Abington, MA Divorce Buyout in Massachusetts
Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Massachusetts, 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 MA
| Abington, Massachusetts News |
Driver, 18, passenger killed in crash
An 18-year-old woman who was apparently driving too fast lost control of her car in Middleborough Monday night and crashed, killing herself and a young man riding in the passenger seat, State Police said.
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Two men arrested in theft of ballfield bleachers
Two men are facing theft charges today after they allegedly stole bleachers from an elementary school in Abington, presumably to sell them for scrap metal, police said.
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Let there be light
Finalists in Granite City Electric's "Field of Dreams" contest two years ago, Abington Youth Baseball officials hope the fourth time proves the charm.
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I am a non smoker, worse I am a former
Seven days a week, two great locations. One price. No appointment... great tan! Call us for monthly specials! Thomas D. Brown Real Estate Extensive listings of homes for sale throughout the lower and outer Cape ...
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Secretly Recording A Traffic Stop In Massachusetts Will Land You In The Slammer [Novelties]
On October 26, 1998, Michael Hyde was pulled over by Abington, Massachusetts police for an excessively loud exhaust system and unlit license plate on his white Porsche.
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W. Nile virus spreading in mosquitoes across Mass.
Mosquitoes are flourishing in this year's rainy season, spreading West Nile virus across Massachusetts, state health experts said this afternoon.
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Deputy assessor wanted in Abington
Town officials continue their search for a permanent deputy assessor. Charles Shea had held the full-time position for 12 years until abruptly resigning at the end of June.
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Heroes and liberators
And so on this Bastille Day that very special relationship will be celebrated here in Boston in a very special way - as five veterans who took part in the Liberation of France during World War II are awarded ...
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Grieving mom guns for bars
"My son died in the street and this bar had a part in it. I can't believe that they can help someone die and say, 'Oh, well,' and they don't face any punishment whatsoever," said Ann Feeney, whose son was ...
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Economy Affects Fourth of July Traditions
Air quality issues are partially responsible for the loss of Fourth of July traditions this year, but the economic crunch is hitting hard as well.
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Yankee seafood, Mexican taste
Carmen's Cafe Nicole 114 Water St., Plymouth 508-747-4343 carmenscafenicole.net Hours: Breakfast and lunch daily, 7 a.m.-3 p.m.; dinner Wednesday through Saturday, 3-9 p.m. Reservations accepted for six or more ...
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Boater recovering from gas explosion
An elderly man is recovering Friday after a propane blast at the Fairhaven Shipyard destroyed his boat.
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A show of love for family
ABINGTON Keri Maguire's faith in Abington's sense of kinship has been rewarded. When Maquire and a small group of friends began planning a fund-raiser for her lifelong friend, Kristen Sage, whose 41-year-old ...
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Principal hired to fill Forestdale vacancy in Sandwich
One down, one to go in the search for two elementary school principals in Sandwich, Supt.
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Sharing a water building
ABINGTON Funding finally in place, the Abington and Rockland water departments could soon be sharing a new home on Center Avenue in Rockland.
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Safer way to Belmont St. school foreseen
The section of Belmont Street that runs past Belmont Street Community School is a grind for drivers, never mind elementary school children on foot.
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Dangerous crossing
"The poetry [experience] was a very positive one, so we're going to bring them together on another shared program." ABINGTON Between 2003 and 2006, police responded to an average of 21 accidents per year at the intersection of Bedford and Randolph streets, where routes 18 and 139 cross. via Boston.com
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Woman attacked in Abington
A woman says a man grabbed her and tried to overcome her with a chemical soaked rag. via Cw56.com
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Chemical-Soaked Rag Used In Abduction Attempt
A man is under arrest in Abington, accused of trying to kidnap a woman off the street Thursday night. via WBZ-TV
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Bags Of Ice Recalled
The Massachusetts Department of Public Health issued a warning to the public not to consume ice distributed by Everett-based Triumph Foods Inc., which also does business as Tube Ice. via TheBostonChannel
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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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