Paisley, 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
| Paisley, Florida News |
Man awaiting trial for soliciting murder charged with attempting to intimidate informant
A restaurant owner, accused of trying to hire a hitman to kill an employee with a machete, was arrested today and charged with attempting to intimidate the man who had warned Lake County sheriff's detectives ...
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Meth-lab bust snares young mother
Deputies arrested a 21-year-old mother after they found methamphetamine on a shelf among her newborn infant's items.
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Women for Hospice's annual event celebrates the holiday season
Women for Hospice's annual holiday event, "A Season of Trees," will begin Wednesday at Donnelly Park Community Building, Fifth Avenue and Donnelly Street, Mount Dora.
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Treats don't end with Halloween
There are several spooktacular events planned for today and into the weekend. *The Tavares Chamber of Commerce will present Howl-O-Fest for children and Biker-ween for adults today in the downtown area.
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Time of year for ghosts, gourds, games, goodies
Halloween is near. Here are upcoming activities: Haunted ghost walk The Mount Dora Historical Society will have its first Ghost Walk this week.
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Man arrested for murder for hire plot
Authorities say Lake County investigators foiled a gruesome plot to have a man killed.
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Jar Of Blood, Beheading Part Of 'Demented' Murder Plot, Police Say
POSTED: 11:49 pm EDT October 25, 2008 UPDATED: 12:01 am EDT October 26, 2008 LAKE COUNTY, Fla.
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Ready for heart-lung transplant, Paisley patient keeps spirits high
PAISLEY Tammy Jo Alford is going on the trip of her life. Alford, 35, is to be evaluated Oct.
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Bridal show
A mystery poker run for Tammy Jo Alford is planned for Saturday in northeast Lake County.
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Motta leads visit list
Zeke Motta earned the nickname "Baby Hercules" at the Football University Top Gun Camp in Paisley, Fla., this summer and now the four-star prospect from Vero Beach, Fla., who will probably transition from ...
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Lake County Police Log
Following are some of the incidents recently reported to area police agencies and the Lake County Sheriff's Office .
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As funds dwindle, more libraries cut hou ...
First, the Leesburg Public Library closed on Fridays and Mondays. Now, several other county libraries are shifting, but mostly cutting, hours in a bid to save money as local budgets grow tighter.
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Volusia County Births
Some births may not appear in this listing because some hospitals are no longer releasing the names of newborns for publication.
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Plant Prognosis
Q. I have a well-established hydrangea plant that is about 6 years old. It gets full sun and blooms well each year.
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More commercial vacancy signs go up south of S.R. 408
Activity in the key south Orlando submarket for commercial service centers and flex-space buildings was slow in the first quarter but even more sluggish in the second, a closely watched survey shows.
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Lake County deputy hurt in hit and run
A Lake County sheriff's deputy was hurt in a hit-and-run crash early Sunday morning, authorities said.
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BEACON PHOTO/PAT HATFIELD Putting down roots - Oscar Williams, left, joins, continuing from left, Elisha Lee, Chris Baker, and Jane and Dale Tryzbiak for a moment of joy after a July 20 meeting of Community ...
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BEACON PHOTO/PAT HATFIELD Putting down roots - Oscar Williams, left, joins, continuing from left, Elisha Lee, Chris Baker, and Jane and Dale Tryzbiak for a moment of joy after a July 20 meeting of Community ...
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BEACON PHOTO/PAT HATFIELD Putting down roots - Oscar Williams, left, joins, continuing from left, Elisha Lee, Chris Baker, and Jane and Dale Tryzbiak for a moment of joy after a July 20 meeting of Community ...
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Bethel's Anderson off to prestigious camp
Bethel High's C.J. Anderson has been selected as one of 80 players nationwide to participate in Football University's Top Gun Showcase Camp gathering, which begins Saturday in Paisley, Fla., about 35 miles ...
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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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