Eaton, 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
| Eaton, New York News |
Supervisors' pay raise remains in limbo
Coming in at No. 20 on the Madison County Board of Supervisors' agenda Tuesday was a resolution to amend the budget, lowering the supervisors' proposed pay 3.5 percent pay raise.
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Security increased at Morrisville-Eaton
With the exception of the Middle/High School auditorium and a few other final details, construction projects in the Morrisville Eaton Central School District are complete, including most parts of a security ...
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Carl W. Hagmann
Carl W. Hagmann, a retired member of the New York State Police Department, of Eaton, passed away Friday, Oct.
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Jones-Maxwell, VanDee, Palmer, Neff Athletes of Week
Four local athletes have been selected as Athletes of the Week by the Dispatch for some outstanding efforts this past week.
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Bernard E. Wootton
Bernard E. Wootton, 79, of Eaton, passed away Wednesday, Sept. 24, 2008 at Chenango Memorial Hospital, Norwich.
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New Westhill technology director used to teach music
Westhill schools has a new director of technology. Deric Tallman started his new job this month.
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MECS to tweak its stadium lights
At the request of several Morrisville-Eaton Central School District Board of Education members, there was some light shed on the new stadium lighting at the middle/high school field that now allows for night ...
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Familar face takes over at M-E HS
Christopher Brewer is not too new of a face to some students in the Morrisville-Eaton Central School District.
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Oneida Mansion House celebrating 'Cemetery Day'
Something is alive in local cemeteries: a great deal of history. Two lecturers who will speak at "Cemetery Day: Graveyards and Tombstones of Central N.Y." at the Oneida Community Mansion House on Saturday said ...
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Police Blotter Aug. 28
Sunday, Aug. 24 * Tommy Moyon-Arevald, 21, of Queens-Woodside, was charged with disorderly conduct in Morrisville.
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Police Blotter Aug. 26
He is scheduled to appear in Verona Town Court in September. Oneida City Police Aug.
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Police Blotter Aug. 11
Saturday, Aug. 9 * Jeffrey J. Pierce, 29, of Eaton, was charged with driving while intoxicated, refusal to take breath test, driving with an improper license, operating a motor vehicle without inspection ...
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Lebanon board to consider gas pipeline road bore request
Lebanon town officials will consider a request by Nornew Inc. for multiple road bores under town roads as part of plans to install a new 12-inch natural gas pipeline in the township at the regular town board ...
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Police Blotter Aug, 6
Madison County Sheriff's Department Monday, August 4 * Christopher Brockway, 18, of West Main Street, and John F. Pearsall, 17, of Eaton Street, both in Morrisville, and Gregory L. Smith, 17, of River Road in ...
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Suspect arrested after asking police for a ride
A 44-year-old Town of Eaton man has been charged with two counts of felony sex related crimes involving a male victim under the age of 15.
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Eaton sex offender charged in incident involving teen
A registered sex offender being investigated on new sex charges inadvertently turned himself in last week when he asked a village police officer for a ride, Madison County sheriff's deputies said today.
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Madison County Man Injured in Car-Tractor Accident
Madison County Sheriff's Deputies are investigating a head-on collision between a car and a farm tractor.
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Madison County Man Injured in Car-Tractor Accident
Madison County Sheriff's Deputies are investigating a head-on collision between a car and a farm tractor.
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Madison Centerpiece
John R. Baylis, 68, impersonates Abraham Lincoln at Living History in Peterboro to Mrs.
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Kurt Patrick Hall
Kurt Patrick Hall, 44, formerly of Morrisville, passed away Saturday, May 17, 2007 in Boca Raton.
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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 was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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