Orange City, 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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| Orange City, Florida News |
Woman Says Governments Flooded Property
Eyewitness News found a Volusia County home and horse stables still flooded five months after Tropical Storm Fay, but it wasn't an act of nature.
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Churches find need for safeguards against pedophiles
Area clergy contacted for this story said their churches take special steps to ensure the safety of children in their care, such as: Requiring prospective volunteers to attend a particular church regularly for ...
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New program for homeless instilling hope
Shiny paper and ribbon wrap large pictures in the Hernandez home like Christmas presents hanging on the walls.
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West Volusia Volunteers bring Christmas to life
BEACON PHOTO/MARSHA MCLAUGHLIN Busy spreading holiday cheer - Volunteers from the Marine Corps League of DeLand Detachment 1144, the City of DeLand, CVS, Riverside Bank and Wal-Mart came together to run a Toys ...
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I-4 bus service fare could rise $1.50
Officials with Votran -- Volusia County' public transit service -- have proposed to increase the Orange City-Orlando express service fare from $2 per trip to $3.50. The council will consider the proposal ...
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Cities strive to reduce Christmas decorating costs
'No Fail Zone' aims to help children succeed Humane society awaits vet's call on sanctuary pigs Public records for Dec.
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FL: Armed homeowner runs off burglars
"Two masked, armed men broke into an Orange City house but fled empty-handed after the homeowner went after them with his own handgun, officials said Friday.The 36-year-old husband and his wife, 37, whom ...
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Lack of funding strikes local chambers
Financially strapped governments have cut funding for everything from schools to social services to public works projects.
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News image
West Volusia's community newspaper of DeLand, Orange City, Deltona, DeBary, Lake Helen, DeLeon Springs, Glenwood, Pierson, Cassadaga, Seville and Barberville in Florida.
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Home Invasion Victim Shoots At Suspects Who Stole Safe
Bullets went flying in Deltona early Sunday morning, after the victim of a chaotic home invasion fought back, apparently shooting one of the suspect's in his groin as he fled the crime scene.
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DeBary, Orange City libraries schedule children's programs in January
The DeBary and Orange City public libraries will present a variety of programs in January to help toddlers and preschoolers develop an appreciation for reading.
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Sheriff's Office Investigates Home Invasion near Orange City
Thursday night, but were chased off by a resident who was also armed. The suspects never made any demands during their short stay.
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87-Year-Old Man Reported Missing from Orange City
The Volusia County Sheriff's Office is seeking the public's help in locating an 87-year-old man who left a residence in Orange City on Wednesday and hasn't been seen since.
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Area Episcopal leaders:no plans to join split
Anglicans know quite a bit about Puritans and separatists. After all, those movements in the Church of England helped create the colonies that became the United States.
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Hang up phone if lightning is close
Volusia County social-services aide Judy Figueroa was on the phone with a client when the lightning struck.
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Warrant issued for suspect in Osteen killing
Volusia County Sheriff's investigators issued an arrest warrant on first-degree murder charges for a 31-year-old man suspected in a fatal shooting at an Osteen gas station and convenience store Friday evening.
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Suspect sought in fatal Osteen shooting
A man in his 20s died Friday night after he was shot in the chest earlier at the Osteen Sunoco on State Road 415.
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Motorcycle Crash Kills 3 In Sumter
Three people died Saturday evening when a car swerved into their lane and collided with two motorcycles in Sumter County, the Florida Highway Patrol said.
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Register for adult winter softball league
It's time to get in the swing of things with Volusia County's adult winter softball leagues.
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Kids Sleep Through Home Invasion
Three children slept through a home invasion in Orange City in which three intruders carrying baseball bats struck their father before stealing prescription drugs and money, sheriff's deputies said.
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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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