Allenwood, NJ Divorce Buyout in New Jersey
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 New Jersey, 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 NJ
| Allenwood, New Jersey News |
Police Briefs II
Boy struck by car in Brick BRICK: A 4-year-old boy was struck by a car after running into Primrose Lane from between two cars, Sgt.
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Farmingdale offer: Office for State Police services
When the New Jersey State Police lost their Allenwood barracks to budget cuts earlier this year, borough officials stepped up and offered a room in the community center as a substation.
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Make the instruments that make the music
As a young girl, Erika Sayar dreamed of becoming a solo cellist. But during her summers as a youth, she would help in her father's violin shop, Safran Strings in Wall, and knew she would inherit the business.
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HELEN DeMAIO ZAMARRA, 98, of BRIELLE
HELEN DeMAIO ZAMARRA, 98, of BRIELLE, passed away Monday, May 12, at Geraldine Thompson Care Center, Allenwood. via Asbury Park Press Online
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Farmingdale offers space to State Police
"For the most part, that room will be utilized to do reports" It's small in size, but the back room of the recently refurbished Farmingdale Community Center once slated for use by the borough's Historical Society now will become home to State Police officers who patrol ... via Asbury Park Press
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Justify closing Allenwood station
Rumors of state plans to close the Allenwood State Police Station in Wall Township were confirmed Wednesday, fueling long-standing public safety fears expressed by officials and residents in areas covered for ... via Asbury Park Press Online
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Justify shutting police barracks
The announcement by State Police last week that they will close the Allenwood State Police barracks in Wall rendered legislation proposed by Sen. via Asbury Park Press
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State Police Allenwood barracks to close May 1
"We're going to feel the effects of this. We're still going to continue the fight to keep a State Police presence in Monmouth County." The Allenwood State Police Station will close on May 1, with the 30 troopers stationed there reassigned to locations in Hamilton, Farmingdale and Sea Girt, the State Police said today. via Asbury Park Press
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School staffers nabbed in drug, gambling probe
"Most of the drugs were sold by phone and by deliveries to pickup homes. We were able to find a rather significant network of crack and marijuana dealers in south Bergen." HACKENSACK -- A seven-month investigation into a drug and gambling ring with alleged ties to organized crime yielded arrests of 45 people Tuesday, including a high school athletic director and a teacher from ... via Daily Record
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Kean introduces legislation to halt closure of Allenwood State Police station
"This legislation would ensure that this barracks would not be shut down if it has been deemed essential to the security of our area." State Sen. Sean Kean has introduced legislation designed to stop, or at least slow down, any plans to close the Allenwood State Police Station in Monmouth County. via Asbury Park Press
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Two vehicles collide in Neptune accident
Two vehicles collided after a driver failed to yield to traffic at a stop sign at Seventh Avenue and Memorial Drive about 4:45 p.m. today, police said. via Asbury Park Press
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Wall man gets five years for Catholic school theft
The former principal of a Roman Catholic high school in Burlington County was sentenced to five years behind bars for stealing more than $415,000 from the school. via Asbury Park Press Online
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Kean seeks information on possible closing of Allenwood State Police station
"If the Allenwood Barracks is closed, we must find a viable alternative to keep a State Police presence in the area" State Sen. Sean Kean has waded into the controversy about the possible closing of the State Police Station in Allenwood. via Asbury Park Press
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Don't transfer state troopers
Closing down the Allenwood State Police station in Wall and reassigning many of its troopers to Hamilton has been presented as pretty much of a fait accompli. via Asbury Park Press Online
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Location, value attract buyers to Cedar Hollow Estates
"The gracious interiors and maintenance-free living afforded residents of Cedar Hollow Estates make this an ideal community to call home the entire year through" Located in the exclusive Allenwood section of Wall, the townhouses at Cedar Hollow Estates are attracting home buyers interested in year-round Shore living. via Asbury Park Press Online
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Allenwood State Police station might be shut down
"After reviewing the statistical information that the station generates, it seems ludicrous to close the station and relocate the personnel.'" All signs may point toward the closure of the Allenwood State Police station, but local officials say they remain convinced that would be a bad move. via Asbury Park Press Online
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Wall schools plan fixes for overcrowding
The township's Board of Education plans to address problems facing the school district, including overcrowding, at an upcoming special meeting, said Stephanie Ham, secretary to Assistant Superintendent Jean ... via Asbury Park Press Online
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Message in a Bottle
"People ask, "Why don't you throw it off the beach in Manasquan?' If I threw it off the beach in Manasquan, it would end up in Long Island. There's no current" Wall man gets a surprise letter from France By Alex Biese * STAFF WRITER * December 27, 2007 For 10 years, Wall resident and avid fisherman Dean Kuehnen, 63, has been placing messages in bottles and leaving ... via Asbury Park Press
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Robert H. Flood, 80, of Allenwood, Wall
ROBERT H. FLOOD, 80, of Allenwood, WALL, died Saturday, Dec. 8, at Geraldine L. Thompson Care Center, Wall. via Asbury Park Press Online
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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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