Alloway, NJ Divorce Buyout in New Jersey
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 New Jersey, 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 NJ
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| Alloway, New Jersey News |
Burglars brazen now, say police
State police here working to crack the case on a series of brazen daytime home invasions and a separate rash of overnight car burglaries in the area are asking for the public's help.
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Alloway to have its own Web site
The township committee passed a resolution to create a Web site for Alloway Township residents.
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Pastor joins Morristown church
MORRISTOWN -- A new pastor is coming to the Presbyterian Church of Morristown at 57 Park Place.
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Alloway secures funding for revaluation
After announcing a revaluation would occur here, the township committee has now secured funding.
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Time for that live Christmas tree to go
According to the National Fire Protection Association, each year nearly 240 home fires start with Christmas trees.
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Of Salem County schools, 74 percent reach No Child Left Behind standards
According to the New Jersey Department of Education , nearly 26 percent of schools in Salem County failed in 2008 to meet the Annual Yearly Progress standards set forth by the No Child Left Behind Act .
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Call-a-thon aids Ranch Hope
When the rush of holiday shopping ceases, it may begin to sink in that being home is the most coveted gifts one can have.
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South Jersey: Radio-thon tomorrow to help Ranch Hope
ALLOWAY -- Join the Rev. Dave Bailey and Dave Bailey Jr. for the annual Ranch Hope Christmas Tea Call-A-Thon scheduled for Saturday.
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County truck wash OK'd
The days of the bucket and hose are ending for the county, which is being forced to rethink how it cleans its fleet of vehicles to meet tightening environmental standards.
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State purchases Holly Hills; course to go back to nature
The state's Green Acres has officially purchased Holly Hills Golf Course for approximately $3.5 million, and will allow the grounds of the once heralded golf course to grow back into a natural state.
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Police Beat
All Items in Police Beat are based on official police reports of events. Reports are published by The Daily Journal as soon as they are made available.
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Fogg arrested for Pike Lanes gunfire
A 45-year-old Alloway Township man was arrested earlier this month on charges that he fired a handgun at the owner of a local bowling alley.
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Two years later, four Atlantic City prostitute deaths unsolved
Two years after the bodies of four prostitutes were found dumped behind a seedy motel just outside this gambling resort, those who called them daughter, sister, wife, friend, or even mother would prefer not to ...
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a oeI Love Molly and I Miss Hera
Thursday, November 20th, marks two years since four women were found murdered at the Jersey Shore and for those who knew and loved them, there are still very few answers.
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update: Alloway Township residents hope U.S. Fish and Wildlife will kill housing project
Denise Hurff would not go so far as to say she felt excited, exactly. Sure, it felt like a victory Wednesday night when the Planning Board voted unanimously to invite the U.S. Fish and Wildlife Service to study ...
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Quinton may cancel sewer contract
The Quinton Township Committee wants to terminate its contract with Metra Industries, the company installing the new sewerage system, for allegedly failing to fulfill its end of the deal and complete the ...
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Bus Trips
St. Isidore the Farmer Parish will sponsor a bus trip to New York City Nov. 15. Cost is $225, includes transportation, an orchestra seat for the 2 p.m. performance of "Wicked" and dinner at Remi's, a $100 ...
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Robert Burns Poetry To Be Twittered
The works of Robert Burns are being Twittered as part of the celebration of the Scottish poet's 250th birthday.
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Big Read event promotes literacy in Salem County
Science fiction became reality as families enjoyed activities that highlighted Pulitzer Prize-winning author Ray Bradbury's "Fahrenheit 451" at Salem Community College Saturday.
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Alloway Halloween Parade may be postponed due to rain
The Alloway Halloween Parade, a tradition in its 40th consecutive year, promises to be bigger and better than ever before.
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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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"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
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