Altha, 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.
Return to divorce buyout in the state of FL
| Altha, Florida News |
Navy SEALS sail into Blountstown High
BLOUNTSTOWN ---Youth met experience Tuesday in Blountstown when a trio of active and retired Navy SEALS spoke to students in the auditorium at Blountstown High School during 5th period.
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House burglars nabbed
Two men were arrested on Wednesday just a few streets down from the house they allegedly burglarized twice in one week.
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Altha senior Chew says little; his lifts say plenty
Gary Chew is an athlete of few words. Ask him what he would say to youngsters considering boys' weightlifting at Altha High, and the Tallahassee Democrat 2008 All-Big Bend Weightlifter of the Year responds: 'It ...
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Calhoun County High School Consolidation
People are still reacting to yesterday's surprise move by the Calhoun County School Board to scrap a three-year-old high school consolidation plan.
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No Decision in Calhoun County
There's still no decision on where the new Calhoun County High School will be built. via WMBB-TV Panama City
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Horse Cruelty Charges
An Altha man is in jail accused of neglecting a number of animals, including horses. via WJHG-TV Panama City
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2 fires in Calhoun County; arson arrest in one
"Officer Strawn participated in this negotiation and may have initiated it; however, it was ended when family members interrupted." Two Calhoun County homes were heavily damaged by fire late Wednesday night, including a trailer on Northwest Willow Bend Road in Altha where Lisa Vaughn lived until recently. via Jackson County Floridan
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Woman enlists attorney in wake of accused Calhoun officer's firing, arrest
"Officer Strawn participated in this negotiation and may have initiated it; however, it was ended when family members interrupted." An attorney is now advising the woman who appeared in a videotape which had a role in the firing and subsequent arrest of former Calhoun County correctional officer William "Billy" Strawn. via Jackson County Floridan
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Deputy Misconduct Investigation
"Officer Strawn participated in this negotiation and may have initiated it, however, it was ended when family members interrupted." Calhoun County Sheriff David Tatum said it could take several days or weeks to interview all the former or current female inmates that had contact with former correctional officer William "Billy" Strawn. via WMBB-TV Panama City
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Calhoun Corrections Officer Arrested
"Officer Strawn participated in this negotiation and may have initiated it, however, it was ended when family members interrupted." A Calhoun County correctional officer was fired from his post and jailed Friday evening on charges of bribery and solicitation of prostitution. via WMBB-TV Panama City
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Correctional Officer Jail on Bribery and Sex Charges
A Correctional Officer from the Calhoun County Jail in Blountstown, who negotiated sexual favors from a woman for privileges for her husband who was in jail, has been fired just moments after the alleged ... via WJHG-TV Panama City
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Altha senior weightlifter Chew confident, but not content just yet
"My first goal is to win a state championship rather than break the record" For Altha High School, this is it: state championships and weightlifting. Gary Chew, a senior, knows this as well as anybody. via Tallahassee.com
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Water projects targeted by Calhoun, Liberty counties.
"It is crucial for this hospital to remain open." Calhoun and Liberty counties have requested $10.5 million from the state to pay for five projects. via Tallahassee.com
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Rain Water Unearths Casket
A flood's fury knows no boundries and that's never been more true than Friday. The Calhoun County Sheriff's Office was surprised to receive several phone calls about a floating casket. via WMBB-TV Panama City
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No injuries reported in 431 accident
An accident involving a 2007 Toyota Avalon and a semi truck had southbound traffic on U.S. 431 backed up Wednesday night. via Eufaula Tribune
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Motorcyclist Dies in Crash
One person is dead after a motorcycle crash in Calhoun County. The Florida Highway Patrol says it happened around 2:30 on highway 286, about a mile east of Ocheesy Landing in Altha. via WMBB-TV Panama City
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Calhoun County Passes 1/2 Cent Sales Tax
Calhoun residents will soon see additional fees when they buy something in the county. via WMBB-TV Panama City
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LCSO worker files to run against Sheriff Campbell
"If he's not accessible to employees, voters and citizens, then I feel like a change needs to be made" A Leon County Sheriff's Office worker has filed to run against his boss, Sheriff Larry Campbell. via Tallahassee Democrat
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Future Calhoun School Site Being Determined
Plans are taking shape for a new high school in Calhoun County. In October, the Calhoun County School Board voted to consolidate Blountstown and Altha High Schools. via WMBB-TV Panama City
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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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