Nokomis, 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
| Nokomis, Florida News |
In North Port, code violators pay dearly
Andy Schade got a $300 Wal-Mart swimming pool last year as a treat for his daughter's seventh birthday.
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Parade in Venice kicks off season
Published: Thursday, November 27, 2008 at 1:00 a.m. Last Modified: Wednesday, November 26, 2008 at 11:47 p.m. Venice starts the holiday season with its 33rd annual parade Saturday at 7:00 p.m. With more than ...
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Government offices close for Thanksgiving holiday
All Sarasota County Government offices, including libraries, the history center and recreation centers will be closed Thursday, Nov.
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Health In Motion brings health services to needy residents
The Sarasota County Health Department's 40 foot mobile medical unit, Health In Motion's will visit 15 locations throughout north Sarasota, Laurel, Nokomis, Venice, Englewood and North Port during December.
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Early-morning blaze destroys home
Published: Thursday, November 20, 2008 at 1:00 a.m. Last Modified: Thursday, November 20, 2008 at 12:30 a.m. NOKOMIS - An early-morning mobile-home fire Wednesday killed a family dog and destroyed the house, ...
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Fire destroys Nokomis home, kills family dog
Published: Wednesday, November 19, 2008 at 11:04 a.m. Last Modified: Wednesday, November 19, 2008 at 11:06 a.m. An early morning mobile home fire killed a family dog and destroyed the structure but no one was ...
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Nokomis man held for exploiting elderly Venice resident
Published: Tuesday, November 18, 2008 at 4:38 p.m. Last Modified: Tuesday, November 18, 2008 at 8:35 p.m. Venice police arrested a Nokomis man for allegedly defrauding an 82-year-old man of $4,000 to $5,000 in ...
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Hotels list park-and-fly deals
People planning to fly out of Southwest Florida International for the upcoming holidays will find parking choices at competitive prices.
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Church welcomes 'vagabond counselor'
Published: Saturday, November 8, 2008 at 1:00 a.m. Last Modified: Friday, November 7, 2008 at 4:50 p.m. A self-proclaimed "old school pastor," the Rev.
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Three players share Fantasy 5 top prize
TALLAHASSEE -- The Florida Lottery announced today that three players matched all five winning numbers in the Tuesday, November 4, FANTASY 5 drawing and will share a $222,800.70 top prize.
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O'er the seas on a Gaelic crusade
Atop his currach, Brian o-h'Eachtuigheirn plays traditional Irish music last week with his daughter, Alexis Frees, near the North Jetty in Venice.
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Samurai sword end caps make for valuable bracelet
These bracelets belonged to my mother. She bought them when we lived in Japan in the 1950s.
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Fred instrumental in forming Alateen groups in local schools
Alateen is the recovery program for young people. Alateen is part of Al-Anon, which helps families and friends of alcoholics recover from the effects of living with the problem drinking of a relative or friend.
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Small band of Lehigh Acres-based ghost hunters at work
Debbie Harshbarger of Lehigh Acres has a unique talent that she says has been passed on through her family for generations.
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Re-opened Beach Plaza welcomes bathers to Nokomis
Published: Saturday, October 18, 2008 at 1:00 a.m. Last Modified: Friday, October 17, 2008 at 8:20 p.m. If you need an excuse to visit the beach - and who doesn't? -- you can always check out the rehabilitated ...
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House 70: Holder
Published: Thursday, October 16, 2008 at 1:00 a.m. Last Modified: Wednesday, October 15, 2008 at 8:10 p.m. District 70 encompasses much of Sarasota County, from Siesta Key to Nokomis to western Englewood.
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a Landfill Strategy
Published: Thursday, September 25, 2008 at 1:00 a.m. Last Modified: Thursday, September 25, 2008 at 12:22 a.m. Trucking Sarasota County's trash elsewhere is an expensive proposition, but that is the only ...
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Light shows autumn has arrived
Autumn brings cooler evenings and spectacular sunsets, like this one photographed last week in East Manatee County.
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Woman on a tough mission for the poor
Kimberly Chmielewski, left, and volunteer pharmacist Doris Twardosky of the Community Pharmacy search the Internet for an alternative drug after learning that the original drug prescribed for a patient was not ...
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Nokomis Beach Pavilion reopens in front of big crowd
Published: Saturday, September 20, 2008 at 11:58 a.m. Last Modified: Saturday, September 20, 2008 at 12:12 p.m. In 1954, the Sarasota school of architecture was in its hey day, and 32-year-old Jack West was ...
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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