Amherst, 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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| Amherst, Virginia News |
Village Garden Club picks decoration winners
Members of the Village Garden Club once again surveyed the abundance of Town of Amherst homes festooned with yuletide decorations this year, on the evening of Dec.
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Delegate Cline Announces Town Hall Meeting Schedule
Amherst, VA-Delegate Ben Cline, announced today that he will hold four Town Hall meetings in the 24th District prior to the start of the General Assembly on January 14, 2009.
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Kaine: Part of CVTCa s $43M should be used to provide smaller homes
Part of $43 million that the General Assembly approved for Central Virginia Training Center earlier this year should be used to provide smaller homes in the Amherst County area for some of the center's ...
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Missing Amherst County man found
An Amherst man who disappeared Monday night, was found early Wednesday morning. William Daniel Thomas,83 disappeared after leaving choir practice at Scott Zion Baptist Church on Galts Mill Road at about 7:20 ...
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Amherst food bank feeding a growing need
MORE DONATIONS BUT FEWER DONORS, AMHERST CENTER SAYS: Josh Brooks of Madison Heights, holds his daughter, Kaylee, as he and his mother, Loretta Gunter picked up food at the New Prospect Baptist Church Food Bank ...
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Killer gets 63 years; accomplice pleads
An Amherst circuit judge on Wednesday sentenced convicted killer Timothy Wright Jr.
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Broad Run stifles Amherst 13-0
Chris Jessop threw a 10-yard touchdown pass to Adrian Flemming and Broad Run ended Amherst County's 2-year reign in Group AA, Division 4 with a 13-0 in the VHSL championship Saturday.
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Checkpoints and patrols are planned
Amherst County sheriff's deputies will be focusing on detecting, testing and arresting impaired drivers every weekend through the new year.
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Two Amherst Co. accidents send three to hospital
Two accidents in Amherst County on Tuesday afternoon tied up traffic and sent three area residents to Lynchburg General Hospital with minor injuries, according to State Police.
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Decoration contest set for Dec. 10
The Village Garden Club's annual Christmas decoration contest judging will be 5:30 to 9 p.m. Dec.
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Amherst deputies train to carry Taser weapons
Amherst County sheriff's deputies have begun carrying Taser devices, which are used to deliver an incapacitating electric shock to suspects that commanders say will quickly end a fight before an arrestee or ...
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The Rivanna Resort & Golf Club Under Construction in Palmyra,...
Construction for Charlottesville's newest crown jewel, The Rivanna Resort & Golf Club, is well underway.
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Authorities seek Lovingston man on the run
The Nelson County Sheriff's Office is currently conducting a search for a Lovingston man who they say ran from authorities as they were served him an arrest warrant this afternoon.
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CVCC Amherst campus on track
15 at 3 p.m. -Where: Mountainview Plaza, at 200 Richmond Highway - Info: For more information or to apply to the college, visit http://www.cv.cc.va.us After several years in the making, Central Virginia ...
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VA Blue Ridge Railway Trail in Piney River : New Section Opens
Browse> Home / Top Story / VA Blue Ridge Railway Trail in Piney River : New Section Opens! Photos By Diana Garland : The ribbon is offically cut opening the latest section of VA Blue Ridge Railway Trail in ...
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Mailbag: Live From The 'Bowels Of Conservatism'
We want your stories! What was your voting experience like? What interactions have you had with the campaigns? Are you volunteering for a candidate? Have you received any last minute robocalls or campaign mail? ...
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Fire destroys Amherst Co. home
A Saturday afternoon blaze gutted an Amherst County house, leaving only part of the structure intact.
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Food Bank: More Demand, Less Food
Amherst Co.,VA - The economy has many of us complaining about retirement savings and higher prices.
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Deputies target the fast and the reckless
If you get close enough to John Grieser to ask him if that thing has a Hemi in it, you're probably going to get hit with a question of your own.
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Amherst man, found guilty of murder, faces new charge
A man found guilty by a jury of first-degree murder earlier this month was in court Tuesday to face accusations that he beat a fellow inmate unconscious in August.
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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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