Alcoa, TN Divorce Buyout in Tennessee
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 Tennessee, 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 TN
| Alcoa, Tennessee News |
Alcoa residential recycling surges 39 percent in October
Recycling increased 39 percent in October when the city of Alcoa expanded its residential curbside recycling program.
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Police: Construction worker injured in accident on Old Knoxville Highway
A construction worker was taken to University of Tennessee Medical Center tonight after being hit by a car while crossing Old Knoxville Highway near the Pellissippi Parkway exit.
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Black Friday: shoppers' holiday
Blount County shoppers shrugged off fear for the economy and cast their votes for cheer on Black Friday, the traditional start of the Christmas shopping season.
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Police: Comfort Suites robbery an inside job
The call came out late Nov. 17 that an armed man entered the Comfort Suites in Alcoa, put a gun to a clerk's head and demanded money.
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Tools of apprehension: Deputies teach Citizens Academy about K-9 unit, SWAT team
Man's best friend can be a criminal's greatest foe. Blount County Sheriff's K-9s may be social and friendly when around people but, make no mistake, they can be aggressive.
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Pursuit of meth suspects causes multiple crashes
A pursuit through Alcoa, Maryville and Blount County ended in a crash at about 2:25 p.m. today.
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Alcoa residents warned to look out for scam water testing
City officials have a warning for Alcoa residents. Beware of people calling about free water testing because it's a scam.
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Parishioners dig groundbreaking ceremony
They came with big shovels. They came with little shovels. They even came with plastic toy shovels.
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Trio charged following police pursuit, string of wrecks
Three people face a court date Wednesday in connection with their alleged attempt to buy the ingredients for methamphetamine and an ensuing high-speed pursuit that left a string of wrecked automobiles and the ...
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Alcoa Service Center dedicated
"What a great day," said Chris Soro of C2RL Engineers as he addressed the group assembled in the cafeteria of the new city of Alcoa Service Center on Universal Street.
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3 meth suspects arrested after chase, crash in Maryville
Blount County deputies arrested three meth suspects Thursday afternoon after nudging their car which crashed into a tree.
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More details released in hotel robbery
The Alcoa Police Department released more details today in Monday's robbery of Comfort Suites on Cusick Road.
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Suspect robs Comfort Suites in Alcoa
Alcoa police detectives were searching tonight for a suspect that robbed Comfort Suites in Alcoa with a weapon.
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Commission to consider stream buffers, $2.7M property deal
The Blount County Commission on Thursday will consider whether controversial stream buffer requirements should only have to apply within the urban growth boundaries surrounding local municipalities or at all.
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Interest higher in Blount county sheriff deputy jobs despite lower pay
Blount county's police academy graduates twelve new recruits today and the largest number, five, will go to the county's sheriff's department.
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Salsarita's continues to grow in Knoxville
Salsarita's Fresh Cantina , a made-to-order Mexican fast food restaurant, will open a fourth Knoxville location early next year off Clinton Highway.
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Ground broken for R&D facility off Pellissippi Pkwy.
Officials broke ground Wednesday on a research and development park off Pellissippi Parkway called Pellissippi Place.
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Voting turnout heavy in Blount County
Many polling precincts opened to lines at 8 a.m. today and some voting places, including the one at Alcoa First Baptist Church Family Life Center, still had lines after 10:30 a.m. When the voting began there ...
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We are family: Courtyard Grille celebrates 20 years and three generations
Earl Whaley Sr. started Courtyard Grille 20 years ago with the help of his son-in-law, the late Robert Jones.
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Election at a glance: Sales tax fails; Townsend wine passes
Among Blount County voters: Sen. John McCain defeated Sen. Barack Obama, 35,550 to 15,250, in the presidential race.
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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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