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Inlet, 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.

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Inlet, New York News
Dog park poised to become permanent

One year ago, meetings at City Hall were filled with upward of 50 people at a time, lobbying for and against a once-controversial off-leash dog park.


Morning Update -- Snow accumulation, power outages reported

The Glens Falls area didn't get the snow that was predicted, with little more than a dusting reported, but areas to the north and west sure did.


Then & Now: Inclined planes got trains up Ithaca's South Hill

It comes as a surprise that Tompkins County was considered a pioneer in American railroading for its efforts to move freight and people in and out of the deep valley of Cayuga Lake in the early 1880s.


Briefly in Tompkins

Tompkins Consolidated Area Transit, Inc. announces that TCAT Routes 14 and 20 will be detoured due to construction work on Hector Street by The City of Ithaca.


Landmark summer camp taking on new look

The clock is ticking for the wooden buildings that graced the former Camp Eagle Cove property in the Adirondack community of Inlet.


Hoping for happy trails Sunday

Organizers of the Race With the Wind built momentum with the inaugural event last year and look forward to growth at this year's event on Sunday.


Groton schools grow greener

GROTON - The Groton Central School campus is growing greener with improved walking trails.


Labor Day Weekend in Old Forge

The summer isn't over yet in Old Forge, Inlet and The Town of Webb. Labor Day Weekend celebrates the beginning of autumn with all kinds of things to do for families, including live music and fireworks on the ...


Ithaca Gun lead may halt inlet work

ITHACA - Proper cleanup of Ithaca Falls could impact development possibilities at more than just Ithaca Gun.


Mom gains fitness with pedal vehicle

ITHACA - Elisabeth Harrod bought her family a new vehicle near the end of 2006 that uses no gas, something she's happy about now as prices rise.


Mom gains fitness with pedal vehicle

ITHACA - Elisabeth Harrod bought her family a new vehicle near the end of 2006 that uses no gas, something she's happy about now as prices rise.


A small mountain lake could become a big battleground

But a battleground it most certainly is. And there will be figurative blood in the water before this issue is settled.


2 Fisherman Saved When Boat Sinks Off L.I.

Two men have been rescued from a life raft after their sport-fishing boat sank about 9 miles off the Long Island coast.


Coast Guard Aux NEWS

Perhaps since the time of the Montaukett sachem Mongotucksee, mariners and local businesses have wanted to connect the Peconic and Shinnecock bays. via The Independent


Trail: Bridging solutions to gridlocked debate

We are the owners of Andree Petroleum and Instant Printing, located along the proposed phase two of the Cayuga Waterfront Trail and collectively serving residents of Tompkins County and Central New York for ... via Ithaca Journal


An Adirondack Paddlefest Weekend

When we get the chance, my husband and I like to attend Adirondack Paddlefest. This annual event, held in May, features canoes and kayaks, vendors, guest speakers and demonstrations. via BellaOnline


Inlet Technologies' Andy Beach Pens New Book on Video Compression

"I wanted to write a book that would educate users on the production-related questions and problems typically faced when trying to publish content to the web"

' Inlet Technologies A , the leader in advanced encoding solutions for new media, announced that Andy Beach, director of product management, has written a new book, Real World Video Compression , published by ... via Digital Content Producer


Milk truck hits car on Route 12

The Oneida County Sheriff's Office were on the scene of a tractor trailer/car motor vehicle accident that happened at 2:15 pm and sent one person to the hospital. via WSTM-TV Syracuse


Lifton announces $2M to help with dredging inlet

"The funding I secured will improve the environment by removing sediment and making the waterway navigable, and jumpstarting initiatives to increase tourism and business in the Finger Lakes."

Assemblywoman Barbara Lifton, D-125th Dist., said $2 million was secured in the final state budget to help implement a joint City of Ithaca/Tompkins County waterfront revitalization plan to dredge Cayuga Inlet, ... via Ithaca Journal


The greatest manhunt in Adirondack history centered on Robert Garrow in 1973.

"I passed through seven roadblocks between Speculator and Gloversville. The last was in Northville. They made you open your trunk at every one."

Robert Garrow Sr. is pushed back to the Hamilton County Jail by Inlet Town Police Officer Richard Payne. via Press-Republican


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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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