Arcadia, 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
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Today's Top Story
DeSoto County's veterans and their families will gather at the old Peace River bridge west of Arcadia Sunday at 1 p.m. Sunday to commemorate the soldiers and sailors killed and wounded in the attack on Pearl ...
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Bread of Life Mission
PUNTA GORDA, Fla. - Volunteers in Punta Gorda are getting turkey and the fixings ready for delivery to Arcadia and Collier County.
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[PCUSANEWS] Every Thursday is Thanksgiving
You are currently subscribed to the PCUSANEWS email list of the Presbyterian Church .
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Woman Fond of Years at Orphanage
Published: Wednesday, November 26, 2008 at 12:01 a.m. Last Modified: Thursday, November 27, 2008 at 12:00 a.m. For the last 55 years, Sarah Johnson has been throwing a family reunion in Lakeland.
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Thanksgiving events and free dinners
The event is planned to be held at Edison State College, Charlotte Campus, 26300 Airport Road in Punta Gorda.
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Evaluation of city administrator continues
The Arcadia City Council will continue with its evaluation of City Administrator Ed Strube at Tuesday's council meeting.
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Area student will attend Obama's inauguration
At 13, Angelique Noles was too young to vote in this year's presidential election, but she will still get to play a supporting role when history is made in January.
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Country singers come to Southwest Florida
They will play with The Classic Country Band at The Arbor Reception and Banquet Hall in downtown Arcadia ad at the Charlotte County Fairgrounds in Port Charlotte.
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Veteran's Day closings
Open: Charlotte County public schools; Charlotte County Landfill; regular garbage, recycling and yard trimming collections for unincorporated Charlotte County; Edison State College, Charlotte Campus, 26300 ...
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Today's Top Story
SUN PHOTO BY SARAH COWARD, scoward@sun-herald.com Isaac Thomas wasn't sure whether Barack Obama would win the presidential election Tuesday.
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How do you prove innocence?
Twenty-two years in prison for killing his seven kids. The man's conviction was overturned.
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Council considers Strube's fate
When Arcadia City Council members meet on election night, they are expected to discuss the evaluation of City Manager Ed Strube.
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Spooktacular forecast for trick-or-treaters
For trick-or-treaters this evening, it will be very nice with temperatures falling through the 70s after an afternoon high of around 80 degrees.
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Tiny Cobb
Tiny Cobb, 88, formerly of Arcadia, Fla., died Oct. 25, 2008, in Dunedin Hospi-tal, following a short illness.
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Annual fall festival draws large crowd to Arcadia
Disney princesses, Power Rangers, Transformers, devils, angels and, of course, witches, strolled the main downtown street late Saturday afternoon, often holding the hand of mom or dad.
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Books
Meet the author at St. Photios Oct. 24: The public is invited to a reception honoring Nicholas Kokonis, the author of "Arcadia, My Arcadia," at 5:30 p.m. in St.
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Cape Coral man killed in DeSoto County crash
A Cape Coral man was killed on State Road 31 south of Arcadia when he swerved to avoid a deer and crashed his car in a ditch this morning.
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Florida Boy Hurt In Area Accident
Topic: Headline News Accidents : Florida Boy Hurt In Area Accident Published Online Oct 21, 2008 - 01:47 PM A Florida boy received minor injuries in a one-car accident on Monday night, east of the Lock Springs ...
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Early voting begins Monday
INFO BOX: For more information on the six proposed amendments to the Florida Constitution, visit the Web site of the League of Women Voters of Florida at www.lwvfla.org and click on "Election Info." Early ...
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Mistrial declared in double murder case in Fort Myers
The Charlotte County Sheriffa s Office says it completed a nearly five-month investigation that has resulted in the arrest ... read more Woman charged with stealing almost $30,000 A 66-year-old Arcadia woman ...
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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