Forest City, 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
| Forest City, Pennsylvania News |
Talk of the Times with Carbondale Mayor Justin M. Taylor
This week, staff writer Denis O'Malley talks with Carbondale Mayor Justin M. Taylor about the sixth annual Pioneer City Christmas Ball.
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CLIPBOARD
Blakely Crime watch: Blakely-Peckville Neighborhood Crime Watch will meet Thursday at 7 p.m. at Blakely Hose Company 2's fire hall.
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$22M-plus in school projects likely
Two upcoming construction projects may greatly affect the budgets of school districts across the region.
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Namedropper
Marianne's term will begin on Jan. 1. Founding mothers of the organization present at the dinner were honored, including Marian Demko, Sonia Dessen and Audry Laputka, as were past presidents, including Marian, ...
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CLIPBOARD
Ararat Spaghetti dinner: Ararat Cemetery Association spaghetti and meatball dinner is Friday, from 5 to 7 p.m., at Ararat United Methodist Church.
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fear, faith and Defiance on Main Street
Like the lifeline bisecting a palm extended to a stranger, Main Street is the place where America shakes hands with itself.
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Job Fair draws hopefuls
Yolanda Orengo struggles to support her four children with the paltry paychecks she earns at a fast-food restaurant.
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Forest City Pierogy Pocket capital finalist
Forest City has been named one of five finalists in the competition for Capital of the Pierogy Pocket for 2009 sponsored by Mrs.
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CLIPBOARD
Avoca Office closed: The Avoca tax office will be closed until Monday. Carbondale Benefit dinner: A candlelight turkey dinner to benefit Staff Sgt.
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Funding for vital river gauges may dry up
BARRE The funding for real-time data from gauges that measure the Susquehanna River and its tributaries is in jeopardy, and that's causing concern among local officials who rely on the information to forecast ...
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this Morning
Man pleads guilty to child porn charge SCRANTON - A city man faces a 15-year minimum prison term after pleading guilty Friday to a child pornography charge.
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Forty-mile Lackawanna Valley trail stuck with a gap of 800 feet
A critical 1-mile link in a proposed recreational trail that would stretch the length of the Lackawanna Valley could come up 800 feet short.
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Fast-moving fire destroys cottage in Wayne County
As the blue sky faded to evening gray around Elk Lake on Sunday, Ralph Iora announced his intentions to take a nap.
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Forest City hopes to pocket Mrs. T's pierogi title
Folks in Susquehanna County's Forest City are so determined to show they love pierogies, they've created an urban legend.
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Namedropper
The American Red Cross Scranton Chapter and Carbondale/Forest City Chapter merged on July 1 to form a chapter that will cover all of Lackawanna County.
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Ravenstahl, Onorato Meeting With Gaming Board Director
Members of the Pennsylvania Gaming Control Board's executive staff will be in Pittsburgh Tuesday for a private meeting about the financially troubled casino under construction on the North Shore.
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With Pittsburgh Casino In Crisis, Gaming Board Staff To Visit
Members of the Pennsylvania Gaming Control Board's executive staff will be in Pittsburgh Tuesday for a private meeting about the financially troubled casino under construction on the North Shore.
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With Pittsburgh Casino In Crisis, Gaming Board Staff To Visit
Members of the Pennsylvania Gaming Control Board's executive staff will be in Pittsburgh Tuesday for a private meeting about the financially troubled casino under construction on the North Shore.
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With Pittsburgh Casino In Crisis, Gaming Board Staff To Visit
Members of the Pennsylvania Gaming Control Board's executive staff will be in Pittsburgh Tuesday for a private meeting about the financially troubled casino under construction on the North Shore.
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With Pittsburgh Casino In Crisis, Gaming Board Staff To Visit
Members of the Pennsylvania Gaming Control Board's executive staff will be in Pittsburgh Tuesday for a private meeting about the financially troubled casino under construction on the North Shore.
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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 prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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