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Alexandria, 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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Alexandria, Pennsylvania News
Local woman catches scam

A Chambersburg woman almost fell prey recently to a scam that could have cost her thousands of dollars.


Pastor who helped get "under God" in Pledge dies

Nov 29, 2008 A church official says the clergyman credited with helping to push Congress to insert the phrase "under God" into the Pledge of Allegiance has died in Alexandria, Pa.


Pastor who helped get 'under God' in Pledge dies

A church official says the clergyman credited with helping to push Congress to insert the phrase 'under God' into the Pledge of Allegiance has died in Alexandria, Pa. The Rev. George M. Docherty was 97.

Nancy Taylor, historian for the Huntingdon Presbyterian Church, says Docherty died on Thanksgiving at his home in Alexandria, with his wife, Sue, by his side.

Docherty delivered a sermon saying the pledge should acknowledge God in 1952 at Washington's New York Avenue Presbyterian Church, just blocks from the White House.


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Paul Bean

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St. Cyril's kicks off carnival tonight

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Donavan Miller was back to his playful self on Tuesday, stacking Lego blocks with his brother and chasing a wind-up car across the floor.


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Attorney General Corbett announces Internet child predator arrests in ...

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The following is a partial list of criminal cases handled by judges in the most recent term of Westmoreland County criminal court.


Locals help with Gustav recovery efforts

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Pa. church wins judgment against former pastor

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Decisions of the Westmoreland County judges

The following is a partial list of criminal cases handled by judges in the most recent term of Westmoreland County criminal court.


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