Ardmore, 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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| Ardmore, Tennessee News |
Ardmorea s Clayton Homes manufacturing facility to close
Clayton Homes, a home manufacturer in Ardmore, Tenn., will cease operations, according to a press release from CMH Manufacturing Inc.
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Ardmore Board Approves Raises
In spite of deteriorating economic conditions, the Ardmore Board of Mayor and Aldermen approved pay raises for five employees last Thursday at the regular monthly meeting.
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Ardmore Seeking EMA Director
Joint Council Creates Position Paul Manke Paul.Manke@gilesnews.us A position with duties that could possibly expand was recommended last Thursday by members of the Ardmore, Tenn., and Ala., governing bodies.
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Wreck uncovers 'portable meth lab'
Two women remained held without bond Monday in the Limestone County Jail after they led authorities on a two-state chase Saturday and were found with a portable meth lab in their trunk after they eventually ...
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Ardmore Looks Into Emerg. Medical Dir. Position
Hiring a city emergency medical director, who would be on call to provide emergency medical aid during the day, was referred to a joint meeting of the Ardmore, Tenn.
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Fried Green Tomato draws folks to Ardmore
Ken 'Hot Rod' Robinson got his nickname from being one of the first guys to have a street rod after his 1954 graduation from Elkmont High School.
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Tennessee man charged in Ardmore pharmacy burglaries
A burglar believed to have twice struck an Ardmore pharmacy in the past month was nabbed early Tuesday in Huntsville after traveling the wrong way on Memorial Parkway, an official said.
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No Funding Yet for Ardmore Boys and Girls Club
Members of the Ardmore, Tenn., Board of Mayor and Aldermen deadlocked 3-3-1 Thursday on whether to withdraw a previous motion not to give $5,000 to the local Boys and Girls Club.
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Several Drug Arrests Made
Local law enforcement made several arrests on drug related charges this week. - Kelly Nicole Johnson, 35, of Columbia was arrested Monday.
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Man Charged in Wife's Slaying Appears in Court
An Ardmore man accused of killing his wife and then dumping her body in a well appeared in court Thursday.
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Crape Myrtle Fest promises family fun in Ardmore
The 16th Annual Crape Myrtle Festival is this Saturday in Ardmore. Festivities take place from 8 a.m. until 3 p.m. on Ardmore Ridge Road at the John Barnes Park in Ardmore, Tenn.
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New details on a death investigation in Lincoln County, Tennessee
Investigators have filed murder charges in the case and they think the crime could be related to a child molestation case.
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Man Arrested After Wife's Body Found In Well
A Lincoln County man was charged with criminal homicide for his wife's death, which is linked to a child molestation case.
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Ardmore Man Arrested in Connection to Body Found In Well
NewsChannel 19's Jamie McGriff Reports: It's not hard to find out what the talk of the town is in Lincoln County.
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Two-day search yields body
Following months of investigation and a subsequent two-day search of Ardmore property, law enforcement officials recovered a body at the bottom of a deep well.
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Body of woman found in Lincoln County well
A woman's body was found in a 30-foot-deep well today just north of here after a two-day search.
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The 2008 Ardmore Rodeo: August 8th thru the 9th at the Tennessee Ball Park in Ardmore Tennessee
The 16th Ardmore Rodeo is coming up on August 8th and 9th at the Tennessee Ball Park in Ardmore, TN.
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2 charged in Ardmore armed robbery
Limestone County authorities arrested two men Tuesday in connection with an armed robbery at a home near Ardmore.
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2 charged in Ardmore armed robbery
Limestone County authorities arrested two men Tuesday in connection with an armed robbery at a home near Ardmore.
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Putman-O'Brien
Randy and Kim Putman of Murfreesboro announce the engagement of their daughter, Kyla Hope Putman, to Clinton Mitchell O'Brien of Christiana.
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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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