Shalimar, 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
| Shalimar, Florida News |
Empty Stocking: Move, medical issues make it tough on single mother
In some ways, things have been looking up for Lynn and her two sons, 8 and 6 years old.
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Thanksgiving no turkey for local grocers
Michael Ashwood started his Thanksgiving grocery shopping Sunday morning. The Fort Walton Beach man did a little the next day and a little more Tuesday, when he bought the roasting pan to cook the turkey in.
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Shalimar condo plans scrapped
Condominium at Shalimar Bridge scrapped FORT WALTON BEACH - Plans for a high-rise condominium at the foot of the Shalimar Bridge have been scrapped, but a new development could take its place.
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Santa's back! Christmas icon returned to owners
The 9-foot resin Christmas icon that disappeared from the front porch of a home Friday night has been found.
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Sansom sworn in
State Rep. Ray Sansom is a designate no more. Call him Speaker Sansom. Sansom and Okaloosa County were the toasts of Tallahassee on Tuesday as friends, family and 100 fellow lawmakers witnessed the changing of ...
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Fraud charges dismissed for insurance agent
The U.S. government has dismissed its insurance fraud case against local agent Ashley Hunnicutt Barkocy.
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Saturday is last chance to vote early
Saturday is the last day to vote early in Okaloosa, Santa Rosa and Walton counties.
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Early voting in Okaloosa triples previous record
Early-voter turnout in Okaloosa County tripled its highest-ever figure as the polls closed Saturday, with election workers prepared to clean up until 3 a.m. "Everything's a record now," said Supervisor of ...
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Pair investigated for counterfeiting charged with drug possession
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Women plumbers for McCain
The local GOP turned out Tuesday to flex its muscles one more time in 2008. The occasion was dubbed "The Women Joe the Plumbers for McCain" and drew nearly 100 people to the Republican Party Headquarters in ...
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FHP releases names of Sunday accident victims
The Florida Highway Patrol has released the names of the nine people involved in Sunday night's accident on Racetrack Road, which happened about 10:20. April R. Smedley, 29, of Fort Walton Beach, was in the ...
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Campaigns begin last push for voter turnout
In a matter of days, America will know who will serve as its 44th President. With the final week before the General Election swiftly coming to a close, campaigners on both sides of the ticket are making their ...
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McCain/Palin Signs Go Missing
Volunteers with the Okaloosa County Republican Headquarters in Shalimar spent the day replacing missing McCain Palin campaign signs after locals started to report their signs as stolen.
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McCain signs uprooted, dumped
"Whoa! Where are all the signs?" That's what Ron Williams said he was asking himself Wednesday morning as he drove down Country Club Drive.
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Eleven families affected by Shalimar fire on Sunday
Patricia Savage inhaled enough smoke exiting her Shalimar Gardens apartment Sunday night to be rushed to Fort Walton Beach Medical Center.
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Apartment fire injures 1 in Shalimar
One person was injured in a fire that grew quickly to three alarms Sunday evening.
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Alleged doll recording of 'Islam is the light'
Alleged doll recording of "Islam is the light" Comments 0 Recommend 0 October 13, 2008 08:22:00 AM Angela McClenahan lined up four unblinking baby dolls on a Target toy shelf, waved her hand across four ...
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Some claim Mattel doll utters Islamic phrase
Angela McClenahan lined up four unblinking baby dolls on a Target toy shelf, waved her hand across four motion-sensing faces and listened closely.
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Latest News Briefs: Motorcycle run to benefit military widows
The inaugural "Ride for Military Widows," a motorcycle poker run to benefit the Air Force Enlisted Village, will be held Saturday.
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Okaloosa library co-op pushes to make service free for entire county
The Okaloosa County Public Library Cooperative has proposed dropping the $20 fee charged to each family in Cinco Bayou, Laurel Hill and Shalimar who checks out items at one of the city libraries.
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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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