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Panama City Beach, 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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| Panama City Beach, Florida News |
Changes from Panama City Beach Council
The first Panama City Beach Council meeting of the new year brings some changes.
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Bank robbers caught after truck flips across U.S. 231
Two men who led police on a chase across Bay County after robbing a Panama City Beach bank were captured just after noon, when the Ford F-150 pickup they were fleeing in flipped several times, crossing the ...
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Bay Point Fire
A Panama City Beach home goes up in flames early this morning. The fire broke out shortly after midnight on Marlin Circle in Bay Point.
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Suspects in Armed Robbery Identified
The two men that are suspected of robbing Peoplea TMs First Bank on Front Beach Road, Panama City Beach, have been identified.
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Developing Story: Panama City Beach Bank Robbery; High Speed Police Chase
There has been a bank robbery just before noon Tuesday at a Panama City Beach Bank, which led to more than a 35 mph police chase.
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Eighteen Yr. Old Arrested For Allegedly Shooting Victim in Head
On Wednesday, December 31, 2008 at approximately 11:29 p.m. the Panama City Police Department responded to a 911 call at the 1000 block of Spring Avenue in reference to someone accidentally shooting themselves ...
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Charges Filed For Panama City Russian Roulette Game
A Panama City Beach teenager is charged with manslaughter for his part in the New Year's Eve Russian Roulette game that claimed the life of a local man on his 21st birthday.
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Police charge man in New Year's Eve birthday shooting
Police arrested and charged a Panama City Beach man Friday in what had been described as an accidental, self-inflicted gunshot wound that killed a 21-year-old on his birthday.
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Beach Ball to drop at Pier Park's New Year's Eve bash
This is a view of the giant beach ball that drop at midnight at Pier Park. The ball is 6 feet in diameter and weighs about 800 pounds.
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New Year's Beach Ball Is in Place
New Year's Eve is tomorrow and preparations for parties are under way all over the world.
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Florida Authorities Look for Drunk Drivers on New Year's Eve
State and local law enforcement will be placing all available personnel on the road looking for impaired drivers.
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Officials to target drunk drivers over New Year's Eve
Those who imbibe and drive are cruising towards trouble, local law enforcement officials said Tuesday.
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Gov. Crist removes mosquito control commissioner
A commissioner for the South Walton Mosquito Control District who had been on suspension since last December has been removed from office.
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Dune project part of Beach strengthening
Erosion expert Lisa Armbruster scans the white sands along Panama City Beach and sees a series of sturdy dunes in her mind's eye that will anchor in place one of the area's most precious resources.
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Fewer Snowbirds in Panama City Beach
The number of winter visitors this year seems to be down. And as NewsChannel 7's Kristina Hamilton tells us the snowbirds she spoke to are blaming the recession for their friends being absent this year.
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Beach program caters to winter visitors
The Panama City Beach Convention & Visitors Bureau has launched its Winter Resident SunCard program.
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Panama City Price Increase on Towing
Drivers who break-down or who are involved in a wreck in Panama City will soon have to pay more for a tow.
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Jailed woman leaves behind dozens of animals
Bay County Animal Control's shelter Monday resembled a department store on Black Friday after receiving 28 dogs found abandoned when a 69-year-old Calhoun County woman was jailed for attempted armed robbery.
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P.C. Beach Police Taser Naked Woman
Panama City Beach Police say two officers tasered a naked woman covered in blood after responding to a complaint of a disturbance on Front Beach Road.
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P.C. towing rates poised to go up
Even though Panama City towing companies' rates have been lower than all other jurisdictions for several years, two commissioners have opposed raising the fee.
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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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