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Alva, FL Divorce Buyout in Florida

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 Florida, 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.

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Alva, Florida News
Discovery released in slaying of Estero wife

On the last morning of her life, there was no sign to 31-year-old Melissa Shook it would be different than any other day.


Lee officials fear 2009 economy will be worse

Lee County commissioners said repeatedly the current fiscal year budget process was the most difficult in county history.


Teen injured in Fort Myers motorcycle crash remains critical

A 16-year-old cheerleader remained in critical condition this morning with injuries suffered in a motorcycle crash on Dec.


Two teens thrown from motorcycle, one dies

Two teens were thrown from a Honda motorcycle when they drove through the intersection of Palm Beach Boulevard and the Interstate 75 ramp.


Lehigh Acres Mailbag

I am a cashier at a well-known department store. I see how during the holiday season so many of you are full of the spirit of giving.


Pocket garden makes big progress

It's still decidedly a 'before' picture, but with some deft shovelwork and a little cow manure, 'after' is starting to look deliciously close.


Alva Doctor Reappointed By Governor

Chief Medical Examiner ALVA, FL. -- Florida Governor Charlie Crist this week announced the reappointment of Rebecca A. Hamilton, 43, of Alva, as chief medical examiner for District 21 in Southwest Florida.


New Lee schools built with the Earth in mind

The faucets shut off automatically, and the toilets flush less water. The motion-sensored lights turn on when students walk into their classrooms and turn off after they leave.


Deputies investigate school arson

ALVA: Someone pushed 16 bottle rockets through a door at River Hall Elementary School over the holiday weekend, according to Lee County deputies.


Traffic enforcement update for Tues.....

The Lee County Sheriff's Office Traffic Unit will target at least one of the following three locations for enforcement Tuesday, Dec.


Developers in east Lee County in a pinch

Lee County's recent decision to buy more than 1,700 acres of ranch land could help prevent major development in one of the county's last rural areas.


Old house, new life

Anyone familiar with great love stories knows about great obstacles. Though the lovers are destined to be together, getting there can take a lot of patience and persistence.


Do the Right Thing Award winners

Each month throughout the 2008-09 school year, the Lee County Sheriff's Office honors the good deeds of students through Do the Right Thing Student Recognition Program.


$24 million may save Alva ranch

Lee County plans to spend almost $24 million to buy more than 1,700 acres of ranch land along County Road 78 - the fourth-biggest conservation purchase in county history.


Off-road cyclists to compete here

A few years ago the bike trails at the Caloosahatchee Regional Park in Alva were a secluded getaway, known to only a few Southwest Florida off-road cycling insiders.


State Rep. Kreegel eyes health chair in third go-round

Paige Kreegel is headed back to the Legislature for his third two-year term and possible chairmanship of the House health or energy committee.


School Page: Collier higher education briefs for Nov. 2, 2008

Edison State College Charlotte County Campus President Patricia Land expanded her role as campus president to include the Hendry/Glades Center at Edison State College.


Calusa Blueway fest a paddler's paradise

Cape Coral's Lynette Brown celebrates her love of paddling each week all year long, and she will share that love with the kayakers from around the country at the third annual Great Calusa Blueway Paddling ...


River Hall Elementary to host annual fall festival

River Hall Elementary will host its annual fall festival Thursday. The event provides students and family members with an evening of fun and games, with proceeds benefiting each grade level and the Parent ...


Pat Land - English Teacher To Campus President

Dr. Land Joins Hendry/Glades Center LABELLE, FL. -- Dr. Patricia Land expands her role as Campus President to include the Hendry/Glades Center at Edison State College.


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