Andersonville, 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
| Andersonville, Tennessee News |
J. B. Wright
Funeral services for Jesse Barthell "J. B." Wright, 94, of Andersonville, Tenn., were held Friday, Nov.
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Part II of Knoxville's 40-year-old unsolved murder
In July 1972 , some 3 A1 2 years after the murder of Rose Busch in her Sequoyah Hills home, the badly decomposed body of Oscar Hugh "Buck" Willman, 58, of Andersonville was found stuffed in the trunk of his car ...
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Sam Venable
Wear a hard hat if you intend to do much woods walking this fall. Quite frankly, it's nuts out there.
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UT Lifestar opens Anderson County base
UT Lifestar has opened a full-time Anderson County base in the David Jones Industrial Park in the Andersonville community.
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Theatre kicks off new season with 'The Music Man'
"The Music Man" by Meredith Willson, one of the most beloved musicals in American history, serves as the opening salvo in Lamplighter's Theatre's upcoming Season of Award Winners.
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Overall, 'room to grow' at Anderson schools
The Anderson County School District has a student enrollment of just over 7,000, and current school buildings could accommodate another 2,200 students.
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Authorities say man takes life after wife died in crash
Authorities say an East Tennessee man killed himself after his wife died in a golf cart wreck.
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Andersonville woman dies in wreck, husband commits suicide
An Andersonville couple is dead after a golf-cart accident late Friday night. Deputies say they found an overturned golf cart on Stardust Lane near Stardust Marina around 11:00 Friday night.
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Regional briefs: July 31
A "suspicious fire" destroyed a large home early Tuesday that had just been built and was for sale for $339,000, according to reports.
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Education contest draws most interest
In an Anderson County general election with no contested countywide contests, three district battles for county school board seats are grabbing most of the interest.
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Trial Underway In Fatal DUI Case
Testimony began Tuesday in the trial of the Tennessee man accused in the DUI deaths of three people in Whitley County in July 2007.
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Andersonville man convicted of murder in crash
A jury in southeastern Kentucky has convicted an Andersonville, Tenn., man of murder in the traffic deaths of two people and an unborn child.
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Andersonville man accused of DUI death of woman, child, fetus
Testimony began Tuesday in the trial against an Anderson County man accused of killing three people while driving drunk.
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Missing woman found alive and safe near Norris lake
A 23-year-old woman has been found alive and safe after a night of search and recovery efforts.
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Anderson/Blount briefs: June 12
Police on Wednesday were trying to sort out the details of two Rockwood men were shot multiple times after they said they were rammed by a vehicle in Knoxville.
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Fire set in teaching assistant's home, students investigated
A Fairview Elementary teacher's assistant says students likely set a fire in her Andersonville home over the weekend.
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Anderson and Blount briefs: June 3
Court action for Christopher Crider, accused of criminal homicide and reckless endangerment in connection with an incident at an Alcoa flea market May 25, has been reset to June 23.
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Flipping foreclosures successfully in East Tenn.
"You want to find out what the comparative market values in the area are because you don't want to end up fixing it up and finding out that you put too much money into it to sell it" "I went through and painted the entire house. I put carpet down and then I did the kitchen," Kevin Fine explains as he shows 6 News a house he's working to flip. via WATE-TV Knoxville
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Raising champions: GK Performance Horses in Andersonville
Greg and Kim Watkins turned a mutual love of horses and a desire to move to the country into a profitable new business. via The Knoxville News Sentinel
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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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