North Port, 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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| North Port, Florida News |
North Port city manager applies for Coral Gables job
City Manager Steve Crowell is on the list of candidates for the top executive job in Coral Gables, a city of 42,000 south of Miami.
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Arrest made in purse snatching case
CHARLOTTE COUNTY: Charlotte County deputies arrested a North Port man in connection to a purse snatching in which the victim, an 81-year-old woman, was left with a broken hip.
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Bingo celebration is a big bust
Dozens of bingo lovers bought advanced tickets for a New Year's Eve bingo party in Charlotte County only to be locked out.
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Lee County deputy in clear for shooting felon in North Port
State prosecutors say the Dec. 4 shooting of a fleeing armed robbery suspect in North Port was justified, and the Lee County deputy involved will not face charges.
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LeeCorp opens North Port branch
STAFF PHOTO / JENNA ISAACSON Carol Brewer and Phillip Lee with LeeCorp Homes, at the custom manufactured housing company's North Port office.
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Husband, new father remembered
A husband and brand new father was killed in a car crash hours after his little girl was born.
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New Year's closings
Sun offices The Sun business offices will be closed Thursday for New Year's Day, except for circulation calls between 7 a.m. and 10 a.m. They will be open regular hours Friday.
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Golfer was loved by many
NORTH PORT a ' After working 80 hours per week, teaching golf twice a week in Fort Myers, doing research for completing his master's degree and not taking a day off as the general manager of Bobcat Trail for ...
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What if we simply decide to be optimistic in 2009?
Published: Friday, December 26, 2008 at 1:00 a.m. Last Modified: Wednesday, December 24, 2008 at 3:20 p.m. At a holiday gathering recently one friend said what a lot of people are feeling these days.
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Rescission Of Precautionary Boil Water Notice in Port St. Joe
The Public , Public Works Department for the City of Port St. Joe has announced that the Water Boil Safety Notice that took effect on December 24th has been rescinded.
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Roberson relishes new role
Florida Rep. Ken Roberson's newly-inherited $2 billion problem is a predicament he played no part in.
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Officer reportedly attacked by dog owner
NORTH PORT a ' Police officer Floyd Davidson was injured Tuesday night, reportedly by an intoxicated homeowner while responding to an animal complaint.
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Sarasota Cops Release Weekend DUI Checkpoint Results
Sarasota County Sherifff's deputies have released the results of a weekend DUI checkpoint.
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Family offers music with a double message
Published: Thursday, December 18, 2008 at 1:00 a.m. Last Modified: Wednesday, December 17, 2008 at 1:50 p.m. There's a bit of a problem, Annie Wolaver said, with trying to spread the word of God through ...
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U-turn blamed for crash
Three women escaped with minor injuries after a driver went wide on a U-turn and caused another car to skid off the road into the side of the Phillippi Creek Village Restaurant and Oyster Bar, authorities say.
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New North Port Elementary gets principal
The school district has named Kirk Hutchinson as the principal of a new elementary school going up in North Port.
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Pair accused of stealing packed trailer
NORTH PORT a ' A man and a woman were charged with grand theft auto after being arrested at 7:38 p.m. Sunday while backing a stolen trailer into the owner's driveway.
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I-75 Crash Leaves Woman Dead, Splits Car In Two
A 23-year-old woman died in a hospital Saturday night from injuries she received in a single-car wreck early that morning on Interstate 75 in Sarasota County.
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Motorcyclist Killed In Sarasota
A 72-year-old motorcyclist was killed when he ran a red light and collided with a truck, the Florida Highway Patrol said.
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Sarasota DEC Election
Sarasota County DEC members gathered on Friday night to elect new officers. This occurs every four years during the Presidential election cycle.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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