Ochopee, 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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| Ochopee, Florida News |
U.S. 41 in eastern Collier back open after crash
By Naples Daily News staff report Originally published 02:12 p.m., December 20, 2008 Updated 03:23 p.m., December 20, 2008 NAPLES - One lane of U.S. 41 East in eastern Collier County was closed for part of this ...
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Don Juan the wayward Florida panther has new home
Don Juan the Florida panther is seen at his new home at Homosassa Springs Wildlife State Park.
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Collier buys Port of the Islands marina
See map of Port of the Islands Marina NAPLES - Collier County will buy a working marina on the edge of the Everglades - minus the boat slips.
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Developing Story: U.S. 41 Shutdown
U.S. 41 is shutdown in Ochopee at the intersection with Eleven Mile Road. Florida Highway Patrol troopers are conducting the investigation into the crash.
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History: An Everglades legend lost
Clyde and Niki Butcher were so sympathetic to the plight of Carol Moseman, a popular Everglades City figure, that they donated two valuable pictures for a raffle to raise funds for her medical expenses.
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Collier to consider two multi-million dollar land purchases
Another county marina and about 2,500 acres of Conservation Collier land for preservation should benefit tourists, but cost the county about $38.7 million.
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FHP: Man dead after crashing at 119 miles per hour
The Florida Highway Patrol tells WINK News Wilfredo Sabino Marquez Neyra, 44, of Miami died when he crashed his truck while driving at an estimated speed of 119 miles per hour.
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US-41 at Eleven mile road shut down in Ochopee
COLLIER COUNTY : A fatal crash shut down US-41 at Eleven mile road. There are no details about the accident at this time.
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Youth get taste of hardwork in Bonita fest
Restaurants from Bonita, Naples and Estero will be offering smaller food samples at a lower cost.
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Lack of money forces Collier commissioners to make tough choices
Every Collier County resident and commissioner has his or her priorities. But lack of money this year may delay some of those projects, including promised plans, such as landscaping or new fire districts.
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Combining Collier fire districts could take at least two years
County commissioners on Tuesday decided that steps leading up to drafting the necessary special act are appropriate, as is hiring a consultant to grease the process.
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Panther's afterlife serves as FWC educational tool
A preserved panther named Ranger is unveiled by the Florida Fish and Wildlife Conservation Commission Monday at the Naples FWC Field Office just north of Marco Island.
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Tornado warning issued for southern Collier
Originally published 8:53 a.m., Tuesday, September 9, 2008 Updated 8:56 a.m., Tuesday, September 9, 2008 The National Weather Service in Miami has issued a tornado warning for southeastern Collier County and ...
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Tornado Warning: NWS issues new tornado warning for Marco, East Naples until
Originally published 8:53 a.m., Tuesday, September 9, 2008 Updated 10:03 a.m., Tuesday, September 9, 2008 The National Weather Service in Miami has issued a tornado warning for southwestern Collier County - ...
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Collier fire chiefs to take consolidation idea to elected leaders
The next step to fire district consolidation in Collier County is in the hands of elected officials.
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Skunk Ape "Expert" Checks In
Administrator on August 15th, 2008 Campground owner and festival organizer David Shealy greeted festivalgoers from near and far at the main gate, but the Skunk Ape was a no-show at David Shealy's Skunk Ape ...
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What Collier residents are bound to pay in taxes
Doing more with less will be the battle cry of Collier County officials during this budget season.
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What Collier residents are bound to pay in taxes
Doing more with less will be the battle cry of Collier County officials during this budget season.
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Laid-back Everglades City celebrates Fourth on the sixth
Photo from the opening ceremony of the Independence Day Celebration in Everglades City on Sunday, July 6. The Sons of Confederate Veterans started it with a blast from their cannon, after which Mayor Sammy ...
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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