Addison, NY Divorce Buyout in New York
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 York, 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 NY
| Addison, New York News |
Encore performances
The men's and women's champions of 2007 came back to the Wineglass Marathon on Sunday and repeated their victories by finishing first again in the annual Bath-to-Corning run.
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Raise a glass: It's Wineglass time
It's time for the 'Grape alternative to the Big Apple,' as Runner's World editor Amby Burfoot once called our favorite local marathon, to return to the spotlight.
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Community bulletin board
A free rabies clinic for cats, dogs and ferrets is scheduled for 9 to 11 a.m. Saturday at the Erwin Town Garage on South Hamilton Street.
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Kuhl announces grants for Addison, Southport
U.S. Rep. John R. Kuhl Jr., R-Hammondsport, today announced grants for the village of Addison and the town of Southport.
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Violence numbers again don't add up to truth
Star-Gazette's return look at school reports shows that procedures still vary wildly.
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School violence reports still spotty
S. Tier districts have different interpretations of what incidents should be filed with state.
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Man arrested after high speed chase in Steuben County
A Cincinnatus, NY man wanted in New Jersey was arrested today after a high speed chase through several Steuben County towns.
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Oil jumps $5 on sliding dollar
Oil prices shot up more than $5 a barrel today, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of supply disruptions to the West.
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Police Record
*Andrej Konopski, 21, of Sleve Road in Bradford, was charged Aug. 9 with driving while intoxicated, having a blood alcohol level greater than .08 percent, first-degree aggravated unlicensed operation of a motor vehicle and failure to keep right. *Vincent P. Mullaney, 35, of Indian Hills Road in Addison, was charged Aug. 11 with second-degree aggravated unlicensed operation of a motor vehicle. *Alex J. Groves, 18, of Watauga Avenue in Corning, was charged Aug. 12 with unlawful possession of marijuana and no brake lights. *David T. Buechner, 20, of Chemung Street in Corning, was charged Aug. 12 with unlawful possession of marijuana. *A 17-year-old Corning youth was charged Aug. 12 with third-degree assault. *Jordan E. Townsend, 22, of Taft Road in Painted Post, was charged Aug. 13 with petit larceny. *Susan L. Warrick, 40, of Mill Street in Painted Post, was charged Aug. 13 with second-degree assault. *David P. Bertrand, 23, of Lower Delevan Avenue in Corning, was charged Aug. 14 with petit larceny. *Dean M. Delio, 21, of West First Street in Corning, was charged Aug. 15 with driving while intoxicated, inadequate brake lamp and refusing to submit to a breath screening test. *Shawn M. Howell, 22, of Fenderson Street Extension in Painted Post, was charged Aug. 15 with second-degree harassment. *Tonya T. Palmer, 38, of East Third Street in Corning, was charged Aug. 16 with driving while intoxicated, leaving the scene of a property damage accident, speeding, and improper or no signal. *Nicole A. Brown, 20, of East Second Street in Corning, was charged Aug. 17 with unlawful possession of marijuana, tampering with physical evidence and second-degree obstruction of governmental administration. *Robert C. Gitchell Jr., 19, of Laurel Street in Corning, was charged Aug. 17 with third-degree criminal tampering and second-degree obstruction of governmental administration. *William Hall, 35, of Chemung Street in Corning, was charged Aug. 17 with first-degree rape, first-degree criminal contempt and second-degree harassment. He was arraigned in Corning City Court and sent to the Steuben County Jail in lieu of $10,000 cash bail or $20,000 property bond. *Kevin J. Bennett, 41, of Goff Street in Corning, was charged Aug. 19 with first-degree criminal contempt and unlawful possession of marijuana. *Robin L. Pierce, 49, of Main Street in Savona, was charged Aug. 19 with second-degree criminal contempt. The addresses listed in record items -- the last known residence of the accused or the address the person gave to law enforcement officers -- are obtained by the Star-Gazette from police or court records.
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Police Record
*Aaron Brimmer, 19, of Washington Court in Elmira, was charged Aug. 1 with seventh-degree criminal possession of a controlled substance. *Albert Steadman, 33, of Wellsburg, was charged Aug. 1 with third-degree aggravated unlicensed operation of a motor vehicle after a traffic stop. *Joseph Grosz Jr., 50, of West Water Street in Elmira, was arrested Aug. 2 on a warrant charging him with driving while intoxicated stemming from the violation of a conditional discharge. *William E. Donaldson, 33, of West Clinton Street in Elmira, was charged Aug. 2 with felony driving while intoxicated and first-degree aggravated unlicensed operation of a motor vehicle after a traffic stop on South Main Street. *Daniel K. Galbreath, 20, of West First Street in Elmira, was charged Aug. 2 with third-degree aggravated unlicensed operation of a motor vehicle after a traffic stop on South Main Street. *Brian K. Mullen, 32, of Waverly, was arrested Aug. 3 on a warrant charging him with criminal mischief. *Jacob Plummer, 27, of West Miller Street in Elmira, was charged Aug. 3 with third- and fourth-degree criminal mischief. *Tracy Wilson, 21, of West Gray Street in Elmira, was charged Aug. 3 with second-degree criminal contempt. *Eddie Evans, 49, of Davis Street, was charged Aug. 3 with third-degree burglary. *Frederick J. Glenn Jr., 20, of Elmira, was arrested Aug. 5 on a warrant charging him with driving while intoxicated, fourth-degree criminal mischief and petit larceny. *Frank A. Mueller, 26, of Elmira, was charged Aug. 5 with unlawful possession of marijuana. *Brenda L. Palmieri, 44, of Elmira, was arrested Aug. 5 on a warrant charging her with facilitating third-degree aggravated unlicensed operation of a motor vehicle. *Derrick D. Dupree, 21, of Elmira, was charged Aug. 6 with unlawful possession of marijuana. *Bonnie L. Silvernail, 51, of West First Street in Elmira, was charged Aug. 7 with falsely reporting an incident. *Christopher W. Sommer, 25, of Savona, was charged July 31 with felony driving while intoxicated. *Debra A. Powers, 35, of Hornell, was charged Aug. 1 with first-degree unlawfully dealing with a child *Ryan M. Durfey, 31, of Van Etten, was charged Aug. 3 with driving while intoxicated and endangering the welfare of a child after a traffic stop. *Frank T. Galvan, 52, of Bath, was charged Aug. 5 with driving while intoxicated after a traffic stop. *Nichole L. Cotter, 21, of Savona, was charged Aug. 6 with driving while intoxicated. *Steven Shoemaker, 25, of Bath, was charged Aug. 7 with driving while intoxicated. *Raymond D. Riffle, 20, of Addison, was charged Aug. 2 with issuing a bad check. *Brian M. Fay, 42, of Bath, was charged Aug. 7 with three counts of issuing a bad check. *John J. Jodway, 28, of Corning, was charged Aug. 6 with second-degree harassment. *Linda L. Hand, 40, of Cameron Mills, was charged July 31 with unlawfully dealing with a child and disorderly conduct. *Aaron P. Nichols, 19, of Campbell, was charged Aug. 2 with underage possession of alcohol. *Iryn B. Meyers, 29, of Wayland, was charged Aug. 2 with third-degree assault. *Nicole L. Hartzell, 18, of Atlanta, was charged Aug. 5 with driving while ability was impaired. *Jon B. Easton, 45, of Horseheads, was charged Aug. 6 with felony driving while intoxicated after a traffic stop on Interstate 390. *Mathew R. Miller, 26, of Hornell, was charged Aug. 7 with driving while intoxicated and reckless driving. *Anthony A. Barna, 33, of Leraysville, was charged Aug. 1 with violating a protection order. *James K. Buskirk, 21, of Rome, was charged Aug. 2 with burglary, criminal trespass and assault after an incident at a residence in Litchfield Township. *Denise Crain, 56, of Ulster, was charged Aug. 2 with reckless endangerment. *Bryan Reynolds, 37, of Sayre, was charged Aug. 3 with harassment. *John Garino, 20, of Gillett, was charged Aug. 3 with assault stemming from an incident on June 19 in South Creek Township. *Conway Garner, 23, of Towanda, was charged Aug. 5 with harassment. *Jennifer L. Thompson, 22, of Wysox, was charged Aug. 6 with harassment. *Karina Pazos, 18 of Horseheads, and a 15-year-old Horseheads girl were charged Aug. 1 with petit larceny at Wal-Mart in Horseheads. *Krista L. Steinhauer, 28, of Elmira Heights, was charged Aug. 1 with petit larceny at Macy's in the Arnot Mall in Big Flats. *Josephine E. Detar, 54, of Millport, was charged Aug. 4 with aggravated harassment. *Joshua W. Vanderpool, 18, of Gillett, and a 16-year-old Horseheads boy were charged Aug. 5 with underage possession of alcohol. Vanderpool was also charged with unlawful possession of marijuana. *Ricky A. Otts, 49, of Hector, was charged July 23 with felony aggravated cruelty to animals stemming from the shooting of a cat. *Michael Conover, 69, of state Route 79 in Mecklenburg, was charged Aug. 5 with cruelty to animals stemming from allegations he kept several cats in a house in unsanitary conditions. *Nathan J. Hemme, 21, of Concordia, Mo., was charged Aug. 3 with third-degree assault and disorderly conduct. *Carmella R. Hare, 32, of Utica, was charged Aug. 3 with third-degree criminal tampering, second-degree harassment, disorderly conduct and unlawful possession of marijuana. *Karl M. Wenzl, 31, of Susquehanna, Pa., was charged July 24 with carrying a firearm without a license when not permitted to carry a firearm. He was arraigned in district court and committed to the Potter County Jail in lieu of $15,000 bail. The addresses listed in record items -- the last known residence of the accused or the address the person gave to law enforcement officers -- are obtained by the Star-Gazette from police or court records.
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Nationwide agencies to host show car, simulator
Nationwide Insurance, sponsor of the NASCAR Nationwide series, will have its show car and simulator at several sites this week in conjunction with Saturday's Zippo 200 race at Watkins Glen International.
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Valley Car Thieves Doing Well For Themselves
Historically, some businesses thrive during recessions and it seems that Valley car thieves will post a very strong quarter.
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Addison railroad crossing improvements planned
The state Department of Transportation, in cooperation with the village of Addison and Norfolk Southern Railway Company, plans to improve the railroad facility and railroad crossing on state Route 417 in the ...
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People in the Twin Tiers
St. James Mercy Hospital *MOON -- A son, Thursday, July 31, 2008, to Timothy and Kealica Campbell Moon of Prattsburgh.
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Cross country series gets you ready for the fall
The Wineglass Running Club is presenting its annual summer cross country series.
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Community dance tonight in Addison
ADDISON - The Addison Community Center will host a community dance from 7:30 to 11:30 p.m. today at its facility on Community Drive, off Front Street, behind Webb's Grocery.
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Near Drowning Victim's Condition UPDATE
Police have identified the victim as Donald Combs of Lindley. They say combs and other children were swimming, under adult supervision, when he slipped under water.
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Lindley boy, 7, remains critical following near drowning
LINDLEY - A 7-year-old Lindley boy, who nearly drowned Tuesday in the Tioga River, remained in critical condition Wednesday morning at Strong Memorial Hospital in Rochester.
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Community Foundation Spring Grants
The Community Foundation of Elmira-Corning and the Finger Lakes Inc., at 307B E. Water St.
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Summer reading program winners
This week's prize winners in the Star-Gazette Summer Reading Program are: *Sydney Northup, a second-grader at Chemung Elementary, will receive a signed copy of "I Like Gum" written by Doreen Tango Hampton and ...
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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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