Wellford, SC Divorce Buyout in South 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 South 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 SC
| Wellford, South Carolina News |
High crime rate nothing new in Beaufort ...
A rash of recent shootings suggests a spike in local crime, though violent crime in Beaufort has been high for decades compared to the rest of the state.
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Vehicle runs over Wellford officer's foot at end of pursuit
LYMAN - Wellford police officer Kevin Vernon's foot was run over by a rolling 1999 Chevrolet SUV as he tried to remove its driver whom he was pursuing at 11:50 Monday night, according to state Highway Patrol ...
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Police: Man Steals Bear, Uses it for Sideshow Scam
A South Carolina man is in jail after authorities say he stole a bear cub from an animal park in Wellford in the Upstate, and then charged people a dollar each to pet it.
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SC bear back at animal refuge after 'cubnapping'
Eds: APNewsNow. AP Photo SCSPA104, SCSPA102 WELLFORD, S.C. A stolen bear cub is back with his brother at a South Carolina animal park after being snatched and put on display at a truck stop.
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Deputies: Blacksburg man nabbed bear cub, charged $1 to pet the animal at truck stop
The theft of a black bear cub from Hollywild Animal Park has led to the jailing of a Blacksburg man.
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Officers arrest men on solicitation charge
The Greer Police Department has charged nine area men after they were arrested in a prostitution sting.
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Officers arrest men on solicitation charge
The Greer Police Department has charged nine area men after they were arrested in a prostitution sting.
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Drought leads to voluntary water cutbacks
Greer resident Torry Bowens likes to wash his car as often as once a week, but he has no problem cutting back in light of the drought.
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Two indicted on pollution charge6/28/2008
Lyman couple indicted on pollution charge Eds: APNewsNow. SPARTANBURG, S.C. -- A Lyman couple has been indicted on pollution charges for a spill of hazardous chemicals on a dozen miles of Spartanburg County ...
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Lyman Couple Indicted in Spill
The Lyman couple accused of dumping toxic chemicals on nearly 13 miles of Spartanburg County roads has been indicted.
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Concert, Idol event bring crowd to Trade Street
The stadium chairs stacked up early on Trade Street as people rolled in for the summer's first Tunes on Trade concert and Greer Idol competition.
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Columbia police make major shoplifting arrests
Three people were caught shoplifting at a Columbia mall department store. An off-duty Columbia police officer was working at the Dillard's at Columbiana Mall when he said he saw the three suspects enter the ...
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Greer wine festival's essence a blend of charity, varietals
The rain did little to douse the spirits of the hundreds of Make-A-Wish supporters who sipped various wines and sampled chef-prepared dishes during Saturday's Cazbah International Wine Festival.
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EPA Washes Chemicals Off Lyman Residents' Cars
Toxic chemicals from a spill earlier this week are still around for residents of the Lyman area.
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District 5 presents 'Friend' award
On May 19, the District Five Board of Trustees and administration presented their first "Friend of Five" award.
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Spill fouling vehicles
Order a reprint David Reed, left, and Robert Duncan, with the South Carolina Department of Health and Environmental Control, take readings from a chemical spill along Waspnest Road Thursday morning in Wellford ...
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Leave dangerous waste alone, officials warn residents
For now, officials are acting on the assumption that electroplating waste dumped on rural roads contained a toxic form of chromium, although they won't know for sure until tests are completed.
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Principal Tim Henson wants students to have a voice in school
Tim Henson believes that all children, no matter how young, should have a voice in their schools.
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Annexations take Greer to Reidville corner
"I would expect this to continue to be a high growth area" Requests to annex eight properties into Greer would bring sewer service to a proposed shopping center at South State 101 and Reidville Road and would make it possible for the center to be annexed by the city. via GreenvilleOnline.com
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Police Blotter
A 38-year-old Spartanburg woman told police she was robbed of her purse shortly before 10 a.m. Monday near the intersection of North Fairview Avenue and East Main Street. via Spartanburg Herald-Journal
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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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