Hoosick, 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
| Hoosick, New York News |
Buskirk man gets a year in jail for rape
A Buskirk man charged with the rape of teenage girl was sentenced to a year in jail and 10 years probation Thursday.
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Kayak crashes through bus windshield
A woman was airlifted to an area hospital and listed in serious condition after hitting a school bus head-on with her SUV on Route 7, officials said.
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Bus driver hit by a flying kayak
A school bus driver narrowly escaped serious injury Thursday when her vehicle was hit head-on by an SUV - and a kayak on its roof smashed through the windshield of the bus.
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Crash in Hoosick sends two people to the hospital
A car collided with a school bus in Hoosick Thursday afternoon injuring two people.
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New Jaliek Rainwalker billboard on display
Saturday marks one year since Jaliek Rainwalker disappeared, and family members are doing their best to keep him in the spotlight.
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Crash involves car and Hoosick school bus
State Police in Brunswick are investigating a serious crash involving a school bus and a car.
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Fatal crash in Hoosick
Police said a crash involving an SUV and an 18-wheeler hauling an empty fuel tank resulted in one fatality on Route 7 Wednesday morning near the Potter Hill Barn.
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SUV driver killed in Hoosick crash
Police and fire crews are on the scene of a fatal accident in Rensselaer County.
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One killed in accident on Route 7
A morning accident on Route 7 in Rensselaer County has killed at least one person, according to fire officials on the scene.
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Traffic delays in Troy and on Northway
Crews are still at work fixing a watermain break on Oakwood Avenue and detours will slow morning traffic.
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N.Y.: Use old voting machines
For the upcoming elections, Rensselaer County voters are advised to use the old lever voting machines, as opposed to the newer ones that will be required to be the only machines in service by next year, Edward ...
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Results of first phase of sewer study will be presented Oct. 15
Following water monitoring and testing over the summer in multiple sewer pipes near the river, the $5.3 million project to mitigate the area's sewer overflow problem is on time and on budget, officials said.
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In this corner, a corporate look
After his first day at school, my 5-year-old said he'd give kindergarten one more chance.
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Rensselaer legislator charged with DUI
Stan Brownell of Hoosick, a Rensselaer County legislator, is scheduled to appear in Windsor District Court on Oct.
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Sound Off: Keep kids on the sidewalks
To have a message published in "Sound Off," call 270-1201. Your message will be recorded.
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Fire breaks out in Hoosick-area barn
Several departments were on the scene of a barn fire on Route 22 in the North Hoosick area early this morning.
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Two days to the new PSV
I have updated the standings so that they reflect this year's results. They'll be listed in alphabetical order until we get to league play.
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Retiring Tom Conklin with Hoosick Supervisor Marilyn Douglas.
In a true testament to his 25 years of serving the community, an overwhelming number of residents traveled to the St.
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Genealogy Query - COVELL : SISSON
LYDIA SISSON MARRIAGE. Seth & Lydia were married either in Pittstown or Hoosick, Albany Co.,New York around 1790-93. I'm interested in parents and where they were married.
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Rensselaer paper recycling mill to close
The Newark Group last week announced it will close two mills - ' including Bennington Paperboard in North Hoosick - ' to give its earnings an annual $10 million boost.
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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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