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Adams Run, 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

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Adams Run, South Carolina News
Owner moving ahead on landfill proposal

ADAMS RUN a ' Wilbur Jones spent much of his childhood hunting in the woods in southwestern Charleston County.


Landfill Controversy

The proposed landfill would be built next to the historic King Cemetery off Highway 17 in Adams Run.


S.C. oyster industry using new ideas, techniques to stay alive

Local oyster harvester Carl Dipace loads into his boat a pole of young oysters he plans to break apart and replant on the bank of the Edisto River.


82-year-old woman displaced by fire

ADAMS RUN a ' A fire displaced an 82-year-old woman from her home Saturday night, authorities said.


Patriotism in the Park performance to cap off Taste of the Town this Sunday

Several events will be held Sunday at Azalea Park, all with free admission and open to the public.


We have to teach our children to think | The Brain Drain

Some recent events have reminded me of a conversation I had years ago with a former high school teacher.


Two new suspects identified in Adams Run shooting

' Detectives have identified two more suspects in a shooting that killed one and injured two others at a nightclub here over the weekend.


Shooting suspects denied bond

Two men arrested in connection with the shooting of three Jacksonboro men early Saturday outside Alex's Social Club in Adams Run faced a judge in a bond hearing Monday.


Weekend Shootings in Charleston

A weekend marred by violence the lowcountry living up to the latest statistics ranking South Carolina the most violent state in the nation.


Trident Tech branches out

The influence of Trident Technical College no longer just runs north along the Interstate 26 corridor.


Losing numbers game

Intern Siobhan Adams conducts a drug test on the urine of a woman on probation at the state probation and parole office in North Charleston.


Claim your lost pig at the Animal Society

A stray pig sits in the barn at the Charleston Animal Society on Monday. The Charleston Animal Society wants to reunite with its owner a stray pig found in Adams Run or find him a new home.


Charleston Shelter Looks for Owner

You would think it would be hard to loose an almost 500-pound pig. But someone did and officials in Charleston are looking for the owner.


CSO Gospel Choir names new music director

The Charleston Symphony Orchestra and the CSO Gospel Choir have selected a new music director, and have named an associate director for a newly formed vocal ensemble within the choir.


Man guilty of attack with a stun gun

A judge has sentenced a 46-year-old man to 20 years in state prison for kidnapping and torturing his estranged wife with a stun gun at a North Charleston motel in 2006.


Adams Run couple's killer opts for electric chair

A man set to be executed next week for the murders of his ex-girlfriend's parents in their Adams Run home has chosen to die by electrocution, the Department of Corrections announced Tuesday.


Execution set for man who killed ex-girlfriend's parents

The South Carolina Supreme Court has set a June 20 execution date for a man who murdered his ex-girlfriend's parents in Charleston County.


Pinckney, 2 challengers to square off in District 45

State Sen. Clementa Pinckney, D-Ridgeland, hopes to win a third term this year, but first he must defeat fellow Democrats Richmond Truesdale Jr.


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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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