Akron, NY Divorce Buyout in New York
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 York, 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 NY
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| Akron, New York News |
Newstead OKs rules for complex
The Newstead Town Board adopted two resolutions at its reorganizational meeting Monday pertaining to building a public works complex with the Village of Akron.
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Evans Bank acquires data firm
When Suchak Data Systems was founded in 1981, Evans Bank was one of its original customers.
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Bruce Andriatch: Bring on a 09! Herea s what to expect
Every local school board holds a meeting to ask residents where in the budget they would like them to cut to save money.
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Flooding Causes Road Closures
Flooding is expected to continue along parts of the Tonawanda Creek today. A few roads are closed as of Tuesday morning due to the flooding.
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Public hearing set in Newstead on shooting club's plan for site
A public hearing is set for Jan. 12 on the Buffalo Shooting Club's plans to redevelop a former industrial/mining site in Newstead into a trap-and skeet-shooting range.
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Wires Down...Power Out
High winds are to blame for numerous power outages throughout Western New York. NYSEG and National Grid are both reporting power outages because of downed wires.
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Akron pupils raise funds for Owen's Toy Box
Fifth-graders at Akron Central Elementary School recently donated $3,200 to Women and Children's Hospital.
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Group helps elderly and disabled people
Hearts and Hands Faith in Action, a volunteer organization, is assisting about 300 elderly and disabled people in Akron, Newstead, the Tonawanda Reservation, Alden and Wales.
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Board moves ahead on joint public works complex
Taking a cue from Councilman Thomas George, the Newstead Town Board agreed informally Monday ) to move forward on a joint public works complex with the Village of Akron and locate the complex at Clarence Center ...
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Reporters' Notebook/ Bits and pieces of news...
The spirit of giving will be in the air from 5 to 6:30 p. m. Wednesday as Middleport United Methodist Church, Park Avenue and South Vernon Street, holds a free community dinner.
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Coming Up
EPIC ENROLLMENT: EPIC, the New York State senior citizens prescription plan, will sponsor an open enrollment to help eligible seniors fill out applications and answer questions on how EPIC works with the ...
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Ways 2 Save: Home Heating Costs
The cold and snow are here already. And like almost everyone else, natural gas companies are warning about increased costs.
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Arrests made in home invasion
State Police have made two arrests in a violent home invasion in Newstead. Troopers have charged 39-year-old Albert Bauer of Akron and 23-year-old Norman Michael of Batavia with second-degree attempted murder.
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Village Board looking to add a part-time police officer
Akron hopes to add at least one part-time police officer to the village force to ease scheduling conflicts and keep overtime down.
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Community Christmas kicks off Dec. 13
Akron's Community Christmas will kick off Dec. 13 with a parade, caroling and a tree lighting.
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Tonawanda Seneca ties enrich Akron schools
The tribal heritage, culture and language of the Tonawanda Seneca Nation is an integral part of the Akron Central School District curriculum.
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For plucky turkey farmer bird biz about tradition
Preparing a Thanksgiving Day turkey is a completely different concept for Vicki Olexa.
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Option OK'd on site for public works
The Newstead Town Board on Monday authorized exercising an option to purchase 22 acres at 12831 Clarence Center Road as a possible site for a joint public works facility with the Village of Akron.
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Coming Up
SENIOR PROGRAM: Catholic Health's HealthConnection will host a program titled Elder Fraud/Smart Senior, presented by the state attorney general's office, at 6:30 p. m. Wednesday in CHS Education Center, Suite ...
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Owen - A Courageous Fighter To The End
Posted By: Claudine Ewing 6 hrs ago Owen Pieber battled a rare cancer with strength, endurance and courage.
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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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