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Troupsburg, 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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Troupsburg, New York News
More Southern Tier House Fires

Earlier this month, a relaxing morning on the couch turned frightening for Ed Kiklowicz when smoke started pouring out of his home.


House Destroyed in Troupsburg

A family of eight is homeless Tuesday morning after fire ripped through their home in Troupsburg.


Youths Arrested for Trashing Amish Community

Steuben County Sheriff's deputies arrested three people for trashing property in an Amish community.


Youths charged after several Amish households vandalized

Three male youths are due back in courtrooms in Steuben County next week to answer charges of vandalizing about 20 Amish households last weekend.


Fire Damages Saw Mill

Four fire departments were called to battle a blaze inside a Steuben County Saw Mill Friday.


Youths charged with crimes against Amish communities

The Steuben County Sheriff's Office arrested three subjects in connection with a string of crimes committed against the Amish communities in Woodhull, Jasper and Troupsburg.


Plea Deal Accepted in New York Breeding Farm Case

Geraldine Trupia, the operator of a New York breeding farm where authorities seized a herd of malnourished horses in August, plead guilty to two counts of Class A misdemeanor animal cruelty under a plea ...


Troupsburg woman pleads not guilty in horse neglect case

Geraldine Trupia, operator of Middle Creek Farm/Norcrest Farm in Troupsburg, pleaded not guilty to animal cruelty charges Wednesday in Troupsburg Town Court.


Breeding Farm Operator Pleads Not Guilty to Cruelty Charges

Geraldine Trupia, operator of Norcrest Farm in Troupsburg, N.Y., pleaded not guilty to five counts of Class A misdemeanor animal cruelty during her arraignment in Troupsburg Town Court Sept.


Trupia Plead Not Guilty

Wednesday, but Geraldine Trupia had no comment after her arraignment. "Excuse me Ms.


Owner Learns Mare Seized from Breeding Farm was Euthanized

Pennsylvania horse owner Anne Maria Cray has feared the worst since learning her mare WeWe C was among 82 allegedly malnourished horses seized by authorities from a Troupsburg, N.Y., breeding farm in August.


Biggest Animal Abuse Case in Steuben

Officials say eighty two horses and five cats were seized from a Troupsburg farm last week.


SPCA seizes 82 horse in Steuben

The Finger Lakes SPCA in Bath said today it seized 82 horses and five cats last week from a home in Troupsburg as the result of an ongoing animal cruelty investigation.


More Than 80 Horses Seized from Steuben Co. Farm

Reported by: WROC-TV Wednesday, Sep 3, 2008 @03:35pm EST 82 horses and five cats were seized during an animal cruelty investigation over the weekend in Steuben County.


Horses Removed From Steuben County Farm

Authorities removed horses from a farm in Steuben County Friday following an animal cruelty complaint.


Getting the message on underage drinking

When an alcohol-related car crash last year killed three Jasper-Troupsburg Central School students and a graduate of the school, it had a devastating effect on this year's graduating class.


Accused Steuben burglar's case adjourned to Aug. 1

The case of accused burglar Kyle B. Dickerson of Corning was adjourned Tuesday to Aug.


Bridge Closures in Steuben, Bradford Counties

A bridge closure in Steuben County could impact your drive into work. The New York State Department of Transportation says work is set to begin Monday morning on the Route 36 Bridge in the Town of Troupsburg.


Jasper-Troupsburg schools now being audited by state

New York state Comptroller Thomas P. DiNapoli today announced a new round of audits for state school districts, and Jasper-Troupsburg Central School District was included in the list.


Police Record

*Ashley A. Wheeler, 21, of Dundee, was charged May 17 with unlawful possession of marijuana. *Timothy I. Millard, 49, of Bath, was charged May 17 with driving while intoxicated. *Autumn K. Hale, 21, of Avoca, was charged May 23 with unlawful possession of marijuana. *Richard D. Butler, 43, of Bradford, was charged May 27 with fleeing an officer in a motor vehicle and various other tickets when he was found driving an unregistered four-wheeler without a helmet. *Darwin D. Brewer, 21, of Avoca, was charged May 27 with fourth-degree criminal possession of a weapon. *Shawn L. Swain, 32, of Wellsboro, was charged May 12 with driving while intoxicated. *Joshua M. Tobias, 19, of Hammondsport, was charged May 16 with possession of alcohol by a person under the age of 21. *David J. Carl, 21, of Painted Post, was charged May 16 with aggravated unlicensed operation, leaving the scene of a property damage accident, operating a motor vehicle while using a cell phone and following too closely. He was sent to the Steuben County Jail in lieu of $500 cash bail or $1,000 property bond. *Michael D. Moore, 29, of Hornby, was charged May 17 with petit larceny and first-degree falsifying business records. He was sent to the Steuben County Jail in lieu of $2,500 cash bail or $5,000 property bond. *A 17-year-old Corning youth was charged May 17 with driving while intoxicated, no headlights, failure to comply, unlicensed operation and possession of alcohol by a person under the age of 21. *Shawn Northrup, 26, of Butternut Drive in Painted Post, was charged May 17 with second-degree harassment and fourth-degree criminal mischief. *John P. Jones, 23, of Morse Road in Lindley, was charged May 18 with driving while intoxicated, moving from a lane unsafely and refusal to take a breath test. *George J. Pihonak, 41, of Split Rail Road in Painted Post, was charged May 22 with driving while intoxicated and not wearing a seat belt. *Gayle E. O'Connor, 61, of Corning, was charged May 22 with driving while intoxicated. *Jay P. Dreher, 19, of Main Street in Troupsburg, was charged May 23 with unlawful possession of marijuana. *Claude Aumick, 47, of county Route 5 in Addison, was charged May 23 with driving while intoxicated, second-degree aggravated unlicensed operation of a motor vehicle and being an unlicensed operator. *Christina M. Vona, 20, of Addison, was charged May 23 with unlawful possession of marijuana. *Candice M. Good, 39, of Tuscarora, was charged May 26 with third-degree assault. *A 17-year-old Painted Post youth was charged May 29 with unlawful possession of marijuana. *Robert H. McLoud, 26, of Springwater, was charged May 14 with driving while intoxicated. *Joshua H. Young, 25, of Atlanta, N.Y., was charged May 15 with second-degree burglary. He was sent to the Steuben County Jail in lieu of $10,000 cash bail or $20,000 property bond. *David J. Coates, 45, of Wayland, was charged May 16 with aggravated driving while intoxicated. *Victor Colavito, 31, of Towanda, was charged May 3 with impersonating a public servant. *Anthony K. Campbell, 43, of Rome, Pa., was charged May 12 with first-degree corruption of minors. *Yuri Lockburner, 21, of Laceyville, was charged May 20 with harassment after an altercation at the Wysox General Store parking lot. *Tracie L. Robinson, 25, of New Albany, Pa., was charged May 20 with theft by unlawful taking. *Brian Short, 56, of New Albany, Pa., was charged May 20 with harassment stemming from a May 14 incident in the borough of New Albany. *James J. Johnston, 29, of Gillett, was charged May 22 with being a fugitive from justice from the village of Watkins Glen on a charge of felony fourth-degree grand larceny. *David A. Ives, 38, of Turnpike Road in Bath, was charged May 23 with felony driving while intoxicated, felony aggravated driving while intoxicated, felony aggravated unlicensed operation of a motor vehicle, failure to comply to a police directive and second-degree criminal impersonation. *Holly L. Padgett, 23, of East William Street in Bath, was charged May 23 with second-degree unlawfully dealing with a child stemming from an underage driving party. *Michael S. Vautrin, 45, of Mount Pleasant, Mich., was charged May 26 with third-degree aggravated unlicensed operation of a motor vehicle and a seat belt violation. *Billy J. Hughes, 44, of Corning, was charged May 27 with second-degree criminal contempt for allegedly violating an order of protection. *James B. Holiday, 39, of Hillvue Avenue in Corning, was charged May 27 with second-degree harassment. *Shannon Marie Clarkson, 27, of Reynolds Avenue in Corning, was charged May 28 with second-degree aggravated unlicensed operation of a motor vehicle and also was arrested on a warrant for failure to appear. *Jerry L. Taft, 40, of Knowles Road in Campbell, was charged May 29 with driving while ability impaired by alcohol and following too closely. *Leveritt E. Willow, 25, of Fawn Lake Road in Addison, was charged May 30 with unlawful possession of marijuana. *Amanda M. Madden, 18, of Chestnut Street in Corning, was charged May 31 with driving while intoxicated, having a blood-alcohol level greater than .08 percent and failure to keep right. *Charles H. Randolph, 50, of Winfield Street in Corning, was charged May 31 with second-degree harassment. *Susan R. Stark, 42, of Bridge Street in Corning, was charged June 1 with third-degree assault, seventh-degree criminal possession of a controlled substance and disorderly conduct. *Billy J. Hughes, 44, of Dodge Avenue in Corning, was charged June 1 with petit larceny. *Rebecca Kjellander, 27, of Gillett, was charged June 1 with third-degree aggravated unlicensed operation of a motor vehicle and a seat belt violation. *Raymond J. Harndon, 19, of Victory Highway in Painted Post, was charged June 2 with second-degree aggravated unlicensed operation of a motor vehicle. The addresses listed in record items -- the last known residence of the accused or the address the person gave to law enforcement officers -- are obtained by the Star-Gazette from police or court records.


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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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