Apalachicola, 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
| Apalachicola, Florida News |
Apalachicola Dedicates Lafayette Park Pier
Proud of its top-down construction that spared the fragile sea grasses nearby, Apalachicola dedicated the newly reconstructed Lafayette Park Fishing Pier Thursday afternoon.
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TDC Awards Grants to Local Festivals
County Commissioners on Tuesday approved a whole list of festivals and events that will be funded through the county's Tourist development tax over the next fiscal year.
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Juanita McKenna's Centennial Birthday
On Monday, Juanita McKenna of Apalachicola turned 100 years old. McKenna, who was born in Atlanta and raised in Mobile, AL, said she has lived all over the place, but many of her homes have been along the Gulf ...
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Gustav to bring Hazardous Beach Conditions
The National Weather Service in Tallahassee issued a Tropical Storm Warning at 6:30 a.m. today for the Panhandle, including coastal Walton, Bay, Gulf and Franklin counties.
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Clerk of Courts - Your Public Trustee
Q. Can you explain the notice I recently received regarding my proposed property taxes and how the Value Adjustment Board figures into this? A. That notice you received is called a TRIM notice, and it's not ...
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Two Apalachicola Waterfront Sites to be Dedicated
Two important Apalachicola waterfront sites will have their day in the sun Thursday afternoon.
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Gainesville Rockers Pay Tribute to Forgotten Coast
Charles Ray of Gainesville's 1960s-revival rock band "Charles Ray & The Righteous Kind" is a big fan of the Forgotten Coast; so much so that the band's debut album, 'Some Are of Love,' features Forgotten Coast ...
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Storms Are Exciting at Center of the Universe
Along with everybody else around here, I tracked Faye's course for a week. I have a lifetime of watching and experiencing hurricanes and tropical storms.
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A Master Craftsman
In his life, Albert "Corky" Richards built oyster tongs, furniture for million dollar homes and everything in between.
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FSU To Host Big Bend Birding Weekend
The snowy egret will be among the beautiful area wildlife to be viewed during the first Big Bend Birding Weekend, sponsored by the Florida State University Coastal and Marine Lab, and scheduled for Friday and ...
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Big Bend, Walton, inland counties prepare for Fay
In what might be considered a preview for neighboring counties, Franklin County began to see the effects of Tropical Storm Fay around 7 p.m. EDT Friday, with feeder bands bringing increasing rain and wind.
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Fay's Rains Miss County
Tropical Storm Fay spared Franklin County damage from flooding and wind Friday night, and as of Saturday afternoon, much less rain fell than originally forecast.
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New Faces Attend Philaco Membership Fete
About 50 Franklin County women assembled at the home of Elaine Kozlowsky for the annual Philaco membership tea on Sunday afternoon.
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Fay threatening Gulf cities
Quad Citians witness Obama-Biden rally in Springfield Associated Press - August 23, 2008 7:13 PM ET APALACHICOLA, Fla.
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Progress Energy Grilled on Transmission Lines
County commissioners and representatives of Progress Energy squared off for a fight at a public hearing held in Apalachicola Aug.
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New School Era Dawns
On a sunny day that will go down in the Franklin County record books, more than 1,000 students from all parts of the county streamed onto the campus of the new consolidated school Monday.
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Tropical Storm not done yet, threatens Gulf cities
APALACHICOLA, Fla. _ Fay just won't quit. The tropical storm that set a record with four landfalls in Florida chugged west across the Gulf Coast on Saturday and cities from Pensacola to New Orleans prepared for ...
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Strong Storm Severs St. George Island Power
On Wednesday, Aug. 13, wave after wave of storms swept across the Panhandle dumping four inches of rain on drought stricken Franklin County and battering coastal towns.
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Tropical Storm Fay Advisory Number 30
A TROPICAL STORM WARNING IS NOW IN EFFECT FOR THE NORTHEASTERN GULF COAST FROM SUWANEE RIVER FLORIDA WESTWARD TO THE MISSISSIPPI/ALABAMA BORDER.
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Six Florida deaths blamed on storm Fay
Tropical Storm Fay was blamed on Friday for seven deaths in Florida as forecasters warned that its torrential rains threatened a large swath of the southeastern United States with flooding over the weekend.
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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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