Appomattox, 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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| Appomattox, Virginia News |
Hunting fatality occurs near Gladys
Campbell County received its second hunting fatality for the 2008-2009 season Saturday afternoon when Benjamin Mawyer, 28, of Appomattox, died after being shot in the head by a single buckshot pellet.
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Amelia teen killed in Prince Edward crash
An Amelia County teenager was killed Monday in a single-vehicle accident in Prince Edward County, state police said.
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Appomattox man killed in two-vehicle wreck
An Appomattox man died Monday afternoon after a two-vehicle accident on U.S. 460 in the Spout Spring area of Appomattox County.
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Man killed in Campbell County hunting accident
An Appomattox man is dead after he was shot by a member of his own hunting party in Campbell County on Saturday afternoon, according to officials with the Virginia Department of Game and Inland Fisheries.
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Suspect sought in teenagera s shooting
Buckingham authorities are looking for a man they believe shot a 19-year-old on New Year's Day.
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Cats Back After Two Years
Appomattox Co., VA - An Appomattox woman has good reason to be optimistic about 2009.
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Gun sales skyrocket as Obamaa s inauguration nears
Mike Massie got his first shotgun at the age of 10. Guns have been in Massie's life since he was 5 years old and trudging along beside his father carrying an unloaded shotgun.
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Wintergreen Resort : Appreciation Days January 5th thru 7th 2009
Browse> Home / Events / Wintergreen Resort : Appreciation Days January 5th thru 7th 2009 January 5-7, 2009 For residents of Charlottesville, Waynesboro, Staunton, Lynchburg, and the counties of Albemarle, ...
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Uranium subcommittee to hold public hearing in Chatham Jan. 6
By TIM DAVIS/Star-Tribune Editor Tuesday, December 23, 2008 12:36 PM EST The Virginia Coal and Energy Commission's Uranium Mining Subcommittee will hold a public hearing Tuesday, Jan.
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APS kindergartener Nolen wins scholarship to LU
An Appomattox Primary School kindergarten student was awarded a $56,000 scholarship to Liberty University last Wednesday.
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Corrosion blamed for pipeline blast
External corrosion was the cause of September's natural gas pipeline rupture that caused an explosion on Route 26, north of the Town of Appomattox.
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Feds Okay Pipeline Operation
Appomattox Co., VA - Federal inspectors have given Williams Pipeline Company the okay to turn on full pressure in line B. That's the line that exploded in Appomattox County back in September.
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Council agrees to combine town manager position with director of public works
A divided Appomattox Town Council decided on Monday against hiring a director of public works.
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Layoffs Hit Area Furniture Maker
Appomattox Co., VA - A number of lay-offs Thursday in Appomattox. Furniture Brands, the parent company of Thomasville, announced that they are laying off 1,400 employees nationwide.
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Layoffs Reported at Furniture Maker
Appomattox Co., VA - We have heard of reported layoffs at Thomasville furniture in Appomattox.
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Owner's Dogs Shot
Appomattox Co., VA - It's a nightmare for an Appomattox County woman. She says someone shot two of her dogs.
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Repairs to Appomattox pipeline nearly complete
December 9, 2008 Repairs to Appomattox pipeline nearly complete A natural gas pipeline that made news when it blew up is about to go back in service.
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Appomattox Pipeline Update
The natural gas pipeline that exploded in Appomattox County back in September could go back into service later this month.
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Area food banks in need of help
December 5, 2008 Area food banks in need of help We've heard about bailouts for banks and car companies, but what about food banks? Groups that normally help others are now looking for a handout of their own.
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Sweet Jesus Ice Cream
Appomattox Co., VA - It's more than just a sweet treat. The Jesus Center in Appomattox says it's a way to get kids to church, to get them to learn more about God.
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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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