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
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| Alcoa, Tennessee News |
Local economy to feel pinch from ALCOA cuts
ALCOA's smelting operation is up and running now, but come March, all pot lines will shut down, putting 450 workers out of a job.
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Alcoa cuts 450 local workers, aluminum production
Alcoa is temporarily stopping aluminum production at its Tennessee operation. Company officials say Tuesday this impacts the two pot lines at their south plant.
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ALCOA laying off 450 in Blount County by March
ALCOA Aluminum in Blount County plans to layoff 450 employees by the end of March, according to company spokesperson Christy Newman.
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Firm chief says report on fatality 'unfair'
Firm chief says report on fatality 'unfair' By Don Jacobs Friday, January 2, 2009 The president of an area construction firm said he'll contest a state-proposed $8,000 fine in connection with the death of an ...
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Alcoa police searching for armed parking-lot robber
Police are searching for the man who robbed another man in the parking lot of a discount store.
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Company to fight fines in Knox Co. worker death
The president of a Knoxville-area construction firm says his company will contest $8,000 in fines the state has proposed in the death of an employee.
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Christmas Tree Drop-off again at Hobby Lobby
County residents have an opportunity to help Blount County Parks and Recreation department beautify area parks or create a habitat while reducing landfill waste just by recycling their real Christmas trees.
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Family Promise progress: Church plans day center for homeless as project gathers steam
It is 2009, but there's still no room at the inn. Fifteen months after the faithful of 16 area churches drew together to discuss how to help the forgotten homeless of Blount County, a local Family Promise ...
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Moderate drought remains; forecasters say increased rainfall has helped out
A soggy December has helped much of the South recover from a drought that dried up reservoirs and turned crops and lawns to straw for the last two years.
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Lightning causes fire, destroys home in Blount County
A Blount County Rural/Metro mechanic lost his home Wednesday night after a lightning strike sparked a fire.
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Montvale Road house burns, possibly due to lightening
A house belonging to Roger Neeley, of Rural/Metro Ambulance Service, caught fire when lightening began striking during a storm tonight.
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Men fight back during armed robbery
An Alcoa man said that when two armed men came into his apartment, claimed to be the FBI and robbed him and his friends -- they decided to fight back.
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Rankin named TSWA 2A Coach of the Year
News Sentinel staff Originally published 11:40 p.m., December 21, 2008 Updated 11:40 p.m., December 21, 2008 Gary Rankin, who led Alcoa High School to the third of five consecutive state football championships ...
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Man found dead in field off Sam Houston School Road
A 68-year-old Maryville man was found dead Saturday night with a gunshot wound to the chest off Sam Houston School Road.
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Alcoa High School expansion hits snags
Alcoa City Commissioners and school board members heard a presentation Friday on how the city's economic forecast is affecting the school system's high school project.
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Driver allegedly meant to kill woman
A 35-year-old Alcoa man who allegedly ran over a woman with his pickup truck Wednesday told a passenger, "I'm going to kill that ," before running over the victim twice, warrants state.
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Alcoa man charged with attempted first-degree murder after woman dragged by truck
A 35-year-old Alcoa man was charged Wednesday by Knoxville police officers with attempted first-degree murder.
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Investigators: Counterfeit money on the increase in Blount Co.
Investigators say in the past four weeks, the amount of counterfeit currency found in the Blount County area has more than doubled since last year.
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Counterfeit money on the increase in Blount Co.
Authorities in Blount County say they've seen a spike in the number of counterfeit bills showing up lately.
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ALCOA employees help fill Santa's sleigh
They weren't wearing elf suits, but the scene likely resembled what happens Christmas Eve at Santa's toy shop.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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