River Ranch, 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
| River Ranch, Florida News |
Body of Missing Airboater Found in Lake Kissimmee
Published: Tuesday, October 21, 2008 at 3:27 p.m. Last Modified: Tuesday, October 21, 2008 at 3:28 p.m. LAKELAND Family members found the body of a missing Winter Haven airboater in Lake Kissimmee about noon ...
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Polk Deputies Join Lake Kissimmee Search For Boater
Polk County deputies are helping search for a boater on Lake Kissimmee. Robert Willis Whitchard, 38, of Winter Haven, launched his airboat Saturday at the River Ranch Hunt Club's boat ramp, deputies say.
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Man Gets 15 Years in Prison for Attempted Murder
Published: Friday, October 10, 2008 at 9:06 p.m. Last Modified: Friday, October 10, 2008 at 9:09 p.m. BARTOW A 35-year-old Pinellas Park man who shot at deputies trying to serve a warrant on him was sentenced ...
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County OKs Off-Road Vehicle Park
BARTOW County commissioners voted 4-1 Wednesday to approve a zoning permit for a controversial off-road vehicle park near Indian Lake Estates east of Lake Wales.
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Lake Wales Pioneer Days Festival set for Oct. 25, 26
Dates for the 33rd annual Pioneer Days Festival in Lake Wales have been announced.
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Suspect in Murder Plot Leaves Many People Puzzled
Randy Nowak painted himself as a builder, entrepreneur and inventor of green technology.
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Pastor learns lesson on river
Published: Friday, August 15, 2008 at 4:01 a.m. Last Modified: Friday, August 15, 2008 at 9:23 a.m. A few years back I had the privilege to go bass fishing with my minister, Rev.
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L Home: Coastal Becomes Contemporary
George and Roxanne Graham love vacationing at the beach and have visited numerous seashores throughout North America.
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Need to keep travel closer doesn't require skimping of the fun
Published: Sunday, June 22, 2008 at 6:01 a.m. Last Modified: Sunday, June 22, 2008 at 10:33 a.m. Walt Disney World Resort "La Nouba" at Downtown Disney is the first Cirque de Soleil show presented in a ...
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Readers' engagements
Skip Lewis of Boynton Beach and Mary Hammontree of West Palm Beach announce the engagement of their daughter, Lindsay Marie Lewis, to Jorge David Maldonado, son of David and Diane Maldonado of Concord, Ga.
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Retreat for youths will focus on empowerment
The Chain of Lakes Achievers Inc. is conducting its second annual retreat for young people ages 12 through 18.
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New pass lets residents go to 7 Polk attractions
Seven small tourist attractions in Polk County have teamed up to offer a multi-attraction pass for Florida residents.
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Sheriff's Office Honors Deputy of the Year, Other Winners
Polk deputies Joseph Murphy and Shannon Rimes knew they might run into some trouble when they went to serve an arrest warrant at the River Ranch Hunt Club in November.
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Wildfire caused by burning trash
"People don't realize how many fires are started by a spark from a piece of equipment outdoors" The fire that broke out Wednesday near River Ranch was caused by a resident burning yard trash, according to a Division of Forestry official. via News Chief
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Fire Destroys Sheds, Couple of Vehicles at Hunt Club
Florida Division of Forestry crews in Polk County spent most of Wednesday "mopping up" a few small fires, but there was no major activity, said Gary Zipprer, who heads the Lakeland-based district. via The Ledger
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Our dog wakes us up at 5 a.m.; how do we stop that?
With the recent time change, these owners thought their dog would adjust and let them sleep in. via Palm Beach Post
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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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