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Palm Harbor, 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
| Palm Harbor, Florida News |
Pinellas district may shuffle students to save on busing
Tens of thousands of Pinellas children would be forced to change schools next year under a School Board plan that aims to cut millions of dollars in busing costs.
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Palm Harbor man in car crash dies; medical issues cite
Barb Walker of East Lake, an Audubon EagleWatch volunteer, released this bald eagle near Landmark Nursery on Friday.
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Good for You: Married in Conn., they celebrate 60th in Fla.
Stephen and Dorothy Ballog of Clearwater celebrated their 60th wedding anniversary at a dinner with family.
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Family finds body of woman in Belleair home
The Pinellas County Sheriff's Office is investigating a suspicious death in Belleair.
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Car leaves destructive path before hitting Clearwater house
Steve Wyatt was eating his oatmeal early Friday morning when he heard what sounded like yet another crash on N Hercules Avenue, the north-south road on the other side of his backyard hedges.
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Palm Harbor Montessori food drive wraps up today
Today is the last day to contribute to the Palm Harbor Montessori Academy's food drive for Tampa Bay Harvest and RCS Food Bank.
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St. Pete Man Charged In Third Bank Robbery
A man accused of robbing two banks in Palm Harbor received additional charges today, police say.
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Palm Harbor school plans food drive to help charities
School plans food drive to help charities Palm Harbor Montessori Academy has selected Tampa Bay Harvest and RCS Food Bank as this year's recipients of its annual food drive through Tuesday.
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Deputies arrest bank robbery suspect
Deputies arrested a Clearwater man Friday on charges he robbed two banks. They say he's a suspect in three other robberies.
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In the wings: You're no sucker if you go see 'Barnum'
Asolo Repertory Theatre opened its 50th season on Saturday with a revival of Barnum , the musical about America's "Prince of Humbug." Given Sarasota's circus history, it is an appropriate choice to mark the ...
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Pinellas considers closing more schools
St. Petersburg, Florida - A tight economy is once again impacting schools. Pinellas superintendent Dr.
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Wish lists coming inHolidays are a time for giving
Organizations around Pinellas are gearing up to share the spirit of the holidays with those less fortunate.
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Boost your bra size with fat transfer procedure
Holiday, Florida - 33-year-old Jessica Moore of Palm Harbor remembers the light bulb moment in her life that changed everything.
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1933: After a 2-year hiatus, county reopens hunting
Late 1920s : Rosa Jones stands by her 1927 A Model Ford in Clearwater. Jones was skilled in the culinary arts and cooked for several prominent citizens at the Clearwater Yacht Club.
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Daycare worker arrested for murder
A home daycare worker in Palm Harbor was arrested for first degree murder Friday, Nov.
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Armed man robbed Palm Harbor bank open on Sunday.
So much for so called bankers hours. A robbery suspect was able to cash in on extended hours with a Sunday afternoon holdup.
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Palm Harbor teen appears on second MTV reality show
TV birthday girl returns to use survival skills Cher Hubsher of Palm Harbor, who was featured last year on the MTV reality show My Super Sweet 16 is back for an appearance today on My Super Sweet 16 Presents: ...
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Palm Harbor day care owner arrested in child's death
A day care owner arrested in August on a count of aggravated child abuse now faces an even more serious charge: first-degree murder.
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Mom questions school's Holocaust visualization
Beverly Reynolds says her 11-year-old daughter Shelby enjoyed going to Westlake Christian School for seven years.
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Day care owner charged with first degree murder
The owner of a Palm Harbor day care center is under arrest, accused of shaking a baby.
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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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