Aberdeen Proving Ground, MD Divorce Buyout in Maryland
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 Maryland, 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 MD
| Aberdeen Proving Ground, Maryland News |
Lawmakers demand fort transfer information
The Shore area congressional delegation is requesting that Secretary of Defense Robert Gates provide information on the transfer of Fort Monmouth's mission, according to a letter sent Thursday.
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Fort Monmouth: New hearing sought in effort to keep base open
FORT MONMOUTH -- Bolstered by a federal agency's determination that the Department of Defense failed to explain how closing Fort Monmouth will not adversely affect the global war on terrorism, the Shore area's ...
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Chemical weapon depots look to weapon-less future
During the Cold War, the Pine Bluff Arsenal held the secrets of the nation's stockpile chemical and biological weapons against prying Soviet eyes.
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2. Hiring shortfalls risk disrupting military mission at Aberdeen
Army officials will need to hire thousands of new workers to ensure that closing Fort Monmouth , N.J. , and transferring its functions to Aberdeen Proving Ground won't disrupt the services the bases provide to ...
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Reporter's Notebook: Military Intelligence - Change of command
Saturday, Col. Charles Whittington Jr. assumed command of the Maryland Army National Guard's 58th Infantry Brigade Combat Team from Col.
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$72.7B bill passes ensuring veterans' medical care
A $72.7 billion bill funding military construction and veterans' benefits has passed the U.S. House of Representatives, giving the Defense Department marching orders to plan for the continued medical care for ...
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Group says rewriting Harford County development laws would ruin quality of life
The arrival of 19,000 new residents by 2015 because of the expansion of Aberdeen Proving Ground could change the physical landscape of Harford.
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Golf course owners bet on base growth to reverse slump
A top Aberdeen golf course will close by year's end and be redeveloped into housing, as its owners seek to capture some of the 7,000 new households predicted to follow military growth at Aberdeen Proving Ground ...
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Train riders rail against parking
Ridership has increased on the MARC train's Penn Line from Perryman to Washington by nearly 25 percent this year.
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Preserving Deer Creek Valley
On the wall maps in the county's land preservation office, the color green marks the nearly 45,000 acres that are permanently safeguarded from development.
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Navy base cash OK'd by Senate committee
Naval Support Facility Indian Head may receive almost $26 million in federal aid for sewage treatment plant upgrades and construction of the base's Energetics Lab Complex, Sen.
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Navy base cash OK'd by Senate committee
Naval Support Facility Indian Head may receive almost $26 million in federal aid for sewage treatment plant upgrades and construction of the base's Energetics Lab Complex, Sen.
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Iraq troop trash fuels innovation
Wars have given us the Jeep, the computer and even the microwave. Will the war in Iraq give us the Tiger? Military scientists at Edgewood Chemical Biological Center at Aberdeen Proving Ground hope so.
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Parent at war, coping at home
For Cody Caudill, it "wasn't that big of a deal" when his dad went to Bosnia in 2001 with the Maryland National Guard.
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BRAC may create new jobs for poor
With thousands of defense-related jobs coming to Maryland in the next few years, local social services officials see a golden opportunity for poor people to get better jobs, especially in high-priced suburbs in Howard, Anne Arundel and Harford counties near the targeted bases. The Aberdeen Proving Ground area is expected to get 27,000 new jobs in the next decade, said Rick Walker, Harford County's assistant director of social services. Officials in Howard and Anne Arundel counties expect the first 5,300 jobs coming directly to Fort Meade will be followed in five or six years by two or three times more private defense and support jobs. Those are the positions social services officials hope their clients can get access to.
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Legal motion to protect 263-year-old Harford house fails
Construction of a $1.2 million bridge across Cranberry Run in Aberdeen will continue after legal efforts to halt the project failed today when a Harford County judge ruled that the local court had no ...
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Young campers learn to play it safe
On his second day at Play It Safe Camp, 8-year-old David Bell of Port Deposit easily identified potential hazards in the replica of a child's bedroom - the towel tossed over a lampshade, the wire running under a rug and the space heater left in the middle of the floor. When the room filled with fake smoke, David knew that he had to jump out the window. 'You have to get out the quickest way you can,' said fellow camper and jumper Allie Frick, 8, of Havre de Grace. Not to worry. No injuries resulted from the mock fire incident. David and Allie landed on a cushy pad and raced to the flag pole with other campers. The possible dangers were built into the Aberdeen Proving Ground Fire Department's Safety House, a traveling exhibit that helps teach children fire safety. The $60,000 trailer, with its re-created kitchen and child's bedroom, both filled with numerous possible fire sources, came to the 15th annual Play It Safe Camp at Level Volunteer Fire Co. last week. 'We can simulate a house fire or a natural disaster to help prepare children how to act in an emergency,' said Inspector Chris Starling of the APG department. 'We teach them not to hide in a fire but to leave right away. This is hands-on, and it can be frightening. But it is an effective learning tool.' After going through the house, Kyle Cameron, 8, of Havre de Grace said, 'I learned when there is smoke, you stay low to the floor and check the door for heat with the back of your hand, and then get out. And I learned you don't hide from a fire in your house because it will find you.' For the three-day camp, about 120 elementary school-age children rode on a firetruck, blew sirens and handled the hoses. 'We try to get them to experience what firefighters do,' said volunteer Ashtin Jackson. The children practiced escaping from a smoke-filled building, learned how to prepare for a weather emergency and heard why they should avoid playing near train tracks. Nearly 50 volunteers helped put together the company's popular camp and kept it focused on accident prevention. 'It is really good to get them young,' said Rhonda Polk, the camp organizer. 'They are like sponges and can absorb a lot. We give them a fun way to learn without lecturing them.' Volunteer Dawn Workman's four children attended the camp, and three of them are now emergency medical technicians for the fire company. 'This camp is the best thing, with so much hands-on learning for kids,' she said. 'They will carry these lessons on in their lives.' Nearly half the campers are repeaters who participate every year, Polk said. 'They come back every year, until they are too old, and even then, they come back as helpers,' Polk said. Brandon Standiford, 11, volunteered this year after several stints as a camper. He repeatedly set up cones, which were the targets of hoses aimed by young campers. 'I came back so the little kids can have fun and learn something here,' Brandon said. 'I remember a lot of things from camp.' The camp added a railroad-safety program this year, a timely inclusion given the many trains in the area, said Art Lawson, community resource officer for Amtrak. He led the campers through several activities that demonstrated the speed, power and danger of trains. 'The idea is to keep kids away from train tracks,' Lawson said. 'They don't realize how fast a train goes, how quiet it can be and how it can come out of nowhere.' Devin Morse, 8, of Havre de Grace, who assured Lawson he could run really fast even down a railroad track, volunteered for an exercise in train safety. When the camper audience yelled, 'Go,' Devin took off at his best speed, only to run right into Lawson, who played the role of the train. 'You can't play around the tracks,' Lawson said. 'The first rule is, trains can be on any track at any time, even when you think you know the schedule.' No camper rivaled Matthew Saylor, 6, for enthusiasm. He arrived in full turnout gear, from helmet to boots. The outfit served him well and kept him dry as he tried to handle a hefty hose and aim it at a target. 'He lives in that gear,' Polk said of her nephew, whose father is a firefighter in Baltimore. 'My son was the same way at that age. He's 16 now and a volunteer here.' Polk generally limits camp to 100 children. But she had many more applications this year and allowed 120. 'I didn't have the heart to turn anyone away,' she said. 'Who knows? We might miss the one kid who really needs these lessons.'
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Maryland officials question federal funding to teach children of service members
Jul 11, 2008 12:00 AM by Jason Flanagan , The Examiner A military pact promises more federal funding to educate children of military service members, but Maryland school officials question the availability of ...
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IOTV: Interceptor's Incremental Improvement
IOTV: key features The USA's Interceptor OTV Body Armor, and its SAPI/ESAPI ceramic plate inserts , offer a significant improvement over its 1990s predecessors in terms of both weight and protection.
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Testing lab puts land into preservation
A ballistics testing facility in northern Harford County has placed nearly half of its property in a land preservation program. The H. P. White Laboratory owns nearly 300 acres surrounding its facility, which sits across Scarboro Road from the county landfill in Street. The company will receive $1.9 million from the Maryland Agricultural Land Preservation Foundation to restrict development on 136 acres along Boyd Road. Much of the land is leased to farmers. 'We want to preserve the farmland that is around us,' said Eric Dunn, vice president of the laboratory. 'All this land is being farmed now.'
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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