Ocoee, 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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| Ocoee, Florida News |
Graphic Video Shows Good Samaritan Fatally Shooting Man
Graphic video showing a man fatally shooting another man who was allegedly attacking an Ocoee store clerk was released Wednesday by authorities.
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More suspects sought in fatal Ocoee store robbery
Ocoee police are now looking for two people who may be connected to the armed robbery that left a crook dead late Monday night.
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2 More Suspects Possibly Involved In Ocoee Robbery
Police are searching for two new suspects in a robbery at an Ocoee convenience store where a customer killed a suspected robber.
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Customer Fatally Shoots Bottle-Wielding Robber
A convenience store customer in Ocoee turned the tables on a suspected robber Monday night.
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Man Shoots, Kills Suspected Armed Robber Inside Store
A good samaritan shot and killed an armed robber during an attack on a clerk at a convenience store late Monday night.
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Plant Street fixture moves to Highway 50
The brick two-story building in downtown Winter Garden has been a Pounds business as long as most people around here can remember.
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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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Senior defends wife from home invaders
A 91-year-old man says he used a 38-caliber revolver to scare off two home invaders who had threatened his wife in their home near Ocoee, Fla.
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Double Shooting Leads To Police Chase
Orange County officials said three men were being questioned and two others are being treated at a hospital after an early morning shooting led to a police chase.
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Ocoee man, 91, shoots at, repels home invaders who threatened his wife
Charles 'Johnny' Johnson, 91, vowed many decades ago to protect his wife, Berlie Mae, 90.
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Fire Claims Home, Gifts, Dog
The state fire marshal's office is investigating a fire that broke out at an Ocoee home on Circle Key Drive at about 2:45 a.m. Thursday.
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City's food drive is feeding the hungry
The donations have been mounting for the city of Ocoee's newly established food drive for those needing help during this national economic downturn.
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More patients unable to pay hospital bills
The amount of free hospital care provided to needy patients locally skyrocketed by 41.6 percent in the past three years, from a combined $431.1 million in 2005 to a whopping $610.4 million in 2007, the most ...
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Mixed-use office park to be built in Ocoee
A development group wants to build a $26 million-$30 million, 120,000-square-foot, mixed-use office park in Ocoee.
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Even John Lennon will be at Between The Trees
Hailing from Ocoee is the upbeat vibes of Between the Trees, a band with more than just a good sound to sing along to.
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Sysco files 13 lawsuits vs. restaurants in November-December
Sysco Food Services of Central Florida Inc. in November and early December filed individual lawsuits against 13 restaurant companies in Orange County Circuit Court, claiming they owe a total of $202,370, plus ...
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Reading Reindeer to host events, book signings Saturday at W.G. Village
As a grand finale to its seven-week drive to collect books for needy children, Reading Reindeer is sponsoring several literacy events this Saturday, Dec.
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Board Revokes License of Nurse Accused of Assault
Published: Friday, December 5, 2008 at 4:40 p.m. Last Modified: Friday, December 5, 2008 at 4:42 p.m. LAKELAND The Florida Board of Nursing permanently revoked registered nurse Kevin Laing's state license ...
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Another light turnout to discuss Orange County school start time swap
Just like the meeting Rick Roach held Monday night at Boone High School, the crowd is much smaller here to oppose the school time flip in Orange County Schools.
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Another Orange Co. city considers red-light cameras
Apopka took the plunge first, and then Orlando jumped on board. Now Ocoee is taking up a red-light camera ordinance.
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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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