Addison, NY Divorce Buyout in New York
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 New York, 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.
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| Addison, New York News |
Sondheim's Road Show Ends Limited Public Theater Run Dec. 28
The Public Theater premiere of Stephen Sondheim and John Weidman's latest musical, Road Show - starring Michael Cerveris and Alexander Gemignani - concludes its engagement at the Off-Broadway venue Dec.
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Regional News
REGIONAL NEWS ELMIRA Artist reception today for local photographer An artist reception for local photographer Gary R. Packard will be held from 5 to 6 p.m. today in Elmira City Hall.
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Stolen bull semen stymies NYS troopers
New York State police are investigating a very strange case involving the theft of a nitrogen semen tank from a farm in Addison.
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State police seek suspects in theft of farm tank
State police are investigating the theft Sunday of a nitrogen-cooled tank from a farm on Mose Road in the town of Addison.
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Trees make spirits bright
People may be purchasing fewer cars, and they may be spending less on Christmas gifts.
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Not quite ready for takeoff
CORNING -- About halfway through the airplane design and flight competition Monday at Corning Community College, organizer Al Gerth turned to another professor and said with a laugh, 'The aerospace industry is ...
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Christmas Tree Farmers Feel the Economic Impacts
Some Christmas tree farmers say they've got one more good week to sell their Balsam Firs, Frasiers and Blue Spruce.
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Sondheim returns to the 'Road'
Many venerated hands have gone into creating "Road Show," the Stephen Sondheim musical that made its New York debut last night at the Public Theater.
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Brothers in Flimflammery on a Continental Sojourn
It's raining greenbacks in "Road Show," the latest version of Stephen Sondheim and John Weidman 's long-aborning, ever-evolving and eternally slender musical about curdled American dreams, which opened on ...
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The Curving Path to Road Show
Stephen Sondheim talks about his fascination with two American dreamers and how it led him and collaborator John Weidman down the long road to Road Show .
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Steuben County man charged after Halloween domestic dispute
A Steuben County man today is facing several charges following an incident that took place on Halloween night.
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Oil falls below $66 as demand continues to ebb 6:30PM ET
Oil prices dipped below $66 a barrel Wednesday as investor sentiment once again seemed to shift to the growing global economic malaise and its potential impact on energy demand.
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Sondheim and Weidman's Road Show Pulls Into the Public Oct. 28
Road Show , the latest musical from theatrical innovators Stephen Sondheim, John Weidman and John Doyle, begins performances at Off-Broadway's Public Theater Oct.
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IRS may be looking for you -- and that's a good thing
In most cases, the checks were returned to the IRS by the U.S. Postal Service due to mailing-address errors.
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Grand opening set today at Horeheads Family Resource Center
A grand opening is planned for 10 a.m. to 7 p.m. today for the Family Resource Center at First United Methodist Church in Horseheads, 1034 Broad St.
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NYS Voter Resgistration
Chemung County: All Towns Halls, execpt Town of Big Flats, where drive is at the Community Center.
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First Heritage plans ground-breaking in Addison
A ground-breaking ceremony to kick off construction on First Heritage Federal Credit Union's new Addison branch will take place at 2 p.m. Thursday at the site, 11 Steuben Street in Addison.
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Encore performances
The men's and women's champions of 2007 came back to the Wineglass Marathon on Sunday and repeated their victories by finishing first again in the annual Bath-to-Corning run.
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Raise a glass: It's Wineglass time
It's time for the 'Grape alternative to the Big Apple,' as Runner's World editor Amby Burfoot once called our favorite local marathon, to return to the spotlight.
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Community bulletin board
A free rabies clinic for cats, dogs and ferrets is scheduled for 9 to 11 a.m. Saturday at the Erwin Town Garage on South Hamilton Street.
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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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