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Williston, 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.

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Williston, South Carolina News
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A verdict could be reached today in the trial of a Williston man charged in the July 2007 slaying of a Springfield minister.


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Trial begins in pastor's slaying

With a tissue in her hand, a tear trickled down her cheek as Annie McCreary recalled the last time she saw her husband alive.


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Tim Hicks/ Managing Editor With every presidential election, a bit of American history is made - some more than others.


Williston robbery becomes major case

Tim Hicks/ Managing Editor A suspect in the armed robbery of a Williston grocery store now sits in a Richmond County jail awaiting extradition back to Barnwell County to face charges here.


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Williston, SC Grocery Store Robbery Suspect Sought

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Barnwell County fills polling places as Election 2008 unfolds

Record crowds filled polling places in Barnwell County - a common occurrence Nov.


Marie Varker Jordan

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Christine Dunoway, left, Jim Carr, Janice Wakefield, Julia Ravenscroft and Mayor Tommy Rivers officially open the Williston Museum in time for the town's 150th celebration.


District 3 is one of upcoming Nov. 4 decisions: Bolen

Jared Guadagni/ Staff Writer Milledge Bates Bolen Sr. wants to bring a common sense approach to the Barnwell County Council along with some accountability.


George Dunbar Jr. ...

Mr. George Dunbar Jr. entered eternal rest on Monday, Oct. 6, 2008 at Select Specialty Hospital, Augusta, Ga.


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Susan Delk/ Staff Writer As Hurricane Ike was hitting the Texas coast last week, its effects were blowing through Barnwell County in the form of gas prices.


Beaver Creek Baptist Academy teaching kids life skills, conflict resolution

NEESES, S.C. Children from Norway, Springfield, Neeses, Williston, Denmark, Blackville and surrounding communities are receiving positive instead of negative attention through the Beaver Creek Baptist ...


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Williston school teachers and staff join in a cheer Aug. 12 during opening ceremonies for the new school year.


Eirby Reeves Still

Funeral services for Eirby Reeves Still, age 67, will be held at 3 p.m. on Sunday, Aug.


John 'Sport' Robinson

Mr. John Quincy Robinson entered eternal rest on Friday, Aug. 8, 2008. Funeral arrangements are incomplete and will be announced later by Simmons Funeral Home of Williston Inc.


Program winds down with summer

Susan Delk/ Staff Writer Full stomachs equal smiles for children. Barnwell County children have been smiling all summer long thanks to a program provided by the county school systems.


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Tim Hicks/ Managing Editor The Williston school district is moving forward in passing a school bond referendum for school repairs.


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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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