Hillsdale, 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
| Hillsdale, New York News |
Honoring Americaa s heroes
The Hudson Veterans' Day Parade made its way down Warren Street Tuesday morning, coming to a stop at the Hudson City Courthouse for the annual Veterans' Day Ceremony.
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Lost hunter located thanks to GPS
GPS cell phone technology allowed New York State Police to locate a lost hunter Saturday afternoon.
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Ockawamick now in countya s hands
Hudson-Catskill Newspapers COLUMBIA COUNTY - Ockawamick School is now the sole property of Columbia County.
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County looking at health plan options
Hudson-Catskill Newspapers COLUMBIA COUNTY - County supervisors are mulling changing their employee drug plan to a self-insurance arrangement.
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Partnership owns old school site
Who owns Ockawamick? That's an often-asked question as the Board of Supervisors moves tonight toward the $1.5 million purchase of the former school building.
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Ockawamick decision tonight
County supervisors will decide the fate of the Ockawamick purchase tonight, but should it pass, Board Chairman Art Baer, R-Hillsdale, said the occupants of the building may not be determined for several months.
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Man admits stealing copper
A Columbia County man admitted in court today he burglarized a building in Amenia and stole a quantity of copper pipe.
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No decision on Ockawamick
The county's Board of Supervisors took no action on the Ockawamick School purchase at a special full board meeting Wednesday.
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Sheriff's Office makes multiple drug arrests
Several marijuana growers have been busted by the Columbia County Sheriff's Office within the past week.
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To win in competitive eating, have a strategy
I like hot dogs. I like them a lot. But there is a limit to everything. Thursday at the Columbia County Fair in Chatham I ate six and a half hot dogs in three minutes to win the 21-and-over age bracket of the ...
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FESTIVAL/CRUISE: Tanglewood Season Closes with Annual Jazz Festival
With the end of August and the upcoming Labor Day holiday, a week of relative repose makes for a natural demarcation point between the musically hyperactive summer festival season and several imminent regional ...
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Dump Truck Driver Escapes Fire
A Columbia County drump truck driver is recovering from injuries after escaping a fire in his truck early Monday morning.
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15 minutes of fame
Frank Giorandino's yellow 1965 Chrysler New Yorker has many parts: the muffler, the tires, an alternator, and perhaps a small role in "Taking Woodstock," a feature movie being shot in nearby North Hillsdale, ...
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Gas prices taking a toll on volunteer firefighters
The price of gas may slowly be going down locally, but prices are still much higher than in the past - almost 50 percent higher than they were in 2001.
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Roe-Jan Lions Club makes its last donation
The Roeliff-Jansen Lions Club performed its last charitable act Saturday at the Hillsdale Community Day when it distributed the remaining $8,000 in its treasury to various local organizations.
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Rains lead to emergency in Hillsdale
Supervisor Arthur Baer declared a state of emergency for three roads in the town following Monday's torrential rains.
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Roeliff-Jansen Lions Club disbanding
After 59 years and nine months of service, the Roeliff-Jansen Lions Club is disbanding.
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New storm prompts Hillsdale emergency, feds help with June damage
Town Supervisor Arthur Baer has declared a state of emergency for three roads in the town following Monday's torrential rains.
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Man accused of driving into crowd charged with assault
A Copake man is facing felony charges after State Police said he drove his car into a group of people outside a tavern in Hillsdale over the weekend.
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TH announces practice times, bus schedule
All students planning on participating and trying out for Taconic Hills fall interscholastic sports are required to have a physical, the school said in a press release.
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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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