Bridgeport, 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
| Bridgeport, New York News |
1 killed in multi-truck collision
GRANBY - A tractor-trailer driver was killed Monday on a central New York highway when his rig hit a stump-grinder that had come loose while being towed by another truck.
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School Calendar Nov. 26 - Dec. 2
Below is a brief list of some of the events taking place this week at area schools.
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Reisman: 'Drill, baby, drill' for oil in Long Island Sound
It turns out that the answer to our national energy crisis, not to mention New York's growing budget problems, was right under our very noses all along.
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Police Blotter - Oct. 27
New York State Police Saturday, Oct. 25 * Mark Radford, 31, of Clay, was charged with third-degree facilitated aggravated unlicensed operation of a motor vehicle, driving while intoxicated and operating a motor ...
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Madison County neighbors dig in over plan to mine limestone from nearby quarry
A group of Madison County neighbors is losing its fight with a developer who wants to mine limestone on Quarry Road in the town of Sullivan.
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Former Pfizer exec sentenced in porn case 12:29PM ET
A former executive at Pfizer Corp. has been sentenced to 6 1/2 years in prison for possessing child pornography.
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Secretary of State visits Bridgeport
Secretary of State Lorraine Cortes-Vazquez paid a visit to Bridgeport yesterday.
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Andre Rieu Celebrates the Music and Composers of Vienna With "Andre...
"Andre Live In Vienna" is a live concert spectacular featuring the beloved maestro performing with his Johann Strauss Orchestra and Choir on the square in front of the beautiful Imperial Hofburg Palace in the ...
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Marijuana Drug Ring Arrested
The U.S. Attorney General and Onondaga County D.A. announce the arrest of 8 suspects accused of being part of a million dollar marijuana distribution ring Eight people suspected of smuggling millions of dollars ...
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Federal drug-trafficking indictments handed up
Two Akwesasne residents were indicted by federal authorities as part of an international marijuana-smuggling operation that allegedly sent $4.5 million in pot through the St.
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Bank Breach Number
If you feel you may have been at risk in this security breach, please call 289-0136. Governor M. Jodi Rell today announced that the state is demanding more information from the Bank of New York Mellon after ...
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Saturday, a memorial for boater killed on Oneida Lake
Just over a year ago John Kowalewski was killed on Oneida Lake. This Saturday, a memorial will be held at Boats-A-Float Marina at 10:45 a.m. Bridgeport firefighters will lay a wreath at the spot where ...
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What should happen to I-81?
Interstates 81 and 690 running through the heart of Syracuse. A multiyear, multi-agency study to decide the future of Interstate 81 in Syracuse and Onondaga County is poised to start.
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Police officer arrested in fracas
A Connecticut police officer was arrested in the village early Friday after he fought with two Lake George peace officers, authorities said.
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Derecktor Shipyards Connecticut files for Chapter 11 protection
Derecktor Shipyards Connecticut has filed for Chapter 11 bankruptcy protection, but said Monday the reorganization is not expected to idle the 250 workers at the Bridgeport yard, according to a report in The ...
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Derecktor Shipyards Connecticut files for Chapter 11 protection
Derecktor Shipyards Connecticut has filed for Chapter 11 bankruptcy protection, but said Monday the reorganization is not expected to idle the 250 workers at the Bridgeport yard, according to a report in The ...
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Boy, 12, accused of dousing Bridgeport cat with gasoline
A 12-year-old boy faces a felony charge of aggravated animal cruelty for pouring gasoline on a cat, a cruelty investigator said.
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Two Seperate Animal Cruelty Cases
The Central New York SPCA has reported two unrelated cases of animal abuse. 28-year-old Gladys Melchior was arrested on seven counts of animal cruelty, Syracuse Police and Cruelty investigators found two cats ...
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Hudson Valley Holding Corp. Appoints Mary-Jane Foster as a Director
Tuesday, July 01, 2008 Comtex YONKERS, N.Y., July 1, 2008 /PRNewswire-FirstCall via COMTEX/ ----William E. Griffin, Chairman of the Board of Hudson Valley Holding Corp., has announced the appointment of ...
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Fire heavily damages home in new Sullivan tract
Firefighters from Bridgeport, Chittenango and South Bay are battling a fire at an unoccupied home in a new housing tract on Marine View Drive in Sullivan, Madison and Onondaga County E-911 officials said.
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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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