Altavista, 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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| Altavista, Virginia News |
Fire claims home on Level Run Road
The new year had a tragic start for one local man. On New Year's Day, Isaiah Irby lost his residence and was injured when his Level Run Road home in Pittsylvania County caught fire.
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Suspect leads police on chase in stolen car
A suspect in a stolen Dodge Charger led Altavista, Campbell County and state law enforcement on a game of hide-and-seek for several hours Wednesday evening, officials with the Campbell County Sheriff's Office ...
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Launching the unwanted
The bowling ball arced high, hooked right and hit hard before bouncing off down the tracks toward the old locomotive.
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Man arrested for car theft
A soldier stationed in Alaska is in custody in Rustburg charged with stealing a car from Altavista Motors late Wednesday afternoon, Campbell County Sheriff's Department Investigator Dwayne Wade said.
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Students collect more than 3,000 books
JAMES MEADOWS/ALTAVISTA JOURNAL STAFF WRITER Dedra Love, a teacher and National Junior Honor Society advisor at Altavista High School, sat down at her computer during her planning period and read an e-mail from ...
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Firefighters battle Altavista blaze
Area firefighters were on the scene Wednesday morning of a smoky brush fire at the end of Myrtle Lane in Altavista.
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CVCC Brookneal Center Closes Doors
The Central Virginia Community College Brookneal Center, located on the bottom level of the Patrick Henry Memorial Library, has closed due to low enrollment and drastic state budget cuts.
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Lane receives Rotary honor
The Altavista Rotary Club honored one of the town's most dedicated and beloved patrons at its annual Christmas celebration and awards ceremony last Tuesday at Avoca Museum.
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Supervisors show support for fishing trail in area
The Campbell County Board of Supervisors met Monday afternoon, unanimously supporting a new tourism effort.
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Chamber seeks award nominees
The Altavista Area Chamber of Commerce is inviting nominations for its annual citizen and business awards, which will be handed out early next year.
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Altavista High School earns ranking by U.S. News & World Report
Naturally, principal Clayton Stanley was delighted to hear the news, albeit a little surprised.
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Town parade, movie scheduled Saturday
The Altavista Christmas Parade will march through town Saturday, Dec. 6, starting at 5 p.m. Following the parade, the Altavista Fire Company, Altavista Arts Council and Altavista Area YMCA will team up to show ...
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Altavista school chorus will present winter concert Sunday
The Altavista Combined School Chorus will hold its winter concert on Sunday, Dec.
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Businesses see positive sales after Thanksgiving
Several Altavista businesses reported good sales on the shopping days following Thanksgiving.
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Country store opens Saturday
Through the front door, food, cast-iron cookware, clothing, toys, artwork, soap and bluegrass music await.
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'Gas Man' Sentenced For Role In Credit Card Mastering Scheme
December 1, 2008 - Acting United States Attorney Julia C. Dudley announced today that Dereck Lorenzo Dunston, age 40, of Evington, Virginia was sentenced in the United States District Court for the Western ...
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Pittsylvania County girl brings home Talented Teen crown
The Miss Black Virginia USA 2009 competition culminated Saturday at the North Theatre with the crowning of Crystal Bailey, who entered the contest as Miss Black Williamsburg.
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Crime Stoppers - Store Thefts
Across the ABC 13 Viewing Area - Lynchburg Police say they stole money from two Walmart stores and a Food Lion and they need your help tracking down the suspects.
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Chamber plans local quilt festival for May 2
The Altavista Area Chamber of Commerce is tapping into the popularity of quilting by hosting its own festival next spring.
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Thieves target Wal-Marts in Lynchburg, Altavista
Surveillance video from Wal-Mart may help Lynchburg Police solve a larceny that occurred Nov.
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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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