Anna Maria, 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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| Anna Maria, Florida News |
Last Week
HOLMES BEACH a ' It was Christmas Eve. Shoppers were running in and out of Publix getting last minute items for their holiday feasts.
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Last Week
" A tip in the search for missing Holmes Beach hotelier Sabine Musil-Buehler turned into a dead end shortly after investigators began digging in the sand on Tuesday morning.
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Snapper and grouper available and plentiful
Published: Friday, December 26, 2008 at 1:00 a.m. Last Modified: Thursday, December 25, 2008 at 7:10 p.m. If the weather allows, head offshore for some of the best mangrove snapper and grouper action that we've ...
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St. Joseph students make Christmas brighter in area
COURTESY PHOTO/ARTISTS GUILD OF ANNA MARIA ISLAND Andrea McDade has been selected as December student of the month by the Artists Guild of Anna Maria Island.
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Last Week
The number of Island residents seeking food from local food pantries has skyrocketed this year to record levels, according to relief workers.
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Island arts festival enjoys crowds
Soldered and sculpted. Or perhaps painted and penciled. They can hang on walls or dangle from ears, and they can reflect or reveal the steely pose of a stranger.
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Bridge debate to resume Tuesday
The ongoing rehabilitation project on the Anna Maria Island Bridge has bought time but it is only a short term fix of 10 to 15 years, according to Florida Department of Transportation officials.
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Repairs to Cortez Bridge on project list
Now that its counterpart to the north has been fixed up, the Cortez Road drawbridge has a spot on the Florida Department of Transportation's to-do list for extensive rehabilitation.
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Winterfest organizers revive children's gallery
Give a child a crayon and instinctively he or she will begin to draw. Organizers of the 21st Annual Winterfest Festival of Fine Arts and Fine Crafts wanted to capitalize on that creativity, and so they have ...
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Decorated veteran was honored to be a parade marshal
Serving as the parade marshal of his New England town's Memorial Day parade in 1948 was something former Army Staff Sgt.
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Christmas wishes: Experience old Florida
Description: A 2009 wall calendar featuring underwater photographs of the famous Weeki Wachee mermaids.
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Top Honors
Five local companies received top honors Wednesday from the Manatee County Economic Development Council.
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Warming trend is welcome
Published: Friday, December 5, 2008 at 1:00 a.m. Last Modified: Thursday, December 4, 2008 at 6:20 p.m. This warming trend is just what we needed.
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Receptions at galleries showcase local artists
Published: Wednesday, December 3, 2008 at 1:00 a.m. Last Modified: Wednesday, December 3, 2008 at 9:09 a.m. Several art shows and sales are planned this weekend in addition to opening receptions for artists at ...
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Storms rip through Anna Maria Island mobile home park
Oz Tuohy considered himself lucky even though a torrent of wind tore the roof off his mobile home this morning on Bradenton Beach.
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Fishing should improve now that front has passed
Published: Friday, November 28, 2008 at 1:00 a.m. Last Modified: Thursday, November 27, 2008 at 9:14 p.m. Hope your Thanksgiving turkey was tender and juicy and that you are enjoying the holidays.
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Briefs Island Real Estate opens second office
Island Real Estate of Anna Maria Island, Inc. is expanding and opening a new sales and leasing office at 401 Pine Ave.
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Just a thought ...
Fans of downtown Bradenton's farmers' market must be happy upon hearing that the Saturday morning tradition will return after a season's absence.
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Continuing Coverage: Woman Claims She Saw Missing Holmes Beach Hotel Owner at SRQ
Manatee County Sheriff's deputies are checking with Sarasota-Bradenton International Airport security.
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Boyfriend Questioned In Fire At Missing Woman's Motel
Within hours of a Sunday night fire that destroyed part of a motel owned by missing Holmes Beach resident Sabine Musil-Buehler, police questioned her boyfriend, William J. Cumber.
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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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