Jacksonville, 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
| Jacksonville, New York News |
Ulysses Diversified CEO Young to Buy 3M Shares on the Open Market
JACKSONVILLE, NY, September 9 / MARKET WIRE/ -- Ulysses Diversified Holdings Corporation said Tuesday that President and Chief Executive Clayton Young will make an open market purchase of 3 million of his ...
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NY man rescued in RI pond in serious condition
An upstate New York man has been rescued from a Rhode Island pond and is reported in serious condition. Rhode Island officials say Leo Daigneault of Jacksonville, N.Y., was unconscious Sunday when a lifeguard pulled him from a pond in Burlingame State Park in Charlestown. Police say the swimmer was given CPR, cardiopulmonary resuscitation, which restored his pulse. The man was flown to Rhode Island Hospital in Providence for treatment.
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Briefly in Tompkins
Tompkins Consolidated Area Transit Inc. will detour TCAT Route 11 due to construction around the Coddington Road entrance to Ithaca College for several weeks.
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Takin' Care of T'burg volunteers to meet for second session of the spring
The next work session for Takin' Care of T'burg is scheduled for 8-11 a.m. Saturday, May 10. via Ithaca Journal
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Ulysses Town Talk: Dairy princess, ambassador needed to represent Tompkins County
The Tompkins County Dairy Promotion Committee is seeking young ladies between the ages of 12 and 24 for the roles of Dairy Princess and Dairy Ambassador. via Ithaca Journal
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EDITORIAL: Help wanted in county
"We're offering careers here and the response has been great. They're coming in and talking." It was a get together born of necessity on both sides. Hundreds of people looking for work met with companies looking for workers. via Niagara Gazette
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Nassau seeks payback for questioned pension credits
"The matter was thoroughly reviewed both at the county level and at the state level" The New York State comptroller is reviewing the case of a private attorney in Nassau County who received 21 years of retroactive pension credits -- helping him earn a six-figure annual pension -- even though he ... via Newsday.com
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Campuses tackle security challenges: New officers, alert systems put in place
"We have just published an emergency response guide, which is being distributed to the entire campus community and is also online." With almost 30,000 students spread out over 1,700 acres of campus space, security at local colleges would seem to be a daunting task, especially in light of recent campus shootings in other parts of the ... via Ithaca Journal
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April Showers Bring Spring Giggles
SOME serious comedic heavy hitters are heading to New York this spring, giving you the chance to chuckle your way right into summer. via New York Post
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Pregnant Woes' Possible Cause
"More rarely, it's suspected by the indication of scant or no periods, or cyclic pelvic pain." IF you've never heard of Asherman's syndrome, you're not alone. But a recent TV episode of "The Return of Jezebel James" highlighted this rare - but under-reported - impediment to fertility. via New York Post
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New York Budget Almost A Week Late
New Yorkers are still waiting for lawmakers in Albany to pass a budget. Most democrats in the minority of the State Senate are boycotting Monday's session despite the late budget. via WENY
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Clear renews marketing agreement with Hyatt
"Clear has benefited from the Hyatt partnership through our joint marketing efforts and making enrollment a quick and easy process at many of their locations." Clear, the airport fast-pass system that launched at Orlando International Airport, has renewed its marketing agreement with Hyatt Hotels & Resorts. via Florida Today
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Cuomo: Lawyer pensions on school payrolls are "fraud"
"Basically, the door has been shut on this" New York State Attorney General Andrew Cuomo Thursday night said his office believes that "multiple acts of fraud" were committed when Long Island school districts put private attorneys on their payrolls so ... via Newsday.com
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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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