Anna Maria, 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
| Anna Maria, Florida News |
Taps run dry in Anna Maria
Residents face yet another water shut-off today as crews rush to complete a county water main installation that should have been done a month ago.
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Anna Maria Island: A Bit of Old Florida
These days, it's getting harder and harder to find a taste of old Florida. Miami is a perennial favorite for the glitz and nightlife, and the Palm Beach social scene can't be beat, but if you're looking for an ...
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Islanders report they're bridging the gap
Five days after the Anna Maria Island Bridge closed for repairs, shops, restaurants and commuters reported mixed traffic and business experiences.
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Students in spotlight
Published: Thursday, October 2, 2008 at 1:00 a.m. Last Modified: Wednesday, October 1, 2008 at 12:50 p.m. Third-generation Floridian Jean Blackburn is a beacon of the local fine arts community; she has taught ...
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Tampa, St. Petersburg, Clearwater
At Mr. Bones restaurant, waitress Carolynn Johns is getting ready for what she hopes will be a good lunch crowd, but she's not really sure what to expect.
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AMI Bridge closure FAQ
How will traffic be affected during the bridge closure? Traffic will be heavy along detour routes so plan for delays and congestion on 75th Street West, Cortez Road West and Gulf Drive.
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Man reports robbery by two masked men
A Bradenton man reported he was watching TV shortly after midnight Sunday morning when two men burst into his home and robbed him.
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Birds are diving so kingfish have arrived
Published: Friday, September 26, 2008 at 1:00 a.m. Last Modified: Thursday, September 25, 2008 at 11:20 p.m. Don't tell anyone, but the kingfish are here.
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Small span to close for repairs
It seems Anna Maria Island has been consumed by bridge repairs lately. As the island gears up for the Anna Maria Bridge closure, first a small bridge on Bay Boulevard at the north end of Anna Maria must close ...
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Ribbon-cutting ceremony planned for Pine Avenue Restoration Project
A ribbon-cutting ceremony is slated next week for the start of construction on the first two buildings in the Pine Avenue Restoration Project, a development designed to foster the beach community's small ...
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MCAT hopes bus services eases bridge work
Manatee County Area Transit will boost service from the mainland to Anna Maria Island when the bridge on Manatee Avenue West closes at the end of the month.
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Some Locals Worried About AMI Bridge Closing
The Anna Maria Island bridge closes to all vehicle traffic for 45 days beginning on September 29th, but already, local businesses are starting to worry.
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$147 million coming for county schools
The Florida Department of Education announced Wednesday it will distribute $147 million to schools for their FCAT results.
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Crash on Duette Road this morning causes problems
There were no injuries, according to a Florida Highway Patrol report. Several road construction and repair projects, however, are scheduled for this week.
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Merchants plan 30 events, Bridging the Gap to draw people out to the island during bridge renovations
Beach businesses, arts groups and community organizations have combined to sponsor more than 30 events slated for this fall in an effort to draw people out to the gulf islands while the Anna Maria Island Bridge ...
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Surfers ply big waves, but lifeguard worries about waders
Three surfers skimmed the breakwater this morning under rainy skies, but it wasn't the savvy beach kids who a lifeguard was worried about as the outer edge of Hurricane Ike brushed Anna Maria Island.
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Hit-and-run crash reported on Whitfield Ave.
There were no injuries or road blockages, according to the Florida Highway Patrol.
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CROSSROADS: A biking solution to travel woes?
High gas prices, the push to go green and a desire to get fit are leading many people to strap on helmets and straddle a bicycle to commute to work.
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Cell Tower Memorial Sparks Controversy
A flag flap is developing on Florida's Anna Maria island. A proposal to honor veterans with a memorial and an American flag atop a disguised cell phone tower is drawing flack from at least one veteran.
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Corrections / Clarifications
Published: Thursday, September 4, 2008 at 9:10 a.m. Last Modified: Thursday, September 4, 2008 at 9:21 a.m. Correction An item in Monday's Business Weekly gave an incorrect prize amount for a scavenger hunt ...
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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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