Kresgeville, 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
| Kresgeville, Pennsylvania News |
Fire Damages Home in Monroe County
A family lost everything in an early morning fire in Monroe County. The fire broke out before 4 a.m. at a home near Kresgeville.
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Police blotter for Thursday, Nov. 27
Shana Ramos, 39, of Effort, was charged with disorderly conduct after a Nov. 25 incident at Pleasant Valley Intermediate School in Polk Township.
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Polk man charged in drug case
Brian Farrell, 24, of Kresgeville, has been charged with possession of drugs, namely marijuana and hallucinogenic mushrooms, said Eric Kerchner of the Monroe County Drug Task Force.
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Company News
SANDS LEASES NEARLY 10,000 FEET OF OFFICE SPACE Matt Dorman of Summit Management and Realty Company recently announced that Sands BethWorks has leased 9,500 square feet of office space at 511 E. Third St., ...
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Carbon to ax occupational tax
Carbon County commissioners approved three items at Thursday's meeting that will restructure county debt and pave the way for eliminating an unpopular tax in 2009.
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Supervisors Discover Fire in Municipal Building
Officials in Monroe County said if it wasn't for a special meeting their municipal building might have gone up in flames.
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Pocono Power Broker: Sara May-Silfee
Monroe County Voter Registration Office Director Sara May-Silfee in her Stroudsburg office on Wednesday, Oct.
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Man with Easton area ties charged in Monroe County drug ring
A man with ties to the Easton area was indicted Tuesday on charges he helped to distribute methamphetamine, psilocybe mushrooms and more than 100 kilograms of marijuana as part of a drug ring run out of three ...
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Kresgeville engineers gets environment award
The Kresgeville office of Keystone Consulting Engineers Inc. on Route 209 will receive the 2008 Erosion and Sedimentation Pollution Control Award presented by the Carbon County Conservation District on ...
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Four indicted for drug manufacturing
A federal grand jury Wednesday returned a six-count indictment charging four people with operating a marijuana growing operation, trafficking marijuana and psilocybe mushrooms, and attempting to manufacture ...
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Dale Young
Dale Kenneth Young Sr., 60, died Oct. 14, 2008, at the Crowley Ridge Care Center in Dexter.
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Physical therapy clinic thanks patients Friday
October is National Physical Therapy month, and West End Physical Therapy will celebrate with a Patient Appreciation Day on Friday.
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Polk firefighters teach kids fire safety
Rich Smallenburg of the Albrightsville Fire Company, left, and Jeff Weiss of the West End Fire Company help Reagan Warenda, 6, a first-grader at Polk Elementary, exit the 'Fire Safety House' through a window ...
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Operation Touch of Home hosts dinner to thank local soldiers
More than 400 local soldiers have been sent to Iraq and Afghanistan, and about 75 are still there today.
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'Regular only' signs fuel fears of gas shortage
Two innocent words ignited fears at some local gas stations this weekend. "Regular only." Kevin Treible of Kresgeville saw those words posted at two East Stroudsburg gas stations.
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Washington Township Northampton County Head-on Collision Sends 3 to Hospital
A head-on collision in Washington Township, Northampton County, Friday afternoon sent three people to the hospital with injuries, township police said.
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New ribbon recognizes most outstanding work
Pat Foucault of Kresgeville spent more than 10 months working on her counted cross-stitch Celestial Dragon she entered into the West End Fair this year.
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Police Blotter: Thursday, Aug. 21
Shawn Barrow, 18, of Kunkletown, will be charged with harassment and criminal mischief after an Aug.
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Sludge spill closes Route 209 in Polk Township
KRESGEVILLE — A near-collision on Route 209 sent about 100 gallons of dewatered sewage onto the road, diverting traffic for several hours.
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Sludge spill closes Route 209 in Polk Township
KRESGEVILLE — A near-collision on Route 209 sent about 100 gallons of dewatered sewage onto the road, diverting traffic for several hours.
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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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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