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Aquebogue, 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.

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Aquebogue, New York News
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The owner of five maltreated horses rescued from a property Sunday in Central Islip pleaded not guilty Monday to charges of animal cruelty in Suffolk District Court, not far from where the horses were seized.


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A kindergarten teacher heading home with her husband and 23-month-old daughter was killed after a swerving car crashed into the family's sport utility vehicle in Wading River, her father said yesterday.


Day trip: GREENPORT

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Police arrest nine at Riverhead sobriety checkpoints

Riverhead police arrested nine people at sobriety checkpoints on Saturday night and Sunday morning.


Grieving friends, family try to make sense of loss

A makeshift memorial for Tuesday's plane crash victims was placed outside police tape in Easton.


14-year-old found dead in Aquebogue pool

In the latest of a series of pool drownings across Long Island in recent weeks, a 14-year-old boy died Thursday after he was found unconscious in a swimming pool at an Aquebogue home, Riverhead Town Police ...


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One of a pair of Ospreys I'd photographed since May 2005. Each year they come back to their nest, hoping to start a family and hanging out until fall.


East End

Reports from county or village police, April 27-May 10. Aquebogue A garage was broken into on Sunup Trail May 1; a toolbox valued at $100 was taken.


Aquebogue pair make appeal so they can move into home

"But we have to pay the taxes on it"

Henry and Melissa Silverman went to the state office building in Hauppauge yesterday with an engineer, an architect, a lawyer, a lengthy PowerPoint presentation and six years of frustration. via Newsday.com


More women realize they are happy to be single

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NY Dept. Bans Alcohol After Apparatus Wreck

"I have a CC [case report] number"

Mar. 15--The Riverhead Fire Department has gone dry. The department's commissioners banned alcohol from their firehouses following what police say was a drunken driving accident last month in which a Fire ... via FireHouse.com


Riverhead Fire Dept. bans alcohol at firehouses

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The Riverhead Fire Department has gone dry. The department's commissioners banned alcohol from their firehouses following what police say was a drunken driving accident last month in which a Fire Department ... via Newsday.com


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Long coops, each housing ducks of a different age, hug the ground and form a courtyard at the entrance to the Jurgielewicz family property - believed to be the only major free-range duck farm in the United ... via New York Times


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