Vails Gate, 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
| Vails Gate, New York News |
Family of four wakes to house fire
A fire alarm woke family members just in time to escape from their burning house early Saturday morning, Salisbury Mills fire chief said.
|
Greater Hudson Valley Toy Drive
Join us along with Hannaford Supermarkets, Mid Hudson Valley Federal Credit Union, Ruges Subaru, Ruge's Chrysler Dodge Jeep, Guardian Self Storage, Verzion Wireless & Fireside Warmth for the annual Greater ...
|
Machine failures, long lines disrupt Orange, Pike voting
Voters throughout the Hudson Valley were reporting long lines as residents rushed to cast their ballots before work this morning.
|
Candles, Creative Gifts and More: a business that serves two purposes
Luann Richards of New Windsor, who owns and runs Candles, Creative Gifts and More at 2439 Route 32 in Vails Gate, not only sells organic, vegetable-based candles, but also provides an outlet for local craftsmen ...
|
Town of New Windsor police to debut text alerts
News as it happens soon could be coming to your cell phone or e-mail inbox, courtesy of the New Windsor Police Department.
|
Program provides supplies to needy families
More than 40 students in need started the school year with new backpacks chock-full of school supplies, thanks to the generosity of Toyota Financial Services of Middletown, Vails Gate Church of Christ and a ...
|
Sisters leaving Vails Gate in search of new home
In 1954, the nine-year-old Episcopal Order of St. Helena bought land at the northeast corner of Blooming Grove Turnpike and Forge Hill Road and founded a convent.
|
Early morning fire in strip mall damages businesses
A fire ripped through the upper level of three stores in a Route 207 strip mall early Friday.
|
Early morning fire damages 3 New Windsor businesses
A fire ripped through the upper level of three stores in a Route 207 strip mall early Friday.
|
Fire In Strip Mall Damages Businesses
In the early morning hours of Friday September 26, 2008, the Vails Gate Fire Department responded to a 2 alarm blaze in a strip mall on Route 207 near the entrance to Stewart International Airport.
|
Rescue boat disappears after falling off fire truck
Whoever has it, the Vails Gate Fire Department wants its boat back. The boat - a heavy-duty rubber rescue craft - fell off a firetruck on Route 32 while the truck was en route to a call in Cornwall Saturday ...
|
Bank is adding 3 new branches to its network
Orange County Trust could grow from five offices to eight in the coming year. The bank, which hasn't opened a branch since 2001, has one new office under construction and just received regulatory approval for ...
|
Police: Suspect in abduction, rape in custody
Police say they have in custody a man suspected of abducting and raping a 36-year-old Middletown woman and earlier Wednesday threatening another with a knife.
|
A man was arrested Wednesday after police say he tried to abduct a woman in New Windsor.
Police in Orange County tell Eyewitness News that the suspect in custody is believed to be the same man in the previous abduction and sexual assault over the weekend.
|
Suspect in rape case arrested
A five-day search for a rape suspect ended Wednesday, police said, after the man threatened another woman.
|
Suspect questioned in abduction, rape
State and New Windsor Town Police have a man in custody who they think abducted and raped a woman in Hamptonburgh last Saturday.
|
Crestview Lake lodge destroyed
NEW WINDSOR Fire that leveled the vacant lodge building at Crestview Lake in New Windsor Friday morning was incendiary, but investigators are still trying to determine the cause and origin of the blaze.
|
Vails Gate woman charged in Nigerian scam
It all ended for Joyce Somoza with two fake checks and an ad for a puppy. The puppy ad was a typical target for an international fraud ring that uses the Internet to lure both victims and accomplices, Blooming ...
|
Rockland County couple splits $17 million Mega Millions jackpot with player from Illinois
Edward and Bertha "Ellen" Hopper of Tompkins Cove Thursday collected their 50 percent share of a $17 million jackpot from the Mega Millions multi-state drawing held on May 23.
|
18th-century fun coming to Knox's Headquarters
An evening of magic and music is planned from 8:30-10:30 p.m. Saturday at Mount Ellison, better known today as Knox's Headquarters State Historic Site, Route 94 and Forge Hill Road in Vails Gate.
|
|
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
| |
"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
|
|