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Acosta, PA Divorce Buyout in Pennsylvania

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 Pennsylvania, 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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Acosta, Pennsylvania News
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Legal Announcements Daily - Miami physicians, Carlos Contreras, M.D., and Ramon Pichardo, M.D., each pleaded guilty today to defrauding the Medicare program in connection with a $6.8 million HIV infusion fraud ...


University acquires work by Cuban-American artist

'Staying Alive,' a painting by Poughkeepsie resident Jose Acosta, has recently been acquired by the University of Pennsylvania and will be part of the college's art collection displayed on campus.


Monument Square makeover is done

The "new look" Monument Square section of downtown Lewistown is completed, and with that, local officials are planning to celebrate.


Seven illegal immigrants, some with warrants, arrested in Monroe County

Three of seven illegal immigrants stopped early Monday morning in a van on Interstate 80 had warrants for their arrest, a news release from Pennsylvania State Police at Swiftwater says.


Hope colors canvases

One can almost feel the energy swirl through the colorful, vibrant paintings of Cuban-American artist Jose Acosta. via Poughkeepsie Journal


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