Attica, 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
| Attica, New York News |
Signs of the times: A partisan, but friendly, divide for Batavia family
Growing up in Attica, Wyoming County, Mark Clark honed his debating skills during impassioned dinner table discussions about politics with his parents and his eight brothers and sisters.
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"Good Morning America" visit leads to assistance for Arcade & Attica Railroad
Twelve-year- old Jon Thomas Robertson managed to hold back tears and smile broadly Tuesday, when his favorite television star surprised him on "Good Morning America" with the announcement that "Extreme Makeover ...
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Venerable Rocker Billy Worthy Of Idol Worship
WITH all his major hits written and recorded more than 20 years ago, Billy Idol might seem like more of a rocking-chair guy than a rocker.
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Town of Attica Man Dies In Motorcycle Accident
A Wyoming County man is dead following a motorcycle accident on Saturday night. Sheriff's Deputies say 39-year-old Eugene Maciejewski of Attica was driving along Dutch Hollow Road when he approached a curve and ...
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John Lennon's killer denied parole
John Lennon's killer Tuesday was denied parole for a fifth time. In turning down Mark David Chapman's request to be let go, a two-member Parole Board panel cited the predmeditated nature of his killing of the ...
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Crisis Puts Ny in 'Sell' Hell
Warning of an approaching economic calamity, Gov. Paterson yesterday called an emergency session of the state Legislature - and raised the specter that New York may have to sell off roads, bridges and tunnels ...
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CCC's Letchworth legacy
A statue in Letchworth State Park reminds Geneseo resident John Maniscalco, 87, of the time he spent working for the Civilian Conservation Corps after the Great Depression.
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News beat
Grand Avenue fire set, officials say City fire investigators have determined that last week's fire on Grand Avenue was intentionally set.
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Two former state employees charged with fraud
State Attorney General Andrew Cuomo has arrested two former state employees and charged them with fraud.
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Wyoming Men Arrested for Fraud to State
Attorney General Andrew Cuomo announced the arrests of two Wyoming County men for defrauding the state.
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Animal Shelter Inundated With Cats
The Wyoming County SPCA in Attica is completely full and isn't accepting cats until they start finding homes for the hundreds of cats currently there.
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Coming Up
STRAWBERRY SOCIAL: The United Methodist Women's Group of Trinity United Methodist Church, located at 75 Main St., Attica, will host a strawberry social from 4 to 7 p. m. today.
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15 arrested in Wyoming County on drug-sale charges
Fifteen people were arrested Wednesday morning in Wyoming County after a six-month investigation into sales of cocaine, OxyContin and other drugs.
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3 corrections figures allegedly took workers' comp pay while employed
Two current and one former state Department of Correctional Services workers from the Buffalo area have been charged with taking workers' compensation benefits while holding down other jobs, Attorney General ...
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ATV operator taken to ECMC after accident
An Attica man was taken to Erie County Medical Center, Buffalo, after an all-terrain vehicle accident early Monday in the Town of Darien, Genesee County sheriff's officials report.
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North Tonawanda: Simcoe case set for trial
A man accused of stabbing his wife and a policeman last year will likely go to trial July 14.
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Founders Day celebration planned in village June 7
The Village of Attica is gearing up for its seventh annual Founders Day celebration from 10 a. m. to 5:30 p. m. June 7 in Attica Veterans Memorial Park on Exchange Street.
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State DOT plans meeting on pending project
State Department of Transportation staffers will hold a public information meeting about a pending highway project on Routes 98 and 238 at 7 p. m. June 5 in Attica High School.
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School Bus Driver Faces Sex Abuse Charge
A bus driver for a western New York school district is accused of sexually abusing a child on his bus route. via 13WHAM
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Wyoming County bus driver charged with sexual abuse
"As a district, we are taking active steps with First Student to review our contract requirements regarding drivers' safety and student management training and to reaffirm the procedures that should be followed at all times by their personnel" A Wyoming County school-bus driver has been arrested on charges of sexually abusing a child younger than 11. via Democrat & Chronicle
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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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