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Gainesville, 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
| Gainesville, New York News |
Hospitals see dip in paying patients
In another sign of the economy's toll on the nation's health care system, some hospitals say they are seeing fewer paying patients - even as greater numbers of people are showing up at emergency rooms unable to ...
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School bus driver accused of sex abuse
For the second time in a month, an area school bus driver is accused of inappropriately touching a student on his bus.
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Wyoming School Bus Driver Facing Charges
WARSAW, N.Y. - A western New York school bus driver is accused of molesting two young girls, punching a boy and leaving a 5-year-old on the side of the road with no parent in sight.
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Soap star, Congresswoman to campaign for Obama in Silver Springs
On Sunday, U.S. Rep. Carolyn Maloney, D-NY, and "Days of Our Lives" actress Deidre Hall will campaign for Democratic presidential nominee Sen.
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Roads & Basements Flooded In Wyoming County
Crews closed down at least two roads in Wyoming County after flash flooding Tuesday evening.
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Heavy rains bring flooding to Wyoming County
Roads and basements in Wyoming County were flooded last night and early this morning after some portions of the county received 3 to 4 inches of rain last night.
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Flash Flood Warning For Wyoming County
A flash flood WARNING is in effect for Wyoming County until 8:30pm. National Weather Service doppler radar indicated a series of thunderstorms, producing very heavy rain.
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Mother of missing toddler seeks jail release to help in search
Casey Anthony doesn't know where her 2-year-old daughter is, but she wants to get out of jail so she can join the search to help find the missing toddler, her lawyer said Monday.
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Mother of missing toddler seeks jail release to help in search
Casey Anthony doesn't know where her 2-year-old daughter is, but she wants to get out of jail so she can join the search to help find the missing toddler, her lawyer said Monday.
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People Profile: Memorial has new head for stroke unit
Dr. Nyathappa Anand has a rather simple approach to dealing with patients. The neurologist and newest member of the staff at Niagara Falls Memorial Medical Center says he strives to make each patient feel as ...
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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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Wyoming school budgets up 5%
Wyoming County school district voters will face budgets that would increase school spending by about 5 percent in balloting to be held Tuesday. via Buffalo News
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Bus Driver Accused of Sexually Abusing Child on His Route
A bus driver for a local school is accused of sexually abusing a child on his bus route. via WKBW-TV
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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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New idea in mortuary science: Dissolving bodies with lye
"I don't not know how long it will take" Since they first walked the planet, humans have either buried or burned their dead. via Newsday.com
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Kittens found in ditch
A passerby found six adult cats and 15 kittens last night along the road in the Town of Middlebury. via WIVB-TV Buffalo
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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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