Alamo, 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
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| Alamo, Tennessee News |
Around The Region: Bredesen vetoes Mennonite bill
Federal prosecutors say a former West Tennessee baseball coach has drawn 15 years in prison on a crack cocaine conviction.
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Hot drinks easy to prepare, leave lasting impression
Hot drinks are a holiday and cold-weather tradition in many homes this time of year.
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Crockett Co. teachers' work pays off
ALAMO - Administrators and teachers at Crockett County High School have an enviable dilemma - how to spend a $5,000 grant the school recently won from the MetLife Foundation.
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Rescuer talks about saving kids from day care fire
ALAMO - Alamo Assistant Police Chief Kevin Sugg said he did nothing heroic by crawling through heavy black smoke, with asthma, and pulling three children out of a fire Wednesday morning at an unlicensed child ...
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3 kids, 2 adults hurt in day care fire
ALAMO - Authorities said a space heater was the likely cause of a Wednesday morning fire that injured three young children and two adults in a small child care agency in Alamo that had been shut down by the ...
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Fire chief: Space heater likely cause of daycare fire
Authorities said a space heater was the likely cause of a fire that injured three children and two adults in a small day care center near Alamo this morning.
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Day care fire investigation continues; 3-year-old in burn unit
ALAMO - A 3-year-old boy injured in a fire at a unlicensed child care center Wednesday remains in the burn unit at Vanderbilt Medical Center in Nashville today, Crockett County authorities said at a press ...
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Fire at West Tennessee day care sends 5 to hospital
ALAMO, Tenn. a ' Authorities say five people have been sent to a hospital after a fire at a Crockett County day care center, including an officer who was rescuing children from the building.
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Alert: Daycare Fire in Alamo, TN; 3 Children Taken to Hospital
" Three children and a police officer have been taken to the hospital following a daycare fire in Alamo, Tennessee.
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Day care restraining order stands
A court order that prohibits three women from running a child care agency will remain in effect at least until January.
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Green Frog makes leap to downtown
Mandy Williams clutched her cup of coffee in both hands, delighted that the Green Frog Coffee shop offered her a warm refuge from the morning chill.
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Restraining order issued
A restraining order has been issued against the former operators of a Crockett County daycare that was ordered shut down after the death of a 10-month old in October, according to an order of injunction filed ...
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Arkansas officials seize 6 Alamo compound children
Child welfare officials have seized six children in Indiana associated with the Tony Alamo Christian Ministries, while authorities in California visited a church compound affiliated with the jailed evangelist.
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Luffman lands third National Cowboy Championship
Smyrna State Farm Agent Marty Luffman won another National Cowboy Championship in Texas.
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Attorney: 8 new charges filed against Alamo
An attorney for jailed evangelist Tony Alamo says his client has been indicted on eight new federal charges.
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Crockett residents show unity
ALAMO - A large crowd - bundled in warm coats, caps, scarves and gloves - braved the freezing temperatures this morning for Crockett County's first Unity Walk.
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Crockett County Unity Walk
Lenwood Reed, Crockett County NAACP President, encourages Sheriff Troy Klyce on the Unity Walk in downtown Alamo Saturday morning.
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Official: Alamo seizures come over abuse claims
An official says that stories of alleged beatings and sexual abuse prompted Arkansas child-welfare officials to seize 20 children associated with the Tony Alamo Christian Ministries.
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Community notebook: Hill back home after brain surgery
Former Lambuth quarterback Cory Hill called Thursday one of his worst days ever, but he is not complaining.
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Man charged in Obama plot says grand jury skewed
White supremacist Daniel Cowart's car, which was being held at the Crockett County Sheriff Department in Alamo, Tenn., on Wednesday, Oct.
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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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