Bound Brook, NJ Divorce Buyout in New Jersey
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 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
| Bound Brook, New Jersey News |
Bound Brook police arrest 2 after finding cocaine in their car
Authorities said they arrested two borough residents on drug-related charges after police approached a car in the area of Talmage Avenue and Columbus Place during an unrelated investigation and found a bag full ...
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Middlesex Borough blaze kills 4 dogs, displaces family
A family was displaced and their four dogs killed when an early evening fire broke out in their home Monday, Dec.
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Somerset County bus and shuttle fares may increase
Somerset County freeholders could vote on Tuesday, Dec. 2, to increase the fare of three county bus and shuttle services.
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Bridgewater police blotter
DRUNKEN DRIVING, 7:54 a.m. Nov. 14: Patricia A. McGinley, 35, of Hoboken was arrested and charged with driving while intoxicated on Finderne Avenue, police said.
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Authorities arrest Middlesex County man, charge him with drug offenses
A Middlesex County man has been arrested on a number of charges following an eight-month investigation by the Somerset County Prosecutor's Office and the Bridgewater Police Department.
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Somerset certifies election results
4, paving the way for recounts in three towns and possibly countywide. In a brief meeting, elections commissioners signed off on totals recorded by election workers from voting machines and counts of absentee, ...
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Readington police blotter
READINGTON: DRUNKEN DRIVING, 11:21 p.m. Nov. 17: A township patrolman stopped a vehicle, driven by Daniella R. Silva, 41, of Bound Brook on Route 22 east and Van Horne Road because a headlight was not working ...
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Interfaith dinner in Bound Brook hopes to draw from strengths of various faiths
By staying thankful during tough economic times and a shifting political landscape, a community can become stronger and safer, according to Rabbi Jack Kramer of Congregation Knesseth Israel.
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Vineland bakery has Italian, Mexican culinary ties
VINELAND -- San Paolo Bakery may be partially hidden on North East Boulevard, but the scent of its cookies, pastries and cakes carries around the corner and down the Avenue.
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RVCC hosts student music recital
The music division of Raritan Valley Community College's Visual and Performing Arts Department will present its annual Fall Music Students Recital from 12:10 to 1:20 p.m. Tuesday, Nov.
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Four Chaplains ceremony honors dedicated volunteers
A Chapel of Four Chaplains ceremony took place on Sunday, Oct. 19, at the Congregational Knesseth Israel Temple, 229 Mountain Ave., Bound Brook.
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Lifetime Ban on Judicial Service Sought for Judge Allegedly Drunk on the Bench
A prosecutor asked the New Jersey Supreme Court's judicial ethics tribunal on Monday to censure former municipal judge Richard Sasso, and to bar him from the bench, for allegedly being drunk in court, unruly in ...
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Judge's behavior warrants review of cases
I am becoming more and more concerned about the justice system. And before you start rolling your eyes, this is not a rant about crooked cops and stupid eyewitnesses.
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Bridgewater police blotter
THEFT, 3 p.m. Nov. 1: An employee of Rosetta Stone reported that someone stole five Rosetta Stone language-learning sets from a kiosk in the Bridgewater Commons mall.
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'Black Friday Party' encourages holiday spirit
HILLSBOROUGH - The In Balance Center for Living is encouraging clients to "shop til' they drop" and then get pampered at the South Branch Road massage facility.
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Thanks and promises from new councilmen
We would like to thank the voters of Bound Brook for all their support in electing the two of us to the Bound Brook Borough Council.
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Somerset County works to verify provisional ballots
Thousands more provisional ballots were cast in Somerset County than initially thought, and Board of Elections workers will spend the rest of the week working to verify them, the board's administrator said this ...
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Ex-municipal court judge's lies over go-go bar incident 'injurous' to judiciary, supervisor says
In continuing testimony Wednesday at the judicial misconduct hearing for former municipal court judge Richard Sasso, his one-time supervisor testified that she asked Sasso to retire or resign because he had ...
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Veterans honored in Somerville ceremony
The warmth from the twinkling eyes of Edward Kopec stilled the autumn wind Tuesday that chilled Veterans Plaza next to the Somerset County Administration Building.
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Former Judge Got Drunk Before Court
A former municipal court judge says he took Vicodin and drank wine before holding court in Bridgewater and Bound Brook.
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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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