Nesconset, 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
| Nesconset, New York News |
Teen who killed 3 in crash gets 30 days
The Smithtown teen who crashed his car and killed three people received a 30-day jail sentence Wednesday in Riverhead after pleading guilty earlier to reckless driving.
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Not guilty plea in murder-for-hire case
The last of four people charged with the alleged for-hire killing of Nesconset lawyer James DiMartino pleaded not guilty to upgraded charges of first-degree murder and conspiracy in Riverhead Tuesday.
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Two suspects arraigned for murder of Nesconset attorney
Two defendants arrested in connection with the shooting death of a Nesconset attorney face first degree murder charges after their arraignment on a grand jury indictment in county court in Riverhead Monday.
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Murder charge upgraded in LI man's killing
The friend and business partner of a Nesconset businessman killed last month will face first-degree murder charges with two others, according to online court records, after a Queens stripper also charged in the ...
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Lawyera s Death Was Murder for Hire, Woman Says
The fatal shooting of Nesconset, N.Y., lawyer James DiMartino was a murder for hire, according to a woman who pleaded guilty yesterday to second-degree murder in the case.
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Woman takes plea, says lawyer's death a murder for hire
The fatal shooting of a Nesconset lawyer wasn't a botched robbery but a murder for hire, said a woman charged in the death of James DiMartino as she pleaded guilty to second-degree murder in Riverhead ...
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Prosecutors: Lawyer shooter caught
Darnell Festus, 23, of Queens, was charged with second-degree murder in the Oct.
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Police: Shooting death of Long Island lawyer was botched robbery arranged by business partner
The business partner, 37-year-old Ronald Thornton of Nesconset, was ordered held without bail, as were Monique Randall, a 19-year-old exotic dancer, and her boyfriend, Donovan Raysor - both of Queens.
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3 charged in lawyer's slaying
James DiMartino is seen in a 2002 photo. Three people have been arrested in the murder of James DiMartino, a Nesconset lawyer who was found fatally shot in a Commack parking lot last month, police said Monday.
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Applause for all who voted, regardless of when or how
Opinionline Archives Applause for all who voted, regardless of when or how Colleen Rudman - Nesconset, N.Y. In " Election questions no one ever asks," commentary writer Jonah Goldberg seems pretty darn annoyed ...
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Suffolk residents describe drug addiction's impact
The mother stood in front of a room filled with neighbors and told the story of her son's heroin addiction.
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Smithtown's Vecchio honored by historical society
Smithtown Supervisor Patrick Vecchio had a busy few days last week, being feted and congratulated for his tenure as head of the town and for his work in protecting the environment.
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Hundreds say goodbye to slain LI attorney
The family of a slain Nesconset attorney said hundreds gathered Friday for his viewing in Centereach, as Suffolk police continued to hunt for his assailant.
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Couple in canoe rescued
Suffolk County Police Marine Bureau units, with assistance from multiple agencies, helped rescue a Centerport couple after their canoe was stuck in the Nissequogue River in Smithtown on Monday.
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Centerport couple stuck on Nissequogue rescued
Rescuers from several Suffolk fire departments and law enforcement agencies plucked a Centerport couple out of the thick muck of the Nissequogue River in Smithtown last night after their canoe got stuck in a ...
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Downward spiral of landmark restaurant Bavarian Inn
It's been 18 months since town fire marshals broke down the door at the Bavarian Inn - a move that started the slow downward spiral for its owner, Vincent Tramontana.
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Services set for slain Nesconset man; Fund set up
Viewings will be held for James DiMartino on Friday from 2 to 4 p.m. and 7 to 9 p.m. at the O.B. Davis Funeral Home in Centereach.
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Family of slain Nesconset man tries to understand why
On the walls of the DiMartino family's den in Nesconset, which is littered with toys and children's books, hang mottos about home and purpose.
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Slaying of Nesconset attorney still under investigation
Suffolk County police detectives continued Wednesday to investigate the death of James DiMartino, an attorney and father who was fatally shot Monday in Commack .
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Friends: Shooting victim loved family, work, Yanks
James DiMartino's passions had many avenues: his family, his business, the Yankees and even his yearly Christmas display, friends said yesterday.
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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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