Arcadia, 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
| Arcadia, Florida News |
Ice cream store has grand opening
The Hot Fudge Shoppe, long a downtown Arcadia landmark, celebrates its grand opening this weekend in its new quarters.
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Manatee's transportation history
Before mid-1500s: Before the arrival of the European explorers, the native residents use the Manatee River and a network of trails to travel throughout Manatee County.
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Bar, ATV track proposed for Arcadia
DeSoto County Commissioners will consider an application by James O'Leary to operate a bar and an ATV dirt track at the site of Spurs and Spokes on U.S. Highway 17 near County Road 760.
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Fay's stormwaters making up for drought
At the Canoe Outpost on the Peace River in Arcadia, staffers have their own gauge to determine when the river reaches flood stage.
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Flood warning issued for the Peace River in Arcadia
DESOTO COUNTY : Residents along the banks of the Peace River are keeping a close eye on the water levels, which are expected to rise this weekend.
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Peace River may flood in Arcadia
DESOTO COUNTY : The torrential rains from Tropical Storm Fay are making residents who live along the Peace River in Arcadia nervous.
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Highway's grass greener for commission candidate's goats
Apparently, the grass is greener on the other side of the fence - or so goats belonging to a potential county commissioner seem to think.
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Plane crash kills 72-year-old pilot
DESOTO COUNTY: A 72-year-old pilot is dead after a single engine airplane crashed off of B&R Ranch Road in DeSoto County.
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Artist's work finds inspiration in beauty, romance and the sea
Mark Partington likens himself to a craftsman. His craft happens to be art. "It's about the art of living," Partington said nonchalantly.
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Rapist receives 210 years in prison
Rapist receives 210 years in prison Photo by Matthew Beck Bruce Alan Young is shackled and chained Wednesday morning as he is sworn in by Circuit Court Judge Ric Howard, who sentenced Young to 210 years in ...
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Officials identify pilot killed in small plane crash
Authorities have identified the pilot killed in a small plane crash near Sarasota.
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Four years later, some Arcadians still patching Charley damage
He and his two sons watched as the wind picked up a tin roof from somewhere down the street and "threw it down" right in front of his house.
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Body of missing canoeist found
ARCADIA: The body of a man who vanished after his canoe capsized on the Peace River Sunday has been located.
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Computer Meltdown? EMBARQ Computer Consultants to the 'Rescue'
' Aug. 7, 2008 - ' Your computer is running slow, the screen goes black, you suspect you have a virus.
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Mediterra experiments with grass
Scott Whorrall, Mediterra's director of golf operations, is experimenting with grass - Emprie Zoysia, to be exact.
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Daytripping with Kyle Jordan: Antique shopping in Arcadia
Maybe you're an avid antique collector, or you're just looking for that perfect piece to finish decorating your home.
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Hurricane Charley settlement
Next month will mark four years since Hurricane Charley hit Southwest Florida. Since then, thousands of homes have been re-built, along with hundreds of public buildings.
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2008 Week-by-Week Football Schedule
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Three Polk Teens Head West for the National High School Rodeo.
Published: Tuesday, July 8, 2008 at 6:20 a.m. Last Modified: Tuesday, July 8, 2008 at 8:00 a.m. lisa coffey the ledger JAIME BARROW OF LAKE WALES, LEFT, Hunter Carter of Frostproof, center, and Amanda Avery of ...
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Mama Jo is a miracle survivor, thanks to prayers
Glenn and I would like to thank all of you for the prayers you sent up and the support that you gave to us as Glenn's mother battled for her life recently.
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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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