Alachua, FL Divorce Buyout in Florida
Since 1979 Somerset Mortgage Lenders 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.
Return to divorce buyout in the state of FL
| Alachua, Florida News |
Alachua Deputy Arrested For DUI
Authorities said an Alachua County sheriff's deputy has been charged with driving under the influence in Gainesville.
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Heart of the river
Published: Wednesday, September 3, 2008 at 6:01 a.m. Last Modified: Thursday, September 4, 2008 at 1:34 a.m. An Alachua Conservation Trust plan to preserve nearly a mile of Santa Fe River shoreline deserves ...
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Severe lightning hits area
Published: Thursday, August 28, 2008 at 9:46 p.m. Last Modified: Thursday, August 28, 2008 at 9:46 p.m. A "significant weather alert" has been issued for central Alachua County for excessive lightning until 10 ...
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County rural vote can't carry Bryant
Published: Wednesday, August 27, 2008 at 6:01 a.m. Last Modified: Thursday, August 28, 2008 at 2:09 a.m. Rick Bryant was counting on the rural vote in his bid to unseat Mike Byerly from the Alachua County ...
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Alachua County teen injured while fishing
An 18-year-old who was fishing with his father and brother near the south Skyway fishing pier was found unresponsive face down in the water this morning.
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Former Adoption Official Accused Of Defrauding Parents
The former director of Adoption by Choice defrauded dozens of adoptive parents, overcharging them for unnecessary birthmother medical and living expenses, according to the Florida Department of Law Enforcement.
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Fay to Cause Local Flooding
We haven't seen the end of Tropical Storm Fay just yet ... The Santa Fe River may begin to flood areas north and west of Alachua due to the storm.
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NWS Jax - Tropical Storm Fay Local Statement
THIS POSITION IS ABOUT 160 MILES SOUTH-SOUTHEAST OF MAYPORT FLORIDA. FAY IS MOVING TOWARD THE NORTH NEAR 5 MPH AND THIS MOTION IS EXPECTED TO CONTINUE TODAY.
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Water overtakes St. Augustine bayfront
Tropical Storm Fay, which never became a hurricane but dropped a historic amount of rain over parts of Florida, made its third landfall in the state Thursday afternoon.
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Accident has stopped all traffic on I-75
Published: Friday, August 22, 2008 at 10:05 p.m. Last Modified: Friday, August 22, 2008 at 10:05 p.m. All southbound traffic on Interstate 75 is being detoured off the highway north of mile marker 403, which is ...
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Flood Warning from the National Weather Service
THE NATIONAL WEATHER SERVICE IN JACKSONVILLE FL HAS ISSUED A FLOOD WARNING FOR THE FOLLOWING RIVERS IN FLORIDA... SANTA FE RIVER AT FORT WHITE AFFECTING ALACHUA...BRADFORD... COLUMBIA...GILCHRIST...SUWANNEE AND ...
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Alachua under tropical storm watch
Published: Wednesday, August 20, 2008 at 8:11 a.m. Last Modified: Wednesday, August 20, 2008 at 8:11 a.m. Alachua County remained under a tropical storm watch Wednesday with forecasters expecting Tropical Storm ...
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Voice of the Voters: County Commission
Published: Saturday, August 16, 2008 at 8:46 p.m. Last Modified: Saturday, August 16, 2008 at 8:46 p.m. WE CAN'T LOSE BYERLY Alachua County cannot afford to lose the knowledge and experienced leadership of Mike ...
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McAlpin woman dies in scooter crash
Fifty-one year old Cheryl Everly was killed when the 2007 JMStar motor scooter she was driving struck a 2003 Dodge minivan driven by Scott Delaney, 32, of Alachua, according to reports from the High Springs ...
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A healthy home
Meridian Behavioral Healthcare needs acreage to build housing for children with mental health or drug addiction problems, Sr.
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Motorcyclist dies after being hit by minivan
Published: Sunday, August 10, 2008 at 10:31 p.m. Last Modified: Sunday, August 10, 2008 at 10:31 p.m. A motorcyclist died in High Springs Sunday night after being hit by a minivan driven by a family on its way ...
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Lake Region gets ready to go back to school
Now, they can share a laugh and a quiet moment at the school office. But in two weeks, Assistant Principal Sherri Siebert, left and Principal Montez Wynn will be welcoming kids back to school and it all starts ...
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County votes no on contract with city fire coalition
Alachua County commissioners will try to negotiate a continuation of fire contracts with the small cities for 2009 while also trying to forge a future pact with a single consortium of the cities.
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Juvenile Crime Decreasing
Crime is sky high is some places, but juvenile crime in Florida is not on the rise.
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Florida Farm Bureau to host water concerns meeting in Palatka
Florida Farm Bureau, the state's largest general agricultural organization, will host a meet and greet session to allow Farm Bureau members, as well as the general public, an opportunity to get to know Cara ...
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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