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Asbury Park, 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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Asbury Park, New Jersey News
Slaying victim's brother testifies: 'They killed Saahron'

As Saahron Jones lay on the floor of his living room at gunpoint, his hands tied behind his back while three intruders grew angrier because they didn't find any money in his Asbury Park apartment, he didn't beg ...


Trial opens in murder of Asbury Park man

A young man from Asbury Park wanted to borrow a piece of jewelry from his brother three years ago on New Year's Eve, but instead walked in on his sibling's murder, an assistant prosecutor told a Monmouth County ...


Free-throw competition in Asbury Park

The local level of competition for the Knights of Columbus' free throw championship will be held Jan.


Ahearn: A beach collision of same-sex, religious rights

A LESBIAN couple won a ruling from the state Division on Civil Rights last week in a Jersey Shore case pitting gay rights against religious belief.


Monmouth teen charged in car crash that killed passenger

A Monmouth County teenager has been charged with vehicular homicide in a one-car crash on Thanksgiving in Colts Neck that left a 17-year-old dead and a 16-year-old seriously injured, according to a report in ...


Teachers should accept a smaller pension or a wage freeze

During holiday get-togethers, there was a common theme around the dessert table: The economy stinks, and how safe is your job? One person lost her job working for the admissions' office at a small college.


Food delivery man assaulted, robbed in Asbury Park

Three robbers lured a Chinese food deliveryman to an unoccupied home, then punched him and stole his wallet, police said.


Meetings planned for public input on Asbury schools chief

The consultants conducting a search for a new city school superintendent will hold four meetings Wednesday for parents and community members to document what they would like to see in a leader of the Asbury ...


Brick mayor withholds reorganization report

On New Year's Eve, 47 township employees - mostly clerks and laborers - were laid off.


Murder total lowest since 1989

For Monmouth County law enforcement, 2009 began on a high note, with authorities hoping to sustain the lowest homicide rate in almost two decades.


Officials resume search for body off Asbury Park

The search for a body that allegedly disappered in the frigid surf off First Avenue resumed shortly after 8 a.m. today, fire officials said.


Search on for missing person in surf off Asbury Park

Police, fire and Coast Guard authorities are searching for a person believed to have disappeared in the ocean off First Avenue.


Food and more in a 'quiet' Asbury Park

While her 3-year-old son, Zaheem Brown - dressed in his bright red Christmas finery - played with a toy, Latiesha Brown sat at one of the large round tables at the Salvation Army and listened to a band perform.


Friday Letters to the Press

It's all-American to have your say In the Dec. 18 letter entitled "Liberal Doonesbury not worth reading," the writer states that "he is sick and tired of the not-funny cartoon," and "wonders why news editors ...


New wishes for a new year

Jane Sandlar spent 2008 proving that the distribution system for her Asbury Park business, Ducky Life Tea, could make her money.


Neptune, Asbury shootings under investigation

Police in Neptune and Asbury Park are investigating two shootings that took place within several hours of each other this weekend, and they are trying to determine if the two incidents are related.


Judge rules Monmouth church group discri

A lesbian couple that was barred from holding a civil union ceremony at a beachfront pavilion owned by a Monmouth County church group has won a legal victory.


Man loses drug conviction appeal

An Eatontown man acquitted of trying to kill an Asbury Park resident four years ago has lost an appeal on an unrelated cocaine and heroin conviction.


County Prep math teacher, girls soccer coach faces sex charges

A 44-year-old math teacher at County Prep High School in Jersey City who is also the girls soccer coach is being accused of having carried on a yearlong sexual relationship with a 16-year-old girl in Point ...


Can dolphins survive winter in NJ rivers?

In this Wednesday, July 2, 2008 file photograph, boaters look on as bottlenose dolphins swim in the Shrewsbury River Wednesday, July 2, 2008, in Sea Bright, N.J. On Thursday, Dec.


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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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