Accomac, VA Divorce Buyout in Virginia
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 Virginia, 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 VA
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(800) 675-9783
| Accomac, Virginia News |
Mallette is new chair, but it's not unanimous
Supervisor Steve Mallette, who represents Accomack County's electoral district 6, was elected chairman of the Accomack County Board of Supervisors for 2009 Monday in a 8-1 vote.
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The year in review -- July
Almost 80 workers at Bayshore Concrete Products Corp. have lost their jobs in the last two weeks because of declining highway projects.
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March
A grassroots group, Save Our Necks, filed a lawsuit against Accomack County over a year ago protesting appointments to the county planning commission.
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Area Deaths
ROBERT LEANDER BAGWELL, 80, of Parksley died Wednesday, Dec. 24, 2008, at Shorelife Care at Parksley.
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Good-humored Taylor feted at sendoff
Jimmy Taylor likes to say he's been with the Accomack County Parks and Recreation Department so long that "Moby Dick was a bull minnow when I started." Those who know the affable Taylor, who started with the ...
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Report: Overhaul Accomack assessments
ACCOMAC -- Accomack County's land-use assessment program needs 'a thorough, in-depth evaluation' after the difference between taxable and market values for properties in the program skyrocketed 70 percent in ...
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Bike Give-Away enters its 12th season pleasing youngsters
ACCOMAC -- The Accomack County Parks and Recreation Department held its 12th annual Bicycle Give-Away Saturday morning.
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Committee makes water, sewer report
ACCOMAC -- A citizen committee appointed by the Accomack County Board of Supervisors in July to study the county's sewer and water needs earlier this month submitted its final report, which concludes that ...
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Virginia State Police Work Three Separate Fatalities
Virginia State Police are currently investigating three fatal traffic accidents.
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New Census estimates released
ACCOMAC -- New figures released last week by the U.S. Census Bureau show Accomack County has 15,000 households, with an average size of 2.6 people, and a total population of 39,000. The figures come from the ...
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Northern Shore won't get Norfolk paper delivered
Local subscribers to the Norfolk-based Virginian-Pilot newspaper reacted with dismay this week to an announcement that it will stop home delivery of the daily newspaper in northern parts of Accomack County "The ...
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ACCOMACK: Grand jury hands down indictments
ACCOMAC - A grand jury indicted 34 people in Accomack County Circuit Court Monday.
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'Nutcracker' dancers benefit
The Eastern Shore's Own Arts Center invites everyone to join them for 'Cookies and Cocoa' with the Sugar Plum Fairy and the Nutcracker Ballerinas.
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Ennis returns to work with new title
ACCOMAC -- The Accomack County finance director who last month was placed on administrative leave after he informed officials of problems with the county finances has returned to work with a new title, Director ...
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Author traces Va. history in verse
A British author who now calls Virginia home will appear at two area libraries Tuesday to read from his new history of the state, written in verse.
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$2.3 million shortfall projected for next year
ACCOMAC -- Accomack County Supervisors and the School Board Monday met jointly for the first time in years in a prelude to a likely difficult Fiscal Year 2010 budget planning process.
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Steelman alleges rough treatment from deputy
PARKSLEY -- An Accomac man Wednesday told Accomack County supervisors he received rough treatment last month in his early-morning arrest and subsequent release by a deputy while he stood on his own property.
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Germ alert: Steer clear of flatbed chicken trucks
You've heard about the chicken that crossed the road. But have you heard the one about the chickens traveling down the road? It's no laughing matter.
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Murder suspect returns to face charges
ACCOMAC - A Louisiana man was returned by authorities to Accomack County to face a murder charge in the August shooting death of an area businessman.
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News' Bank of Cheer drive begins
ACCOMAC -- The 48th Bank of Cheer fund drive began this week at the Eastern Shore News with its sights set on raising $16,000 to help at least 200 needy families on the Eastern Shore.
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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 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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