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Allison, 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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Allison, Pennsylvania News
Kids' Karnival

James Mann/jmann@winchestersun.com Brandon Baber, left, top photo, and his brother, Robert Anderson, 6, point out the stain glass window art work they created to their mother, Chrystal Anderson, at the Kids ...


Babies in triplicate for Durban couple

"This is the first one we are aware of in the literature in the country in which they only put back one embryo and a woman gave birth to triplets."

By Lusanda Doko A Durban woman has given birth to identical triplets, something doctors all over the world say happens once in 200 million births. via Pretoria News


Thrill of 3 - roanoke.com

"We're trying to squeeze in an hour whenever we can."

Tom and Allison Penn welcomed identical triplets last month. Tom Penn, a Roanoke native, said he and his wife painted a fingernail on each baby Virginia Tech maroon to tell them apart. via Roanoke Times


Clinton makes stop in Fayette

"We need a woman to clean up the White House -- vote 4 Hillary."

More than 5,000 local residents gathered Monday to hear Sen. Hillary Clinton's self-proclaimed "job interview" speech at Penn State Fayette, The Eberly Campus. via PittsburghLIVE.com


Redstone blaze destroys duplex; firefighter injured

State police are investigating a fire at a Fayette County duplex this weekend that left a firefighter injured and an undetermined number of people homeless. via Pittsburgh Tribune


Grandparents welcome 'miracle triplets'

"I have a niece who lives in Ireland who saw it on television there"

MANCHESTER - John McGuire says his phone rings a lot these days. That's what happens when you're part of a feel-good story that draws international media attention. via Asbury Park Press Online


Woman Delivers Long-Shot Identical Triplets

The odds of identical triplets are longer than winning a big lottery jackpot, but a Long Island woman has done it. via WISN.com


Identical in-vitro triplets born in NY

"I looked over at Allison and her mouth was wide open and her eyes were like saucers, and she didn't say a word"

When they get older, Logan, Eli and Collin Penn may blanch at the notion they wore nail polish to their first news conference. via Daily Times


Woman gives birth to identical triplets

"Everything we had done was to have one baby"

Tom and Allison Penn had tried to have children for years and finally had just one embryo implanted at their fertility clinic. via ParentDish


Triplets shock for IVF mum

A NEW York woman who took the in-vitro route to pregnancy has given birth to identical triplets - " an event thought to happen just once in 200 million births. via Scotsman.com News


Long Island woman gives birth to identical triplets

A Long Island woman has delivered a set of identical triplets -- an event that North Shore University Hospital says happens in one of every 200 million births.

Allison and Tom Penn of Huntington became parents to Logan, Eli and Collin on Feb. 27. All three boys are healthy.

Dr. Victor Klein, who delivered the boys, said many triplets are considered to be identical but if they are born naturally no one generally knows for sure. He says because Allison Penn received in vitro fertilization, doctors know the boys were born from one embryo that split twice and from one placenta, the organ that nourishes the babies. Read more


Authority targeting delinquent customers

"That sounds like a lot, but there are a lot of places to go for these grants"

The Luzerne Township Sewage Authority is preparing to take action against property owners who are delinquent in paying their sewerage bills or who have failed to tap-in to the system as required. via Herald-Standard


Afternoon automobile accident ties up Route 40

"It swerved off the road and I couldn't figure out why, then I saw the telephone pole moving."

A vehicle rests in a yard east of Jackson Farm on Route 40 after hitting a telephone pole and a stone wall Thursday. via Herald-Standard


Law & order

Man wanted State police said an arrest warrant has been issued for Charles Murray of Brownsville. via Herald-Standard


Give-A-Christmas fund nears goal, several hundred dollars to go

The 2007 Give-A-Christmas fund now stands at approximately $39,400 - just shy of the goal to raise $40,000 for the Salvation Army. via Herald-Standard


Law & Order

Assault reported Erin Moore of Uniontown told city police that someone she knows assaulted her with a baseball bat at a home on Dunkard Avenue at 12:29 a.m. Tuesday, Uniontown police said. 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


Robert Esquivel/Herald-Standard

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


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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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