Big Pine Key, 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
| Big Pine Key, Florida News |
Big exposure for small inns
Azul del Mar Travel + Leisure magazine has chosen Azul del Mar of Key Largo for their "World's Greatest Hotels, Restaurants & Spas" issue, to appear on newsstands in April of 2009.The owners of Azul del Mar, ...
|
Teen tries to evade arrest 4X
A 17-year-old Summerland Key boy faces multiple charges after he allegedly stole a sport utility vehicle, ran from a sheriff's deputy and tried to escape once he was in custody.
|
Come as you are
Homestead is just south of Miami and north of the Florida Keys. Travel Log: Homestead 'Come as you are' on a South Florida mini-vacation By Josh Pate , NASCAR.COM November 12, 2008 11:17 AM EST The finish is ...
|
Women sweep County Commission seats -- Carruthers, Wigington, Murphy
Republican Kim Wigington and Democrat Heather Carruthers were elected to the Monroe County Commission Tuesday, filling the seats of two of the most divisive commissioners in recent history.Republican Sylvia ...
|
Nonprofits can apply for grants from $25 million forfeiture fund
If a nonprofit group in the Florida Keys is granted a share of the $200,000 offered by the Monroe County Sheriff's Office, it will have money launderers to thank.
|
Half of Keys voters casting ballots before Tuesday
It all comes to an end Tuesday.That's when we'll know who our new president is -- well, maybe, since this is Florida, after all -- as well as who our new local elected officials are.And when it's all said and ...
|
Crist declares emergency, extends early voting hours
More than 31 percent of Monroe County registered voters have already cast their ballots.And now, voters have more time to vote early: Tuesday, Gov.
|
Keys vandals target candidates' political signs
Tensions might be running high in Monroe County with just a week left before the general election.
|
Wild times rule at Key West's Fantasy Fest
Key West's annual Fantasy Fest continued Thursday night with a "Prentenders in Paradise Costume Competition.
|
Key West's Fantasy Fest packs political punch
Dressed in red, white and blue, drag queen Gina Maseratti walked down Southard Street in Key West asking Fantasy Fest revelers for their support: ``Vote for Maseratti, your next president.'' What's her ...
|
Votes already rolling in
Early voting begins Monday with a record number of Florida Keys voters expected to cast ballots before Election Day on Nov.
|
OSHA issues $171,250 in fines
Via Acquire Media NewsEdge) Oct. 18--Four companies have been fined a combined $171,250 for workplace violations that contributed or could have contributed to a construction worker's death at Key West ...
|
Growth a major issue in BOCC5 race
The race to represent Key Largo and the Upper Keys on the Monroe County Commission has come down to two candidates with vastly different political philosophies and visions for the Florida Keys.
|
Crime goes down, or up?
Major crimes in the Monroe County Sheriff's Office's jurisdiction dropped by 2.4 percent in the first six months of 2008 versus 2007 but in Key West, they went up 3.4 percent for the same time frame.That's ...
|
Judge: County waited too long to cite downstairs enclosure.
Sixteenth Circuit Court Judge David Audlin has overruled a Monroe County Code Enforcement hearing officer on the grounds that county waited too long to cite a Big Pine Key homeowner for having a suspected ...
|
Bus is conduit for more tutoring
What a difference a school bus makes. The after-school tutoring program at Key West High School got a boost last week after the district found a way to pay for a school bus for students who stick around past ...
|
Absentee ballots are in the mail; early voting starts Oct. 20
Voters should be receiving their absentee ballots for the Nov. 4 general election, which were mailed Friday.
|
Brian Lapointe sounds alarm to save coral reefs
Marine ecologist Brian Lapointe cites wastewater outfalls, pollutants in rain and runoff among culprits damaging coral reefs.
|
County wants to be 59th national park
When Monroe County officials go to Tallahassee Tuesday to report on how the county's doing on a state-mandated work plan, they're going to make a pitch -- for $1.2 billion.That's how much county officials say ...
|
Driving Florida's island highway to sea creature heaven
The sun sets in a burst of brilliant colors at Kona Kai in the Florida Keys. Close encounters of the sea mammal kind at the Dolphin Research Center in Marathon.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"...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.
|
|