a surge in gun sales locally.
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Pilot Light: Riverbend Subdivision Makes Progress on Bridge
Environmental impact permits have been approved, clearing the way for the Riverbend Homeowners' Association to award a contract for a temporary bridge over the culvert on Autumn Drive.
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Vass Man Charged With Break-Ins
A Vass man was arrested on various charges related to breaking into a hardware store and a house.
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County Faces Belt-Tightening Budget
No tax rate increase is on the horizon for the county next year, provided county budget makers succeed in developing a belt-tightening budget.
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County Aims to Reduce Expenses
County Manager Cary McSwain has outlined budget reduction strategies aimed at achieving a balanced budget without a tax rate increase next year.
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Cameron Man Faces Several Charges
Moore County Sheriff's Department investigators arrested a Cameron man on several charges related to break-ins. Gerald Dwight Shadomy, 61, of Cameron was arrested Saturday and charged with felony breaking and ...
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Riverbend Grant Try Planned
If Riverbend residents can prove financial need, they may have a chance at landing a federal grant to replace the bridge washed away by a September tropical storm.
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ENDORSES: Our Selections for Court Posts
Candidates for judgeships are like those for the N.C. Council of State, which were the subject of Wednes-day's editorial: Few voters know who they are.
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Two Seek District Judge Post
Two candidates vying to succeed Chief District Court Judge Bill Neely in the Nov.
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There were no injuries in the vehicle collision that slowed traffic on N.C. 421 Monday morning.
There were no injuries in the vehicle collision that slowed traffic on N.C. 421 Monday morning .
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Zoning Change Recommended
A zoning change recommended by the Moore County Planning Board this morning opens the way for a new food processing business in the Skyline community.
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Group to hold Halloween Gala to benefit spay-neuter clinic
Special to the Daily Journal The Companion Animal Clinic Foundation is planning a fundraiser to support the Spay Neuter Clinic of the Sandhills in Vass.
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Moore Stations Running Out of Gas
The gasoline business in Moore County is running on fumes. Some stations are out of gas, and others are running low amid a shortage that is gripping much of the Southeast in the wake of Hurricane Ike.
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USU Alumna Named President-Elect of American Academy of Family Physicians
Lori J. Heim, M.D., FAAFP, a 1986 graduate of the Uniformed Services University of the Health Sciences , has been chosen president-elect of the American Academy of Family Physicians .
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Delegates Choose Lori Heim, M.D., President-elect
The AAFP Congress of Delegates today elected Lori Heim, M.D., of Vass, N.C., to be the Academy's next president-elect. Others elected or chosen by acclamation for the following positions are: Friends and family ...
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Moore County residents want public money for new bridge
Residents in the Riverbend community near Vass have only one way out of their subdivision a portable bridge.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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