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Shalimar, 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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Shalimar, Florida News
Okaloosa Co. Searching For Armed Robber A man dressed in black and armed with a black handgun robbed the S-Mart convenience store in Shalimar around 7 p.m. Wednesday evening.
Sherry Iva Jones Ash Sherry Iva Jones Ash died peacefully Sunday, January 4, 2009, at the age of 39 for the 42nd year.
Many candidates faced no opposition Mike Anderson will serve four more years as the mayor of Fort Walton Beach. Although each of the three Fort Walton Beach City Council seats up for grabs will be decided in the March 10 election, Anderson was ...
Qualifying begins for local elections Prospective candidates for elections in five cities in Okaloosa County can qualify this week for a place on the ballot.
The Year's Top Stories: No. 4 - Bad year for businesses For local businesses, 2008 was a year of changing landscapes and tough economic challenges.
Three arrested for stealing Santa Claus Police have arrested three men in the heist of a beloved 9-foot Santa Claus statue that was carted away on top of a Jeep in the dark of night.
Gambling charges dropped for $160,000 Local developer and former Beach Community Bank board member William "Todd" Schweizer managed recently to come up with the $161,500 he needed to avoid facing grand theft charges in Las Vegas.
Pat Rice: The issue even journalists rarely discuss I didn't know Okaloosa County Circuit Judge G. Robert Barron. I met him only once.
One arrested with stun gun after brawl A man brought a stun gun to an organized fight on 25th Street, sheriff's deputies say.
Mourners pay tribute to Judge Barron When Marlene Barron woke up Wednesday morning at 6 a.m., she asked her husband if he had slept.
Barron's cause of death final The medical examiner on Friday confirmed Okaloosa County Circuit Judge G. Robert Barron's official cause of death, a single self-inflicted gunshot wound to the head.
Fire commissioners vote for own salaries Ocean City-Wright fire commissioners voted Thursday to grant themselves salaries, despite some strife from taxpayers who think the job should remain unpaid.
Deputies: Judge Found Dead Dec. 3 a ' The Okaloosa County Sheriffa TMs office is conducting a death investigation at the intersection of 8th and Meigs Drive in Shalimar.
Road Closed While OCSO Conducts Death Investigation The Okaloosa County Sheriff's Office is investigating the death of Circuit Judge G. Robert Barron.
Empty Stocking: Move, medical issues make it tough on single mother In some ways, things have been looking up for Lynn and her two sons, 8 and 6 years old.
Thanksgiving no turkey for local grocers Michael Ashwood started his Thanksgiving grocery shopping Sunday morning. The Fort Walton Beach man did a little the next day and a little more Tuesday, when he bought the roasting pan to cook the turkey in.
Shalimar condo plans scrapped Condominium at Shalimar Bridge scrapped FORT WALTON BEACH - Plans for a high-rise condominium at the foot of the Shalimar Bridge have been scrapped, but a new development could take its place.
Santa's back! Christmas icon returned to owners The 9-foot resin Christmas icon that disappeared from the front porch of a home Friday night has been found.
Sansom sworn in State Rep. Ray Sansom is a designate no more. Call him Speaker Sansom. Sansom and Okaloosa County were the toasts of Tallahassee on Tuesday as friends, family and 100 fellow lawmakers witnessed the changing of ...
Fraud charges dismissed for insurance agent The U.S. government has dismissed its insurance fraud case against local agent Ashley Hunnicutt Barkocy.

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