Newberry, 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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| Newberry, Florida News |
WCJB TV-20
Some quick thinking by a young teenage girl may have saved her life. A 13-year-old girl was waiting for her school bus Monday morning... when she says a man in a pickup truck tried to abduct her.
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Florida homebuilder wins tickets to inauguration
The Obama team has been soliciting donations to help pay for the inauguration, a celebration destined to completely overwhelm Washington.
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Second Person Dies Following New Year's Eve Newberry Shooting
A 64-year-old woman has died from a gunshot wound a day after she and a 35-year-old man were shot.
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Deputies: Mother, Son Killed In Murder-Suicide
A mother and son are dead after an apparent murder suicide Tuesday evening. Nancy Ann Calhoun, 64, and Jimmy Trueluck, 36, were found shot in their Newberry home by a family member.
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Murder-suicide is suspected in Newberry
Published: Friday, January 2, 2009 at 6:01 a.m. Last Modified: Thursday, January 1, 2009 at 7:44 p.m. A Newberry woman and her son are dead after a suspected murder-suicide. Alachua County sheriff's deputies ...
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Clock ticks for holiday donations to area charities
Published: Thursday, December 18, 2008 at 6:01 a.m. Last Modified: Wednesday, December 17, 2008 at 11:04 p.m. Donations of holiday-type food have been arriving pretty steadily these past couple of weeks at St.
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Pawn ticket leads to man s arrest
Published: Friday, December 19, 2008 at 6:01 a.m. Last Modified: Friday, December 19, 2008 at 1:32 a.m. A pawn ticket found on a Newberry man led to his arrest in connection with a kick-in burglary earlier in ...
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Railroad boarding house now a fine B&B in High Springs
I missed the 58th Annual Watermelon Festival in Newberry a couple of weeks ago, spending more time than I planned in the neighboring Alachua County town of High Springs.
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Tight Budget May Lead to Reassignment of Schools
With 13 schools under capacity in the greater Gainesville area, tight budgets could force some reassignments of students.
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Planning charrette starts Thursday
Published: Wednesday, December 10, 2008 at 8:12 a.m. Last Modified: Wednesday, December 10, 2008 at 8:12 a.m. Area residents will get their chance to help plan the northwest quadrant of the Oaks Mall Activity ...
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Outlying areas eyed for school growth
Published: Wednesday, November 26, 2008 at 6:01 a.m. Last Modified: Tuesday, November 25, 2008 at 11:52 p.m. Schools bursting with students may mean new elementary schools in Newberry, High Springs and the ...
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Recount ordered in District 11 House race
The state canvassing commission has ordered a recount for the District 11 Florida House of Representatives seat.
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Hitchcock's grocery stores sold
Published: Friday, October 31, 2008 at 8:24 p.m. Last Modified: Friday, October 31, 2008 at 8:24 p.m. Alachua-based Hitchcock's sold its 11-store grocery franchise to a Minnesota-based SuperValu franchisee ...
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Around the Region for Oct. 25
Published: Saturday, October 25, 2008 at 6:01 a.m. Last Modified: Saturday, October 25, 2008 at 12:48 a.m. POLICE BEAT Two men arrested in home invasion case Gilchrist County sheriff's deputies dispatched to an ...
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Ghouls only come out after dark at Newberry corn maze
Published: Thursday, October 23, 2008 at 6:01 a.m. Last Modified: Friday, October 24, 2008 at 2:12 a.m. October brings a few falling leaves and a few teasing cold fronts to Alachua County.
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Hurry up and wait for unemployment
Published: Thursday, October 23, 2008 at 6:01 a.m. Last Modified: Thursday, October 23, 2008 at 1:24 a.m. Ed Greenberg of Newberry said he has spent all his retirement savings and maxed out his credit while ...
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Around the Region for Oct. 16
Published: Wednesday, October 15, 2008 at 6:01 a.m. Last Modified: Thursday, October 16, 2008 at 1:37 a.m. POLICE BEAT Gainesville man faces benefits fraud charge Jonathan G. Mason of 3009 SW Archer Road was ...
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Around the Region for Oct. 14
Published: Monday, October 13, 2008 at 6:01 a.m. Last Modified: Tuesday, October 14, 2008 at 2:13 a.m. POLICE BEAT UF student fights off Century Tower attack A female student at the University of Florida told ...
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Motorcycle driver in serious condition after crash
Published: Monday, October 13, 2008 at 5:52 p.m. Last Modified: Monday, October 13, 2008 at 5:52 p.m. A Saturday afternoon crash that left a motorcyclist with serious injuries remained under investigation on ...
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'Enraptored': Wild bird event thrills nature buffs
Break-in at Cypress Station According to Lt. Evan Sullivan with the Levy County Sheriff's Office, the Sheriff's Office received a call on Sept.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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