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Allenwood, 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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Allenwood, Pennsylvania News
Funeral Arrangements

CUCHINE, jAMES, 31, of Watsontown. Visitation from 10 to 11 a.m. today at Brooks Funeral Home, 124 Main St., Watsontown, followed by funeral at 11.

Mid-Daily Items: Don't squeeze that wedding dress

Last month we published a story about Samantha Oakes, of Watsontown, and Lynnette Eichenlaub, of Allenwood, both seniors at Warrior Run High School, who made their prom attire out of Duct Tape.

Station owner felt threatened, attorney says

Sudhir Kumar, the Media man who admitted firing a gun at four adults and a baby, felt threatened by group members who uttered vulgar comments and refused repeated requests to leave his property, his attorney ...

'Good Times' for all in Wellsboro

WELLSBORO -- Despite war and economic woes, ridiculous gas prices and gross grocery costs, 'good times' are just around the corner.

Hawley's return draws 60

Michael Bavero/The Daily ItemWayne Hawley Jr., right, shakes hands Friday with Mark Burrows, Warrior Run Area Fire Department chief, during Hawley-s homecoming at the Turbotville fire station.

Couples stick together

Who knew that duct tape could make a fashion statement? For Samantha Oakes, of Watsontown, and Lynnette Eichenlaub, of Allenwood, both seniors at Warrior Run High School, that question became a challenge.

Wayne Hawley's return draws 60: Scores of firefighters welcome injured colleague home

Friday was a day of emotional moments for Wayne Hawley Jr. Perhaps the most powerful was when he carefully backed his electric wheelchair down the ramp from his van, guided by his wife, Judy, who had driven him ...

Firefighter Returns Home after Months of Rehab

A firefighter paralyzed while battling a blaze is returning home for good. Captain Wayne Hawley of the Warrior Run Fire Department came home Friday from a hospital in Philadelphia to a hero's welcome in central ...

Follow the Frogs: Exhibit details

Follow the Frogs Frogs: A Chorus of Colors , a live frog exhibit, opens to the public today and runs through Sept.

Traffic Advisory: Route 15 near Allenwood

Route 15 southbound traffic, south of Allenwood, will be detoured late Saturday night and Sunday morning to facilitate emergency roadway repairs in the work zone just north of Interstate 80. via

Convicted bank robber charged with robbing banks after release

"We had a horrible experience with a contractor when we were looking to build our home, but luckily never signed a contract with that person. After..."

A man who held up his first bank at the age of 16 was charged yesterday with robbing banks in April in Newburgh and Monroe just weeks after he was released from prison. via

3 Britons Sentenced in $20 Million Enron Fraud

"Our involvement was wrong and we failed to take the right course of action"

Giles Darby, top; David Bermingham, center; and Gary Mulgrew were each sentenced to 37 months in prison. via The Washington Post

3 bankers jailed for Enron-linked fraud

"At the time, I didn't realise the implications of what was happening. I failed to take the right course of action and I deeply regret that."

New York: An American judge has sentenced the so-called "NatWest Three" to 37 months' jail each after expressing admiration for the support commanded by the disgraced British bankers who stole $7.3 million in ... via The Hindu

Bankers Each Get 37 Months in Enron Case

"I'd like to apologize to the people hurt by my decisions."

Three British bankers were sentenced Friday to just over three years in prison for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow, and they're hoping to serve some of ... via The Huffington Post

New Carnegie exhibit a literal load of crap

"Notice how everything is placed lower?"

Issue date: 2/20/08 Section: Arts & Entertainment The Carnegie Museum of Natural History houses and preserves many valuable items. via The Pitt News

8 Hurt in Fight at Federal Prison in Pa.

A fight broke out at a federal prison in central Pennsylvania on Monday, forcing a lockdown and sending eight inmates to the hospital.

No guards were hurt in the melee at Allenwood Federal Prison's medium-security facility, said Traci Billingsley, a spokeswoman for the Federal Bureau of Prisons. She did not known the nature or extent of the inmates' injuries.

The fight started around 5:15 p.m. but was quickly brought under control, she said. The prison was locked down, she said.

'At no time was there any threat to the community,' she said. Read more

New Red Cross director gets his feet wet

"I was too young to stay retired"

After a week on the job, the new executive director of the Upper Northumberland County Chapter of the American Red Cross is starting to get a handle on things. via

Carnegie Museum Exhibits 'Scoop On Poop'

The Scoop on Poop! is a traveling exhibition based on the popular book of the same name by Dr. via

He's hit the bull's-eye

"One of the things they were suspicious of was, did we have the labor force? But, we were able to show them we had 500,000 people in that 50-mile radius."

After 21 years in the planning and development business, Stephen Hall says he's grown tired of the board meetings, the committee meetings. via

Filipino couple get temporary reprieve

"At least we have a little breather. And we hope and pray that in the interim there will be some kind of intervention"

Pedro and Salvacion Servano, Filipino immigrants facing deportation for misstating their marital status on visa applications, were placed yesterday under an order of supervision that restricts their movements ... via

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