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Adah, PA Divorce Buyout in Pennsylvania

Since 1979 Somerset Mortgage Lenders Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Pennsylvania, 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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Adah, Pennsylvania News
Fayette voters might cast Nov. 4 ballots at new sites

Fayette County officials are considering the possibility of changing the polling places for voters in as many as 10 municipalities by the Nov.


Connellsville woman crashes car into recycling vehicle

A Connellsville woman was flown to Ruby Memorial Hospital after driving her car into a recycling vehicle Tuesday morning in Georges, Fayette County. via PittsburghLIVE.com


2 Fayette men charged in attempted burglary

Two Fayette County men are being held in the Westmoreland County Prison on charges of trying to burglarize the home of one suspect's father to steal a motorcycle. via Pittsburgh Tribune


Police cite 75 at keg party

"And I can tell that they're not sober."

EYANA ADAH MCMILLAN Police cited 75 people and charged six others with furnishing alcohol to minors Saturday night at a keg party in York City. via York Dispatch


Kyrgyzstan: Debates over President and Parliament

Edil Baisalov's personal blog , one of the most visited blogs in Kyrgyzstan has not been updated since 4 December, 2007. via Global Voices Online


Man seriously injured in accident

One man suffered serious injuries Wednesday afternoon when the vehicle he was driving and a tri-axle collided on Route 166. via Herald-Standard


Hannah mania

"I tried really hard to get tickets, but I couldn't."

Miley Cyrus, the 'tween pop sensation, and her TV alter ego Hannah Montana, will perform Friday at Mellon Arena for the fortunate few who were lucky enough to get tickets -- those earliest of birds who bought ... via Pittsburgh Tribune-Review


Law & Order

Michael R. Haines, 24, of Uniontown was charged with disorderly conduct after an incident involving Tonya Nicklow, also of Uniontown, at a business in South Union Township at 3:40 p.m. Wednesday, state police ... via Herald-Standard


Salvation Army Masontown center serves various communities

"Can they get sleepers because the landlord won't turn up the heat?"

There are many stories in Rose Cook's files. "Every family has a different situation,'' said Cook of the Albert Gallatin Service Center of the Salvation Army, based in Masontown. via Herald-Standard


Give-A-Christmas campaign gains momentum

The 2007 Give-A-Christmas campaign is starting to gain momentum as Herald-Standard readers contributed $1,400 in the latest donations. via Herald-Standard


Law & order

Man robbed State police said a 17-year-old Brownsville boy is in jail after he allegedly robbed Joseph Minno, 22, of Adah at 2:55 p.m. Sunday. via Herald-Standard


Robert Esquivel/Herald-Standard

A firefighter sprays water on flames shooting from the second floor of a residence in Adah Friday. via Herald-Standard


Law & Order

Rock thrown State police at Belle Vernon are looking for the person who threw a rock at an unmarked state police vehicle on Route 166 at Johnston Road around 7:20 p.m. Sunday. via Herald-Standard


Campaign accepting donations

"Now might also be the time to start a new tradition of giving, and helping those less fortunate"

Inspired by the meaning of Thanksgiving, Sparkle the Christmas star wants to remind everyone that we all have so much for which we should give thanks. via Herald-Standard


Give-A-Christmas campaign under way

The Herald-Standard is launching the 2007 Give-A-Christmas campaign today with a goal of raising $40,000 for the Salvation Army. via Herald-Standard


Law&Order

Window broken Uniontown police said vandals broke a window at a business in Uniontown at 11 p.m. Tuesday. via Herald-Standard


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