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Athens, TX Divorce Buyout in Texas

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 Texas, 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 TX

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Athens, Texas News
On the draw

Athens Cub Scout Master Nick Rosenberg, right, helps Alberto Alvarado, a Webelos Scout, draw a design on a block of wood that was soon cut out in the shape of a Pinewood Derby car.


3 now charged in a 07 Athens murder

The Athens Police Department has filed its case against three suspects in connection with the murder of Jerry O'Neal Stevenson, who was found shot to death in the doorway of his Jonathan Street residence on ...


Police in Malakoff, Athens look at possible robbery link

The Malakoff Police Department is investigating a pair of recent armed robberies that may be connected to others in the county.


Back to work

Phadarius Taylor, left, tries to get the basketball from Jay Leashore during a recent Trinity Valley Community College basketball practice at Cardinal Gym.


Gun on campus leads to charges

Athens school officials are scheduled to hold a hearing Thursday for students who allegedly brought a stolen handgun onto the high school campus in mid-December, Superintendent Dr.


TAKS countdown is on at AISD

The beginning of the spring semester means Athens students and teachers are entering the final stretch of their Texas Assessment of Knowledge and Skills test preparation.


Police probe assault with car

The Athens Police Department is investigating a complaint from an Athens woman who said she and her 15-year-old sister were intentionally struck by a motor vehicle Tuesday night, driven by an acquaintance from ...


County's first baby of 2009 born

Little Jeorge Luis Fernandez may not have been born on New Year's Day, but he still managed to achieve first-baby-of-the-year status at ETMC Athens with a January 2 arrival.


Police to step up patrols

After a relatively quiet Christmas holiday, local law enforcement entities are bracing for New Year's. All available Texas Department of Public Safety troopers will be on patrol Wednesday, Dec.


Alleged vehicle vandals arrested

Athens Police arrested three people Monday night in connection to the vandalizing of a car at a local apartment complex.


A hunk of burnin' shrubs

Brandon Irby, right, of North 19 Fire/Rescue steps away from the smoke of a smoldering grass fire in a pasture on County Road 3715 north of Athens Tuesday afternoon.


Look, up in the sky ...

It's a beautiful, sunny winter's day at the Clements Scout Ranch, southwest of Athens.


Appeals may delay payments in pet food case 3:22 PM CT

More than 23,000 pet owners in the United States have asked for money from a $24 million settlement for owners of dogs and cats who were sickened or died after eating pet food contaminated with an industrial ...


Disturbance leads to arrest

A disturbance at the Village Apartments Saturday morning started a chain of events that led to the arrest of an Athens man on a warrant from the Bureau of Pardons and Paroles.


Fun on a warm winter day

Kiwanis Park was a popular place Friday afternoon with the temperature climbing into the low 80s.


Malakoff home destroyed by fire

A Depression-era house in Malakoff was destroyed by a fire Saturday night. The iron-ore rock house, located on 424 East Royall Blvd., was a complete loss, according to Sherri Edwards - the daughter-in-law of ...


Holiday robberies being probed

Area law enforcement officers are investigating a pair of armed robberies that occurred Tuesday and Wednesday in Henderson County.


Scam sinks possible boat deal

A 73-year-old Athens man wonders what he has to do to sell his boat. He's had two perspective buyers, but it turns out both were from scam artists.


Let's make a deal

Early hours and cut prices Friday morning led to a busy day for some Athens stores.


I think we're going to need a bigger plate

Bar-b-cue and all the fixins were part of the festivities at the annual Henderson County Christmas Party, held Tuesday in the 173rd District Court.


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