Avalon, 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
| Avalon, New Jersey News |
Avalon to Have Guarded Beaches Through Sept. 7
The Avalon Beach Patrol announced on Sept. 4 that it will continue to have guarded beaches through Sept.
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Dentist Suspect In Avalon Waste Dumping Case
Sep 4, 2008 12:33 pm US/Eastern AVALON, N.J. Sources tell CBS 3 police have zeroed in a suspect in the alleged dumping of waste off the coast in Avalon, New Jersey.
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More NJ beaches closed after syringe is found
Officials in Brigantine have closed the town's beaches after a syringe and other medical waste was found near the shoreline.
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Avalon Police Arrest South African on Drug Charges
" - " The Avalon Police Department arrested a 29-year-old man from South Africa on various drug charges, early on Aug 30.
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Cape beaches debris-free on Labor Day
Beach patrols throughout the county reported no cases of medical debris on Labor Day.
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Medical debris closes some NJ beaches
Medical debris continued to pose problems for the start of Labor Day weekend along some Cape May County, N.J., beaches .
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Avalon Beaches Close Again Amid Ongoing Medical Waste Wash-Up
Beaches in Avalon, N.J. , are closed again Friday morning as inspectors comb the entire beachfront after more medical waste washed ashore overnight.
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State Attorney General's Office probes source of medical waste found on Avalon beaches
The state Attorney General's Office is offering a $10,000 reward for information regarding the medical waste that has closed Avalon beaches three times since it was first discovered Saturday.
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Avalon Closes Beaches 'Til Noon, Mayor to Hold Press Conference at 2 p.m.
Avalon Mayor Martin Pagliughi will hold a press conference to discuss today's closure of the borough's beaches.
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Medical waste brings bad publicity to N.J. seashore
With thousands of tourists headed to the Jersey shore for the last weekend of summer, the discovery of medical waste on the beach is not the type of publicity one South Jersey resort town needed.
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NJ Offers $10K Reward For Medical Waste Washup In Avalon
New Jersey Attorney General's Office offers $10,000 reward for information on those responsible for washup of medical waste in Avalon.
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More Medical Debris Found in Avalon
' - ' Officials deemed beaches safe to reopen Aug. 27 but continue to monitor the north end beaches where medical debris continued to wash ashore over four days.
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Avalon Reopens Beaches:
AVALON: View of the beach near 17th St. in Avalon. On Tuesday, Avalon's Beach Patrol closed a section of the beach from 14th St.
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Avalon Beaches Close Again Due To Medical Waste
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Avalon beaches reopen - again
The borough's northern-end beaches reopened - and stayed open - for a modest crowd Monday, after needles and cotton swabs washed ashore and caused them to be shut down twice.
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Avalon Beaches Reopen After Sweep for Medical Waste
A one mile stretch of beach in Avalon, New Jersey has reopened for swimming and recreation after cleanup crews on Monday morning made another inspection for medical waste.
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Stone Harbor surfer dies after collapsing on Avalon beach
Kristopher Zuccato died Sunday afternoon after walking from the ocean and collapsing on the beach at 30th Street.
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Free of medical debris, Avalon beach reopens
Avalon officials have reopened the Cape May County town's beaches. They were closed Saturday and Sunday because medical waste washed ashore.
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Latest update: Medical waste forces Avalon to close beaches, again
Avalon beaches were shut down again at 4 p.m. Sunday after local authorities uncovered more medical waste.
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Avalon beach reopens after medical waste washed ashore
Beachgoers returned this morning to a stretch of Avalon beach where hypodermic needles and other medical waste was found strewn across the shore Saturday morning.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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