Fort White, 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
| Fort White, Florida News |
Auditions for talent continue
Local students who have dreamed of hitting it big as singers or musicians will have the opportunity to showcase their talents against fellow students in the upcoming Columbia's Top Talent competition.
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County Commission upholds solid waste assessment fee
Fort White resident Billy Ray Franksa request to have his solid waste assessment waived was listened to but ultimately rejected during Thursdaya s meeting of the Columbia County Board of County Commissioners.
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Volunteer coach busted for drugs
A longtime Fort White volunteer coach was arrested Sunday and faces numerous drug-related charges after sheriff's deputies allegedly found cocaine and marijuana in his home.
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Police: Man brings machete to Alachua bar fight
Published: Thursday, November 13, 2008 at 12:27 p.m. Last Modified: Thursday, November 13, 2008 at 12:27 p.m. A man accused of pulling out a machete during a Wednesday night bar fight was charged with ...
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Skinner adjourns his final county commission meeting
Columbia County Comm-issioner George Skinner gaveled the adjournment of Thursday nighta s meeting of the board of county commissioners, and with it brought to a close eight years representing the residents of ...
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Out and about on a Saturday
Deloris Melton of Fort White looks at items on a table where Kim Smith is selling them to help Fort White High and Middle School on Saturday.
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Students have their A.C.T. together
Rumpelstiltskin , played by Cameo Lance, gives the miller's daughter three days to guess his name or else he will take her first born son.
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Safety for seniors
National Fire Protection Association statistics indicate older adults are twice as likely to die in fires than any other age group.
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Friends launch library's golden birthday
Friends of the Columbia County Public Library kicked off a year of festivities Thursday evening at the Lake City Womana s Club.
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Shoot 'em up
More than 100 people came to compete Saturday in the Eighth Annual Shoot-out on Santa Fe, hosted by the Fort White Gun Club.
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TIP funds to boost learning program
The executive committee of The Ichetucknee Partnership agreed by consensus Thursday to fund the start up of an educational program at Richardson Middle School.
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Faith springs forth in Itchetucknee baptisms
Celebration Community Church in Fort White pastor Dick Shorr baptizes Cindy Trice in the replenshing waters at Ichetucknee Springs on Sunday.
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Villager Bob Anderson is gaining acclaim as a business mentor
Bob Anderson picked a beautiful morning Thursday for a game of pickleball. Crystal-blue skies and temperate weather made his favorite pastime in The Villages just that much more enjoyable.
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New school named Pinemount Elementary
' The Columbia County school board officially named its newest school on Tuesday and recognized the achievements of Fort White High School during the past year.
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Dangerous cycle?
Ron McQueen of Fort White takes part in a motorcycle safety course in the parking lot of the Hawthorne High School football field Saturday, September 13.
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County Commission: Board tentatively approves $99 million budget
Columbia County's Board of County Commissioners conducted its first of two state-required public budget hearings Tuesday night with a tentative $99,592,241 budget for the fiscal year that begins Oct.
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Maguire State Missions Offering
Four and a half miles south of Fort White on Highway 47, just a quarter of a mile from where the road crosses the Santa Fe River, lays a piece of wooded property at the junction of Highway 138.
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Arrests made in attempted home invasion robbery
Four Columbia County men were arrested Saturday night and a pistol and an assault rifle recovered, after an alleged plot to commit a home invasion armed robbery was foiled, according to police reports.
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Three injured in motorcycle/pickup crash
Published: Monday, September 8, 2008 at 1:25 p.m. Last Modified: Monday, September 8, 2008 at 1:25 p.m. Three people were injured when troopers said a motorcyclist tried to improperly pass a pickup on a ...
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Residents brace for flooding
Published: Tuesday, August 26, 2008 at 6:01 a.m. Last Modified: Wednesday, August 27, 2008 at 12:36 a.m. Sandbag distribution points have been set up in High Springs and Hague for Alachua County residents ...
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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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