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Alcolu, 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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Alcolu, South Carolina News
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Clarendon County Council will receive its final report regarding the purchasing of assets of the Wyboo Water and Sewer System owned by Wyboo Plantation Utilities Inc.


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Joe Perry / The Item Jefferson Isaac, 74, crouches alongside his 162-pound pumpkin on his farm in Gable recently.


Toxic Gas Contained, No One Injured in Silo Fire

Clarendon County firefighters are investigating a fire at a farm near Alcolu, where they thought a toxic gas was released for a brief amount of time.


Haz-mat team dispatched to Clarendon County

Sumter Fire Department's COBRA team responded to a potentially hazardous situation in Alcolu on Wednesday.


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When the inaugural Pig Tales Festival was over and done with in October, Friends of the Library President Janet Meleney said it was better than they could have ever hoped.


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When the inaugural Pig Tales Festival was over and done with in October, Friends of the Library President Janet Meleney said it was better than they could have ever hoped.


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CHARGES: David Keith Williamson, 24, of 12209 Plowden Mill Road in Alcolu, was arrested at about 3 p.m. July 8 at his home and charged with motor vehicle theft and theft of motor vehicle parts or accessories ...


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"If anything, people desire to have a place to relax, have fellowship and enjoy tranquility.


Officials Find Dying Horse by Highway

Deputies with the Clarendon County Sheriff's Office say they, with the help of the Clarendon firefighters, transported a sickly horse from the side of the highway, and they are searching for its caretaker.


Horse left on side of road to die in Clarendon Co.

The Clarendon County Sheriff's Department is investigating several tips in a case of animal cruelty and animal neglect.


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ANTIOCH BAPTIST Antioch Missionary Baptist Church, 2571 Joseph Lemon-Dingle Road, Jordan community of Manning, announces: * Sunday, June 22 - The "100 Men and Women in Black and White" program will be held at 3 ...


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CHARGES: Dominee Lilwill Lawson, 23, of 1023 Hall St. in Summerton, was arrested at 4:20 a.m. May 31 at a residence on Detwiler Street in Manning and charged with burglary, breaking and entering, possession ...


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NEWBERRY COLLEGE Carolyn Cecile-Marie Wilkes of Manning was named to the dean's list at Newberry College for achieving a grade point average of 3.5 or higher on a 4.0 scale during the semester.


Clarendon hopefuls pitch their r sum s

Clarendon hopefuls pitch their resumes Latham, English seek council spot June 10 A.C. English and Jim Latham, both Democrats, are vying for the District 2 seat on Clarendon County Council in the June 10 ...


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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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