Ilion, 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
| Ilion, New York News |
Florence M. Studer, 101, East Martinsburg
Florence M. Studer, 101, of Clifton Fine Skilled Nursing Home, Star Lake, died November 18, 2008 early in the afternoon, where she has been a resident since December of 2004.
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Ilion "Goes Green" With Street Lights
The Village of Ilion is taking the first steps, in a multi-year transition, to convert all the street lights to L.E.D. bulbs.
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New Ilion Fire Chief introduces plan
By Eric Monnat Ilion, N.Y. - When new Ilion Fire Department Chief James Trevett took over the village's fire and codes departments, he wanted to put an emphasis on codes compliance.
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NIE Pet Calendar deadline nears
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Trash, litter take away from beauty of the gorge
By Eric Monnat lion, N.Y. - For its natural appearance, especially with the fall foliage in full effect, many people enjoy taking a leisurely drive through the Ilion Gorge to soak up the scenery.
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Ilion Teen Faces Numerous Charges
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Ilion man charged with sex abuse
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Police: Two face charges in robbery of Medicine Shoppe in Ilion; Involved in other incidents too
Two people are facing charges following what is believed to be an armed robbery of the Medicine Shoppe Pharmacy on Central Avenue in Ilion Friday morning.
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Shelley Danielle Burch and Edward R.L. Jackson were married June 1 in Ilion. The bride is the daughter of Orlo and Cindy Burch of Hartwick.
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Step Back in Time
Step Back in Time features community news from The Daily Star 25 and/or 50 years ago.
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DeRocco - Van Vranken
Vanessa Van Vranken and Jason DeRocco were married May 17 at the Cornwallville Church at The Farmers' Museum in Cooperstown.
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Ilion man dies in motorcycle accident
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Ilion man charged with rape
Ilion police arrested a 20-year-old Ilion man for allegedly engaging in sexual intercourse and sexual conduct with a person who was under the age of 15.
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New Volunteers appointed as Child Advocates
The volunteers are: Candy Warner, Amy Miller, both of Rome, Robin Simmons, of Barnevald, Alene Bosquet, of Ilion, Carol Simpson, of Utica, Shirley Van Marter, of New Hartford, Stephen Dudzik, of Clinton, Lisa ...
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South Valley
By CAROL BRODIE Our garden this year is doing well, but last week was surely hard to do much in it with all the rain we received and the constant thunderstorms off and on throughout the week.
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Poker Run nets funds for CMN and Ilion PBA
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Poker Run nets funds for CMN and Ilion PBA
By David Robinson Ilion, N.Y. - At Crossways Tavern in Ilion on Saturday, the last stop of the inaugural Big Wheel Poker Run for Children's Miracle Network, brave patrons took a ride on a kids three-wheeler. ...
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Ilion Woman Arrested on Felony Charge
New Hartford Police arrested an Ilion woman after an alleged shoplifting incident at the Sangertown Mall.
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Herkimer, Ilion to share pirate event
By Eric Monnat Herkimer, N.Y. - It's not everyday that pirates operate vessels along the Mohawk River/Erie Canal.
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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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