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Divorce Buyouts
Debt Consolidation
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Haverstraw, 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
| Haverstraw, New York News |
Pomona man arrested in fatal October accident
State police have arrested a man in connection with a fatal traffic accident that occurred in October.
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Rockland DA launches community prosecution program
District Attorney Thomas Zugibe announced this morning the launch of a community prosecution program in northern Rockland.
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Haverstraw Town Board report
Here's a recap of the Nov. 10 Haverstraw Town Board meeting. Supervisor Howard Phillips and Town Board members Isidro 'Papo' Cancel, Vincent J. Gamboli, John Gould and Hector Soto were present.
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Haverstraw landlord, others fined by Rockland Board of Health
RAMAPO - A Haverstraw landlord who county officials say removed his tenants' exterior doors and threw the family's dog out of a moving car was fined $3,000 today for housing code violations.
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Rockland sheriffs arrest two on DWI charges
Two people were arrested on drunken driving charges after being stopped several hours apart yesterday by the Rockland sheriff's department.
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Charities seek donations for Thanksgiving meals
As they gear up for their Thanksgiving efforts to feed needy families in their communities, local charitable organizations face the grim reality of a weak economy: an increase in clients and a decrease in ...
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Haverstraw museum opens veterans exhibit
HAVERSTRAW - A small group gathered at the Haverstraw Brick Museum yesterday to pay tribute to local veterans.
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Beloved Haverstraw village clerk set to retire
HAVERSTRAW - After 11 years, Village Clerk Emma Velez is retiring to move to Florida where her family lives.
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Nanuet woman, shot in '97, celebrates life
It isn't often that Monica Soto thinks about that one bullet fired by an ex-boyfriend while she cooked dinner in her apartment 11 years ago in a brutal attack that shocked Rockland.
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Rockland Family Court program celebrates 13th graduating class
NEW CITY - Nine people graduated yesterday from a court program designed to help drug and alcohol addicted parents regain custody of their children, including, for the first time, a married couple.
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TZB plates: New spot, same problems
The thick metal construction plates were still on the Tappan Zee Bridge - just in different lanes.
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Local stories of WWI
The news of Army Pvt. John L. Grogan's death hopscotched across Eastchester in the summer of 1918 as the Great War carried on in Europe.
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Wrapup of Rockland's uncontested races
NEW CITY - Numerous candidates who ran unopposed in county, town and village races today were returned to office, according to unofficial results from the Rockland County Board of Elections.
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Garnerville man charged with robbery
A 45-year-old Garnerville man was arrested early today after being accused of trying to scam a man into buying a computer and later threatening him with a knife.
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Post-election sign upsets some in West Haverstraw
WEST HAVERSTRAW - A sign says one is handpicked and the other is homegrown. But it's not referring to vegetables.
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Police investigate two armed robberies in Haverstraw
Police tonight are investigating two armed robberies that occurred a little more than an hour apart.
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Rockland-area Assembly members returned to Albany
Republican incumbents Nancy Calhoun and Annie Rabbitt won re-election to the Assembly last night.
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Rockland briefing
The Nyack community group Building a Broader Base invites Nyack school district students 6 years old and older to go horseback riding Sunday at Silver Rock Farm, 68-A Sickletown Road in Orangeburg.
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Train hits disabled car at dangerous crossing in Haverstraw
The driver of a Mercedes-Benz that was on the tracks got out of his car before it was struck by a freight train this evening, the train's conductor said about 8 p.m. The car was sitting on the tracks at the ...
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West Haverstraw: Loblanco secures his trustee seat
West Haverstraw - Incumbent Mark Loblanco secured his trustee seat for the unexpired three-year term on the all-Democratic board, according to unofficial results from the Rockland County Board of Elections.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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