Newberry, 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
| Newberry, Florida News |
Outlying areas eyed for school growth
Published: Wednesday, November 26, 2008 at 6:01 a.m. Last Modified: Tuesday, November 25, 2008 at 11:52 p.m. Schools bursting with students may mean new elementary schools in Newberry, High Springs and the ...
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Recount ordered in District 11 House race
The state canvassing commission has ordered a recount for the District 11 Florida House of Representatives seat.
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Hitchcock's grocery stores sold
Published: Friday, October 31, 2008 at 8:24 p.m. Last Modified: Friday, October 31, 2008 at 8:24 p.m. Alachua-based Hitchcock's sold its 11-store grocery franchise to a Minnesota-based SuperValu franchisee ...
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Around the Region for Oct. 25
Published: Saturday, October 25, 2008 at 6:01 a.m. Last Modified: Saturday, October 25, 2008 at 12:48 a.m. POLICE BEAT Two men arrested in home invasion case Gilchrist County sheriff's deputies dispatched to an ...
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Ghouls only come out after dark at Newberry corn maze
Published: Thursday, October 23, 2008 at 6:01 a.m. Last Modified: Friday, October 24, 2008 at 2:12 a.m. October brings a few falling leaves and a few teasing cold fronts to Alachua County.
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Hurry up and wait for unemployment
Published: Thursday, October 23, 2008 at 6:01 a.m. Last Modified: Thursday, October 23, 2008 at 1:24 a.m. Ed Greenberg of Newberry said he has spent all his retirement savings and maxed out his credit while ...
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Around the Region for Oct. 16
Published: Wednesday, October 15, 2008 at 6:01 a.m. Last Modified: Thursday, October 16, 2008 at 1:37 a.m. POLICE BEAT Gainesville man faces benefits fraud charge Jonathan G. Mason of 3009 SW Archer Road was ...
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Around the Region for Oct. 14
Published: Monday, October 13, 2008 at 6:01 a.m. Last Modified: Tuesday, October 14, 2008 at 2:13 a.m. POLICE BEAT UF student fights off Century Tower attack A female student at the University of Florida told ...
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Motorcycle driver in serious condition after crash
Published: Monday, October 13, 2008 at 5:52 p.m. Last Modified: Monday, October 13, 2008 at 5:52 p.m. A Saturday afternoon crash that left a motorcyclist with serious injuries remained under investigation on ...
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'Enraptored': Wild bird event thrills nature buffs
Break-in at Cypress Station According to Lt. Evan Sullivan with the Levy County Sheriff's Office, the Sheriff's Office received a call on Sept.
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Tigers get swept by Suwannee
It was a chance for the Union County volleyball team to even its record, but the Suwannee Bulldogs got the best of the Tigers, defeating them 3-0 on Sept.
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County may shake up traffic plans
Traffic begins to pick up approaching rush hour at the intersection of Newberry Road and I-75 Wednesday afternoon.
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Orange commission hopeful defends PAC donation
A shadowy North Florida political group funded in part by Big Sugar, teachers and gambling interests has spent $13,000 on a mailer supporting Orange County Commission District 1 candidate Scott Boyd.
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Surge in scooter interest fuels need for education
Published: Friday, September 5, 2008 at 11:24 p.m. Last Modified: Friday, September 5, 2008 at 11:25 p.m. The number of scooters and motorcycles around Gainesville has increased dramatically in recent months as ...
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Investigators search for clues to railroad pipe bombs
From right, Sgt. J.J. Moran, Lt. Whitney Burnett with the Alachua County Sheriff's Office and two Alchohol, Tobacco and Firearms agents who chose not to be named collect evidence after rendering safe multiple ...
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Fay 'a good exercise' for Cedar Key
Community Center open for storm shelter Emergency management officials have opened Cedar Key Community Center as an emergency storm shelter.
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What you need to know: Key storm information
Published: Wednesday, August 20, 2008 at 6:01 a.m. Last Modified: Thursday, August 21, 2008 at 1:32 a.m. SCHOOLS ARE CLOSED: Public schools in Alachua, Bradford, Clay, Putnam and Union counties will be closed ...
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Edwards' ex-lover has Florida roots
Before she was former Democratic presidential candidate John Edwards' mistress, before she was Rielle Hunter, before she was the face splashed on national television networks, she was the teenage equestrienne ...
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The final weekend
Autumn Prince, 8, tries to coax her younger brother, Dawson, 5, to enter his kindergarten class at Newberry Elementary School on Friday.
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County votes no on contract with city fire coalition
Alachua County commissioners will try to negotiate a continuation of fire contracts with the small cities for 2009 while also trying to forge a future pact with a single consortium of the cities.
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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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