Plainfield, 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
| Plainfield, New Jersey News |
Plainfield mayor's bodyguard, a former cop, charged with stealing thousands from PBA
A nearly 25-year veteran of the city's police force, who served as a bodyguard for the current mayor, was charged Monday with theft after authorities accused him of stealing several thousand dollars from the ...
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Appellate court upholds Plainfield man's six-year prison sentence on drug-distribution charges
An appellate court has upheld the conviction and sentence of a city man on charges of distribution of cocaine and heroin.
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Plainfield cop accused of stealing PBA funds
A veteran Plainfield police officer was charged today with one count of third-degree theft after he allegedly stole several thousand dollars from the local Policeman's Benevolent Association, Union County ...
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Santa's helpers on our fire to aid South Plainfield children, parents
The borough's firefighters will once again play Santa's helpers as they bring the Jolly One to local children's doorsteps while raising money to aid their department.
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Family escapes as blaze damages home in Plainfield
A fire on Sunday, Nov. 30, at a Plainfield Avenue residence left a family of four looking for shelter elsewhere.
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South Plainfield man still in critical condition after motorcycle crash
A 43-year-old borough man remained in critical condition Sunday afternoon after he was thrown from his motorcycle in a crash on Metuchen Road on Saturday, hospital officials said.
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Plainfield man admits robbery and bias count in attack on teen
A Plainfield man pleaded guilty yesterday to yelling a racial slur at a teenager, pummeling the youth and taking his bike, because the boy was white.
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South Plainfield OKs measure to regulate local beekeeper
The borough passed its first beekeeping ordinance on Monday, Nov. 24, after making some slight revisions requested by the borough's lone beekeeper.
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Tri-County Chapter of American Red Cross does turkey giveaway in Plainfield to help those in need
Since he's usually wrapped up this time of year in coordinating the packaging and distribution of dozens of Thanksgiving turkeys and bags of supplementary food items, Nathan Rudy doesn't always have time to ...
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Plainfield citizens budget committee blasts quality of city's fiscal management
The city received a report card Monday, Nov. 24, and its grades weren't pretty. A long-awaited presentation by the Citizens' Budget Advisory Committee, a 16-member board of local residents created in August to ...
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Queen City art gallery celebrates 140 years
Ask owner Ann Swain just how often she's able to take a step back and appreciate the rich history of Swain Galleries, the Watchung Avenue business that bills itself as Plainfield's oldest retail establishment, ...
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Chicagoan to open new charter school in Plainfield in September 2009
Norman Pressman described his relationship with his late sister Ellen as an 'inseparable bond' shared between the only two children of Jewish Holocaust survivors who endured four years in concentration camps ...
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Plainfield man among those rounded up in heroin sting
Several "verified" Bloods gang members were arrested early Thursday morning in connection with a "significant" heroin operation run throughout three counties in North Jersey, law enforcement officials said.
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Plainfield mayor joins effort to collect food for needy families
City and local church officials will hold a community event to benefit needy families in the city from 2:30 to 7:30 p.m. Monday, Nov.
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2 Plainfield men charged in armed robbery of North Plainfield store, police chase
Two Plainfield men have been charged with armed robbery following a high-speed police chase Wednesday, Nov.
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North Plainfield business cut out for glasswork
If it can be made out of glass, we can make it. That's the message delivered by Stacey Manfredo, general manager for Gorkin Glass, the company that has operated on or immediately off the Somerset Street ...
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Cops nab man on warrant after stopping him on jaywalking charge in North Plainfield
Jaywalking in the borough can get you in trouble --- especially if there's a warrant for your arrest.
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South Plainfield police blotter
BURGLARY, THEFT, Nov. 10: A Trenton man is facing burglary and theft charges after police responded to a report of a burglary in progress and found him in a ransacked bedroom, authorities said.
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North Plainfield police blotter
NORTH PLAINFIELD: WARRANT ARREST, 10:43 a.m. Nov. 3: Police said they arrested Miguel H. Sagardia, 45, of Perth Amboy on a $500 warrant from Perth Amboy during a traffic stop in the area of West End and Willow ...
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South Plainfield church hosting holiday boutique
A holiday boutique and tea room will be Saturday, Nov. 22, from 9 a.m. until 4 p.m. at Wesley United Methodist Church, 1500 Plainfield Ave.
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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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