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Divorce Buyouts
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Adamsburg, PA Divorce Buyout in Pennsylvania
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 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.
Return to divorce buyout in the state of PA
| Adamsburg, Pennsylvania News |
VFD's temporary substation in Adamsburg closed
The Adamsburg and Community Volunteer Fire Department substation, built to allow a quick response during a Pennsylvania Turnpike construction project, has been closed.
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Drivers downsize as gas prices jump
Seven of the most popular used cars from April through June were small vehicles that get good gas mileage.
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Burglary suspect leads cops on chase
The man suspected of breaking into a Burgettstown store and stealing a motorcycle earlier this week was arrested in Westmoreland County early Thursday morning after he led troopers on a chase, state police ...
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Hempfield motorcyclist charged in police chase
A Hempfield motorcyclist who led police on a pursuit early Thursday morning has been jailed on numerous charges including assault on a canine officer.
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Brothers testify in fatal Manor shooting
"Just whatever we got, we were going to keep" Two brothers accused of being accomplices to the 2006 murder of a Hempfield man on the railroad tracks in Manor testified Wednesday against the alleged shooter. via PittsburghLIVE.com
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Honor Society Recognizes Most Outstanding First-Year Students
The Westminster College Circle of Omicron Delta Kappa , the national leadership honor society for juniors and seniors, recognized 10 "Most Outstanding First-Year Students" at a reception April 29 . via Westminster College
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Police say driver was intoxicated in hit-run
"He recognizes the charges are significant, but he is employed and not a flight risk. He is asking for the opportunity to return to the family he lives with and return to work" Matthew Richard Snyder allegedly drank as many as 20 beers and 10 shots of alcohol in 11 hours Sunday and early Monday before heading home in his 1998 Jeep Cherokee, striking and killing a pedestrian along ... via The Valley Herald
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Hempfield's fire chiefs say they'll consider alternatives
"We don't really want it either, but obviously this report (says) you better start planning now" While Hempfield's fire companies overwhelmingly oppose a consultant's recommendation to consider consolidation, one department chief said Tuesday his firefighters are willing to learn more about the option. via Pittsburgh Tribune
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Firefighter relief audits get approval
Fourteen Westmoreland county volunteer firefighter relief associations were found to be in compliance with regulations following audits by state Auditor General Jack Wagner. via PittsburghLIVE.com
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Westmoreland County emergency crews will buy 100 radios
"Carrying three different radios is rather cumbersome" Several Westmoreland County emergency service organizations will buy more than 100 800-megahertz radios through a $309,000 federal grant. via Pittsburgh Tribune
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Former roommate's testimony supports claim of murder setup
"She called several more times about when they are coming" Jennifer Vinsek made repeated telephone calls over a two-hour period to pinpoint the whereabouts of a man who was then lured to his death on the railroad tracks in Manor, her former roommate told a Westmoreland ... via PittsburghLIVE.com
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Driver: Greensburg defendant told him to run down man
"I saw a guy running by the police department, waving his hands. Jennifer was ducking in the car and saying we need to hit him so there are no witnesses. I swerved around and asked who it was. She said it was her cousin" A Greensburg woman charged with orchestrating the robbery and murder of a man on the railroad tracks in Manor nearly two years ago tried to have the sole witness to the shooting run down by a car during his mad ... via PittsburghLIVE.com
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Hempfield housing plan wins conditional OK
Hempfield supervisors granted conditional approval Monday night to the proposed Wingreene Village residential development near the Sony Corp. via Pittsburgh Tribune
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Adamsburg firefighters raise funds with twice yearly train show
"There's a lot of interest out there." Temperatures in the 50s and a Steelers loss seemed to have been a good combination for a high turnout at the recent train show at the Adamsburg Community Volunteer Fire Department. via Pittsburgh Tribune
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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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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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