Ochopee, 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
| Ochopee, Florida News |
Developing Story: U.S. 41 Shutdown
U.S. 41 is shutdown in Ochopee at the intersection with Eleven Mile Road. Florida Highway Patrol troopers are conducting the investigation into the crash.
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History: An Everglades legend lost
Clyde and Niki Butcher were so sympathetic to the plight of Carol Moseman, a popular Everglades City figure, that they donated two valuable pictures for a raffle to raise funds for her medical expenses.
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Collier to consider two multi-million dollar land purchases
Another county marina and about 2,500 acres of Conservation Collier land for preservation should benefit tourists, but cost the county about $38.7 million.
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FHP: Man dead after crashing at 119 miles per hour
The Florida Highway Patrol tells WINK News Wilfredo Sabino Marquez Neyra, 44, of Miami died when he crashed his truck while driving at an estimated speed of 119 miles per hour.
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US-41 at Eleven mile road shut down in Ochopee
COLLIER COUNTY : A fatal crash shut down US-41 at Eleven mile road. There are no details about the accident at this time.
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Youth get taste of hardwork in Bonita fest
Restaurants from Bonita, Naples and Estero will be offering smaller food samples at a lower cost.
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Lack of money forces Collier commissioners to make tough choices
Every Collier County resident and commissioner has his or her priorities. But lack of money this year may delay some of those projects, including promised plans, such as landscaping or new fire districts.
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Combining Collier fire districts could take at least two years
County commissioners on Tuesday decided that steps leading up to drafting the necessary special act are appropriate, as is hiring a consultant to grease the process.
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Panther's afterlife serves as FWC educational tool
A preserved panther named Ranger is unveiled by the Florida Fish and Wildlife Conservation Commission Monday at the Naples FWC Field Office just north of Marco Island.
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Tornado warning issued for southern Collier
Originally published 8:53 a.m., Tuesday, September 9, 2008 Updated 8:56 a.m., Tuesday, September 9, 2008 The National Weather Service in Miami has issued a tornado warning for southeastern Collier County and ...
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Tornado Warning: NWS issues new tornado warning for Marco, East Naples until
Originally published 8:53 a.m., Tuesday, September 9, 2008 Updated 10:03 a.m., Tuesday, September 9, 2008 The National Weather Service in Miami has issued a tornado warning for southwestern Collier County - ...
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Collier fire chiefs to take consolidation idea to elected leaders
The next step to fire district consolidation in Collier County is in the hands of elected officials.
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Skunk Ape "Expert" Checks In
Administrator on August 15th, 2008 Campground owner and festival organizer David Shealy greeted festivalgoers from near and far at the main gate, but the Skunk Ape was a no-show at David Shealy's Skunk Ape ...
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What Collier residents are bound to pay in taxes
Doing more with less will be the battle cry of Collier County officials during this budget season.
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What Collier residents are bound to pay in taxes
Doing more with less will be the battle cry of Collier County officials during this budget season.
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Laid-back Everglades City celebrates Fourth on the sixth
Photo from the opening ceremony of the Independence Day Celebration in Everglades City on Sunday, July 6. The Sons of Confederate Veterans started it with a blast from their cannon, after which Mayor Sammy ...
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Dead panther found in Big Cypress National Preserve
Dead panther found in Big Cypress National Preserve By NAPLES DAILY NEWS STAFF Originally published 4:42 p.m., Monday, May 12, 2008 Updated 4:42 p.m., Monday, May 12, 2008 Big Cypress National Preserve 33100 ... via Naples Daily News
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Photographing Nature's Wonders
"I shoot large photos so you have to get involved, to experience them" Dangling orchids frame an animated panorama as photographer Clyde Butcher watches from his front window on a bright morning in Ochopee, Fla. via American Profile
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The Big Three: April 20, 2008
"The tour will showcase each of the restaurants that are participating" By ETC staff 12:00 a.m., Sunday, April 20, 2008 Trashy Beaches: Come out for Bay Days, sponsored by Keep Collier Beautiful, the local chapter of Keep America Beautiful, on April 26. via Naples Daily News
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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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