North Port, 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
| North Port, Florida News |
North Port man arrested for growing marijuana in home
Another North Port homeowner behind bars for operating a marijuana growhouse. 57-year-old Luis Guerra was arrested Thursday on a warrant.
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North Port Chorale presents holiday concert
13 in the North Port Performing Arts Center, 6400 W. Price Blvd. Accompanist will be Sharon Sutherland.
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Election Helps Gulf County Democrats Build New Base of Support
Gulf County Democrats are riding a wave of increased volunteerism that came from the November election cycle, and using it to energize their Democratic base.
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Staub, Thaxton and Mason take oath of office
Sarasota County Commissioners Shannon Staub and Jon Thaxton and newly elected Commissioner Carolyn Mason have been sworn into office by Chief Circuit Court Judge Lee Haworth.
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Electronic sign system along I-75 takes shape
The electronic message boards on Interstate 75 in Southwest Florida would have come in handy this week.
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Arrests made in jewelry theft
Two teenagers have been charged with the theft of $27,000 in jewelry they reportedly said they later traded for drugs.
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Man charged with terrorizing family
A 39-year-old man, who allegedly terrorized a woman by putting a gun to her head and shot the family cat in front of her children, has been arrested by the North Port Police Department.
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Defense wants hearing on King's competence
The man accused of kidnapping Denise Lee from her North Port home and killing her may be incompetent to stand trial, his attorney says.
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Pair charged with stealing generators
Jose Hernandez Molina and and Juan Carlos Graveranreinoso were each arrested on one count of grand theft auto, one count of fleeing to eluse and one count of grand theft Thursday night when deputies found ...
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Man's body found in waterway identified
Charlotte County Sheriff's Major Crimes Unit detectives released the name of the man, whose body was found in the Pellam Waterway Wednesday behind a home in the 400 block of Ravenswood Blvd., Port Charlotte.
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North Port Man Accused Of Beating Children, Killing Cat
NORTH PORT a ' A man beat two children, put a gun to a girl's head and killed her cat, authorities say.
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Resident finds body in canal
Authorities believe the body recovered from a canal Wednesday could be one of the suspects in last week's botched home invasion robbery, where another man accidentally shot and killed himself.
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Body found in canal in Port Charlotte
PORT CHARLOTTE, Fla. - The Charlotte County Sheriff's Major Crime's detectives, deputies and dive team are on the scene in Port Charlotte after a body was discovered in a canal off Ravenswood Blvd.
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Convention elects North Port pastor to top Baptist post
LAKELAND a ' John Cross, pastor of South Biscayne Church in North Port, was elected president today of the Florida Baptist State Convention.
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Veteran brings Little Caesars to North Port
Published: Tuesday, November 11, 2008 at 1:00 a.m. Last Modified: Monday, November 10, 2008 at 6:10 p.m. North Port is getting a new Little Caesars Pizza restaurant thanks to one man's military service.
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Large snake rescued, released
Large snake rescued, released NORTH PORT a ' North Port Animal Control Officer Jarred Fegan removed a 4 1/2-foot rattlesnake from the Woodland Middle School area Monday morning.
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With jobs scant, North Port families moving on
Don and Hildy Ashbaugh hand Alexis Wittrock money for some items purchased during a recent moving sale at Wittrock's rented home.
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Little Miss North Port
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Third builder accused of taking clients' money
Another North Port home builder faces charges he embezzled money while the city's housing market declined, leaving his customers with large liens on their property.
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Dad still dangles in death inquiry
North Fort Myers resident Lyn Herr says she will talk to Assistant State Attorney Lon Arend on Thursday as the state tries to determine if Dale Fullwood was involved in the death of his 6-year-old daughter.
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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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