Oakland, 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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| Oakland, Florida News |
1,300 miles on a bike means $1,300 for rescued pets
Sherry McMahon biked the equivalent of a road trip from Central Florida to Boston in 2008 in an effort to raise funds for A Better Life - Pet Rescue.
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2008 offered challenges to local municipalities
The four local municipalities in West Orange County had to deal with decreased revenues and increased demand for services and need for projects in 2008.
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Oakland PD adjusting to economy downturn
Tim Driscoll is operating on a 14 percent smaller budget than last year, yet he still has the responsibility of protecting the citizens of Oakland as chief of police in the town.
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ZIP glitch puts Oakland in pinch
Oakland has no problem with 34760; it's those newer addresses with the 34787 ZIP code that are causing the town to lose revenue.
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Christmas parades in Winter Garden and Ocoee are Saturday
The big kickoff to Christmas in Winter Garden and Ocoee takes place this Saturday when the two cities host their annual Christmas parades.
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Reading Reindeer continues serving local children in need
The books are coming in, but Reading Reindeer still needs your help to meet its goal of 2,000 books and $6,000 to purchase new copies of Dr.
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Oakland extends lease for charter school pre-K
Parents in West Orange County will have the option of signing up for the Voluntary Pre-Kindergarten program at Oakland Avenue Charter School for at least three more years since the Oakland Town Commission ...
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One dead, one injured in Turnpike crash
A crash on Florida's Turnpike north of Oakland Monday injured one person and killed another, the Florida Highway Patrol said.
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Leadership class graduates
The West Orange Chamber of Commerce's 2008 Leadership Class completed its course by working a day at Oakland Nature Preserve as a community service project.
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Some Oakland water violators due refund
The town of Oakland has admitted to making a procedural error and is issuing refunds to 60 residents who were issued citations for water violations in 2008.
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Oakland chief compares this year's crimes to '07
Overall crime is down in Oakland this year, Police Chief Tim Driscoll told the Town Commission at its regular meeting last week.
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Oakland planning ahead for pipe, road projects along 50
When the state's transportation department begins its massive State Road 50 widening project next March, it will have a major impact on businesses, residents and drivers in West Orange County.
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Oakland updating regulations for
Debris in the yards. Boats stored on vacant lots. Abandoned vehicles that are eyesores.
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ESA Welcomes Game Pirate Jail Sentences
Kevin Fuchs of West Amherst, NY, and Kifah Maswadi of Oakland, FL, were sentenced to eight and 15 months in prison, respectively, this summer.
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Media firms create shared HQ in Winter Garden
Two film and entertainment companies are teaming up to build a new 10,000-square-foot, $1.2 million headquarters in downtown Winter Garden that's expected to enhance in-house partnerships and productivity.
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ESA Applauds Prison Sentences for New York and Florida Game Pirates
These rulings send a clear message that intellectual property theft and game piracy are serious offenses.
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Oakland teen-ager coping with paralysis after car accident
The vibrant Oakland teen-ager had just graduated from West Orange High School and was ready to start classes at Valencia Community College.
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Pirated games businessman jailed for 15 months
A man who set up a business selling pirated games on consoles has been jailed for 15 months and fined $415,900. Kifah Maswadi, age 24, of Oakland, Florida, had been selling a handheld gaming console called ...
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Oakland eyes unique ways to trim costs
The ideas might not be conventional for a town working on its next fiscal-year budget, but, then again, Oakland has a history of getting creative when a problem needs to be solved.
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Nintendo Game Pirate Walks The Plank
A 24-year-old man from Oakland, Florida has received 15 months in prison and a $415,000 fine for selling those all-in-one Nintendo Entertainment System knockoffs, reports GamePolitics.
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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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