Mastic, 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
| Mastic, New York News |
In wake of hate crimes, a new town policy
The Southampton Town Police Department has agreed to work with the Suffolk County Hate Crimes Unit on all future investigations of hate crimes in the town.
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Questions Following Cabbie Murder
Suffolk police are investigating the shooting death of a Shirley cab driver. Police said they were called to the Mastic-Shirley train station just before 3 a.m. on Tuesday after a caller reported a cab driver ...
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2nd Cab Driver Fatally Shot On L.I. In 4 Days
Nov 25, 2008 4:57 pm US/Eastern 2nd Cab Driver Fatally Shot On L.I. In 4 Days Reporting John Slattery MASTIC, N.Y. On Long Island, another cab driver has been shot and killed - the second in just four days.
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Police Investigate Shooting Of Suffolk Co. Cabbie
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Police are investigating the fatal shooting of a livery cab driver at a LIRR station.
Long Island Railroad trains are currently bypassing the Mastic-Shirley train station after a livery cab driver was shot at the station just before 3 a.m. The driver died at the hospital.
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Suffolk seeks shutter smoke shops on reservation
A Suffolk County legislator last week announced that he has introduced a bill calling for the county to take legal action to stop smoke shops at the Poospatuck Reservation in Mastic from selling tax-free to ...
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Three arrested in Mastic racist graffiti case
Suffolk County police have arrested three men for criminal mischief to vehicles in Mastic , after they painted sexual and racial graffiti -- some of it targeting President-elect Barack Obama -- on dozens of ...
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Defining a hate crime
When vandals sprayed a block of cars in Mastic with racist graffiti last week, Suffolk County police didn't consider it a hate crime.
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An Island of racists?
We all know Long Island's population is vastly tolerant of all races, but a few monsters are certainly ruining our reputation.
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Vandals Taint 40 Cars With Anti-Black Graffiti
Residents on Gores Drive in Mastic woke up to find their cars had been vandalized with anti-Black graffiti during the night.
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Mastic residents wake up to racial vandalism
Residents on Gores Drive in Mastic woke Wednesday morning to find their cars spray-painted with racial slurs, Suffolk County Police said.
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Mastic residents wake up to racial vandalism
Racist graffiti, some targeting President-elect Barack Obama , was scrawled on more than a dozen cars in a normally quiet Mastic neighborhood on Wednesday morning, police and residents said.
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Local Newspapers Cover Rising Number of Racist Anti-Obama Actions in Small Towns
NEW YORK Many conservative pundits and Republican officeholders on the national stage have reacted to the election of Barack Obama as a promising step forward in the history of race relations and democracy in ...
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40 Cars Vandalized in Mastic
Racially offensive language and crude sexual references were found marked on cars on Gores Drive on Mastic Wednesday morning.
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NY Neighborhood Wakes Up To Racial Vandalism
A New York neighborhood was covered with hateful, racist words painted on cars Tuesday.
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Cops Probe Racist, Anti-Obama Slurs Found On L.I.
The U.S. Secret Service is now involved after cars were vandalized on Long Island.
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Thiele wins race for state assembly, Bishop to return to Washington
Republican New York State Assemblyman Fred Thiele Jr. will reclaim his seat for an eighth term in the Assembly following a nearly 2-1 win over Democratic challenger W. Michael Pitcher.
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Mastic magic
A recent visit to the bustling Mastiha Shop in Thessaloniki sure got our taste buds going... For the uninitiated, the MastihaShop brand was formed in 2002 by the Chios Mastiha Growers Association.
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Southampton Town Police Reports
Eric Mayo, 32, of Southampton was arrested by Southampton Town Police on Friday at 7:55 p.m., near the intersection of Long Springs and North Sea Mecox roads, and charged with criminal possession of a weapon in ...
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Westhampton Beach DWI Reports
Adam Shene, 33, of Westhampton was arrested by Westhampton Beach Village Police on Saturday at 8:11 p.m. on Maple Street and charged with DWI, a misdemeanor, and leaving the scene of an accident, a violation.
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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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