Alford, 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
| Alford, Florida News |
Multi-agency police efforts result in 32 arrests
A four-month investigation by the Chipley Police Department, Florida Department of Law Enforcement, Florida Highway Patrol and the Jackson County Drug Task Force paid off with 32 arrests, announced at a news ...
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Report: Truck passenger left scene of fatal accident
Herman Walker was not alone in his tractor-trailer July 11 when it struck another vehicle and killed a father of two and left a 9-year-old girl clinging to life.
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Chipley Drug Arrests
The following was released Monday by the Chipley Police Department: PRESS RELEASE The Chipley Police Department reports several drug arrest made recently.
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New Schedules for Jackson County Sheriffs Employees
The high cost of fuel has led to some significant schedule changes at the Jackson County Sheriff's Office which will become effective tomorrow.
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19-Year-Old Dies in Motorcycle Accident
A 19-year-old is dead after hitting a fence just south of Chipley in Washington County around 3:30 this afternoon.
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Fire destroys Cottondale Home
A fire Monday night destroyed a single-family home in Cottondale. "Basically, when we arrived it was fully involved," said Jackson County Fire Rescue Chief Tony Wesley.
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The Jackson County Sheriff's Office reported two arrests Friday in separate and unrelated burglary cases.
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Burglaries Reported in Jackson County
A Marianna man is in custody, after authorities say he confessed to stealing items from someone else's home.
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Young boaters missing in Choctawhatchee Bay; one body recovered
The body of a young boater missing in Choctawhatchee Bay since Sunday has been found.
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Toll road talk turns to Jackson County
Jackson County Development Council's executive director says a proposed toll road from Montgomery, Ala., to U.S. 98 can only bring benefits to the local community.
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Palm Beach County metro report
During the weekend, police arrested a Dania Beach man who allegedly stopped his car on Palmetto Park Road and Northeast Wavecrest Way, watched two young women walk in front of the car, then was spotted ...
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Bay County Teacher Honored for Saving Teen's Life
On New Year's Eve, 19-year old Alex Poole was driving northbound along Highway 231 between Alford and Round Lake.
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Jackson County Approved for Millions
Jackson County may be getting more than expected after hearing about the Legislature's desperate struggle with declining revenue in the amount of $6 billion. via WMBB-TV Panama City
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Jackson County Horse Encephalitis Case
"If you don't give them the shot, it's probable a 50 percent chance they'll get it." News of a horse encephalitis case has many animals' owners on edge. Several animals die each year from the illness, but it's uncommon for it to happen this early in the mosquito season, and that could mean ... via WJHG-TV Panama City
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Copper Theft Arrest
One of the three men arrested last week in the theft of some four-wheelers near Alford now stands accused of stealing copper wiring in Marianna. via WMBB-TV Panama City
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Jackson County Copper Thefts
"Two people were inside the building cutting up and packing up copper wire, the officers got back up, responded in." It isn't uncommon for companies to get broken into, but usually when that happens the items stolen is the merchandise for sale. via WJHG-TV Panama City
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Sting nets three suspects in theft case
A "sting" operation by the Jackson County Sheriff's Office netted three men suspected of stealing some four-wheelers from the Alford area a few days ago. via Jackson County Floridan
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Former City of Marianna employee arrested for stealing from city
A former employee of the City of Marianna was arrested for stealing about $7,000 worth of city property. via Jackson County Floridan
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Wanted Jackson County man arrested in Texas
A Jackson County man who deputies say had been sneaking off with construction equipment and hiding it on his large parcels of land has been arrested. via Tallahassee.com
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Bikers enjoying city's newest loop
"Having a professional trail design company in the long run is worth a lot" The first segment of a series of trails that off-road enthusiasts hope will make Tallahassee a destination for cyclists is now open for business. via Tallahassee.com
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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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