Ocean View, 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
| Ocean View, New Jersey News |
Car Flips on Parkway in Ocean View, Driver Hurt
New Jersey State Police are investigating a single vehicle crash here on the Garden State Parkway at mile marker 16.1 southbound that occurred at about 4:55 p.m. Saturday, Nov 15.
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11/08 Bishop McHugh Catholic School's Christmas Bazaar
8 from 9 a.m to 4 p.m. The school is located at 2221 Route 9 N, Ocean View. There will be more than 80 vendors, door prizes, raffles, food, games for the children and lots more.
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Set Nov. 2 Benefit for Seriously Ill Dennis Township Sixth Grader
OCEAN VIEW a ' A benefit fund raiser is planned Sunday, Nov. 2 at Ocean View Fire Hall, 128 Route 9, for Justin Longstreet, 11, a sixth grader at Dennis Township Middle School.
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Letters, Oct. 25, 2008
Regarding the Oct. 10 photo of state Department of Environmental Protection workers setting up two portable radar units in Sea Isle City to track migrating birds: It is astonishing to me how the DEP can spend ...
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Dennis house fire leaves mom, children homeless
A woman and her two children are homeless after a fire destroyed their South Seaville home early Saturday morning.
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Firefighters Respone to Early Morning South Seaville Blaze
Firefighters responded to a multi-alarm structure fire here at 13 Siskin Lane around 1:15 a.m. on October 4. The fire was called in by a neighbor who saw a "bright light" in the rear of the single family ...
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County Chamber of Commerce Tells 2008 Award Winners
' Cape May County Chamber of Commerce Chairwoman Veronica Town has announced the recipients of the Chamber's most prestigious awards for 2008 Member of the Year, Cape May County Betterment, Committee of the ...
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Club News
The Boys & Girls Club of Vineland recently held a Family Outreach Dinner at the Carl Arthur Recreation Center in Vineland to inform parents and their children about programs taking place at the club's twounits.
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34th Annual Firefighters Memorial 5K Run in Sea Isle City
Michael Bertolini, 87, Bridgeton , the oldest runner to complete in the Firefighters Memorial 5K Run in Sea Isle City in 2007.
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Car Runs Into Clermont House
Shortly after 7 a.m. Sept. 5, Ocean View volunteer firefighters and rescue units were dispatched to 2153 Route 9 in this community after a car reportedly ran off the road and into a dwelling.
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Small-business lending in area dropping, data show
Lending to small businesses has declined statewide as banks struggle and the economy declines, but it has plummeted in the state's three southernmost counties.
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Ocean View Man Charged with Aggravated Assault in Sea Isle City Incident
Police here Aug. 5 arrested and charged an Ocean View man with aggravated assault in connection with an incident that occurred on July 30 at approximately 2:44 a.m. According to police, Richard P. White, 23, ...
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ART for History auction
Sept. 13 is the date for the first annual Art for History Fine and Decorative Arts Auction for Historical & Genealogical Society.
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Upper Township two-car crash injures two people
A two-car accident Saturday evening on Route 50 sent two people to the hospital, but authorities said the injuries are not life-threatening. State Police Sgt.
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Get contract in writing before saying yes, paying
In late April I called my phone company to restore service, which had been put "on vacation" while we were in Florida for the winter.
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Ocean View Man Charged with Forgery and Obstruction of Justice
Chief Diane M. Sorantino of the Cape May Police Department, reports that police concluded forgery investigation and filed criminal complaints against a Cape May County resident.
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Ocean View Man Charged with Forgery and Obstruction of Justice
Chief Diane M. Sorantino of the Cape May Police Department, reports that police concluded forgery investigation and filed criminal complaints against a Cape May County resident.
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Senior art winners announced
First Place winners of the 34th Annual Art Show: back row, left to right: Edward Carlin of Ocean View, Enrico Cannizzaro of Marmora, Jay Demarest of Ocean View, Betty Campbell of North Cape May, Adelaide ...
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Mugshot Hall Of Fame
Man charged with porn display in car New Jersey State Police have filed charges against a man who allegedly used his car as a rolling pornography display.
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Motorcyclist Hurt in Dennis Crash
An unidentified 18-year-old male was airlifted by South Star Medevac to AtlantiCare Regional Medical Center City Trauma Division with a broken arm and dislocated shoulder after colliding with a Dodge Neon, ...
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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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