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Paulsboro, 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
| Paulsboro, New Jersey News |
Tailgaters at Collingswood parade keep tradition alive
It was your typical tailgating party with open trunks, folding chairs and food, but there was no game that day.
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Route 44 over Mantua Creek between West Deptford and Paulsboro to close Monday
The New Jersey Department of Transportation today announced the upcoming temporary closure of Route 44 over the Mantua Creek in Paulsboro and West Deptford Township.
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Report Says Linden Chemical Facility Is Among Nation's Most Dangerous
New Jersey is home to five of the nation's most "dangerous" chemical facilities, according to a report released last week.
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Glouco sponsors joint revitalization effort
Gloucester County officials are trying to better orchestrate growth in the region through detailed economic studies and surveys of each municipality.
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Couple struggles after brutal attack
If you give him a ratchet and a rag, Eddy Prauze can take any beat-up junker of a car, pound some life into it, and get it back on the road.
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Police continue search for missing NJ hunter
The search for a duck hunter who fell into Mantua Creek after his boat overturned has turned into a "recovery operation," a spokesman for the U.S. Coast Guard said Sunday.
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Reports lists five NJ chemical plants among nation's most vulnerable
WASHINGTON - Five New Jersey chemical plants are among the nation's 101 most 'dangerous' facilities because terrorist strikes or innocent accidents could release poisonous gases that could kill or harm millions ...
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Hunter missing as boat flips
PAULSBORO A duck hunter was missing late Saturday night after the boat he and three others were in capsized in the Mantua Creek about the time a fast-moving rainstorm passed through the region.
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Search for missing duck hunter resumes in Mantua Creek in Paulsboro
The search resumed this morning for a missing 23-year-old duck hunter from Paulsboro who went missing when his boat capsized in the Mantua Creek Saturday.
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Football: Pennsville @ Paulsboro:
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Three duck hunters rescued from Mantua Creek, a fourth is missing
Rescue personnel are looking for a duck hunter who went missing in the Mantua Creek between Paulsboro and West Deptford Township.
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Six arrested for fight at Landmark in Glassboro
Six people were arrested early Friday following a fight outside the Landmark Americana Tap and Grill on North Main Street.
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US Cash Products-Group ULSD holds strength on ag demand
Ultra-low sulfur diesel in the Midwest's Group Three hub held Thursday's gains on Friday as strong late harvest demand continues, traders said.
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Attorneys still split on Gallenthin eminent-domain ruling
Nearly a year and a half ago, the New Jersey Supreme Court issued a unanimous ruling making it considerably more difficult for municipalities to use eminent domain to seize private land for redevelopment.
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Gloucester County GOP To Salvatore: Election Day Wasn't So Smooth
Gloucester County Republican Executive Committee Chair Loran Oglesby has taken issue with a recent news report claiming that Election Day went smoothly in Gloucester County.At issue is a recent news report in ...
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Gloucester County: Dozens of arrests in street gang crackdown
WOODBURY - A five-month, multi-agency task force operation targeting violent offenders and gang members in Gloucester County swept up 59 people, county and state officials have announced.
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N.J. Supreme Court declines to hear Long...
The long-running dispute between homeowners and Long Branch over the seaside city's attempts to seize properties under eminent domain is headed back to state court.
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Health care, Iraq issues draw out Paulsboro voters
PAULSBORO - At Paulsboro Volunteer Fire Association No. 1, voters continued to stream in around 8:45 a.m. and poll workers reported no problems.
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Absentee Voting in Paulsboro:
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Glouco EMS a success in its first year
One year after 10 municipalities joined with the county in the state's first regionalized Emergency Medical Services effort, both sides praise the outcome.
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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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