Attica, 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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| Attica, New York News |
Pedophile charged after stop by police in Oceanside
A convicted sex offender from the 1990s was arrested again Wednesday after an investigation into his alleged involvement with at least two male juveniles, police said.
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New number relieves confusion
Some former customers of USA Datanet have discovered the local access numbers they once dialed to make long-distance calls are no longer in service now that Yak America has taken over the business.
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Woman faces several counts in fake prescription scheme
An Alexander woman faces criminal charges for using a stolen prescription pad to obtain prescription drugs from pharmacies, Genesee County sheriff's deputies said.
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Attica wind farm out; lacked key factor: wind
First Wind, the developer of the Steel Winds wind-power project in Lackawanna, has shelved a wind farm in Attica because of a lack of wind and has postponed a similar project in Prattsburgh because of the ...
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Police Reports a " Wednesday, Nov. 19, 2008
Howard County Arrests Monday, 9:45 a.m., deputies arrested Antonio Wiley, 26, 900 block of East Elm Street, at the Courthouse, on a warrant for failure to appear.
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Religion Notes / News of area faith groups
The first "Peace Fair" will be held from 10 a. m. to 2 p. m. next Saturday in Pilgrim-St. Luke's United Church of Christ, 355 Richmond Ave.
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Contractor accused of invoice padding
A private contractor who previously conducted business with the state Office of General Services was arrested on felony charges Monday after a joint state investigation found that he allegedly falsified ...
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Man Pleads Guilty To Credit Card Fraud
A New York man faces up to 10 years in prison after pleading guilty to credit card fraud in New Hampshire.
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Halfway house plan for Clinton Street will be discussed today
Plans to transform a former East Side rectory into a halfway house for men who are coming out of prison will be discussed at a City Hall hearing today.
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Repairs needed at Small Boat Harbor
Docks in the Small Boat Harbor that were heavily damaged in a mid-September wind storm are not only being repaired, but Mother Nature created an opportunity for some of the weather-worn docks to be completely ...
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Cops: Sex Offender, Kin Beat Up Wary Neighbor
A convicted sex offender and his four siblings have been charged with beating up a neighbor in a small-town apartment complex for posting fliers warning about his criminal past.
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Signs of the times: A partisan, but friendly, divide for Batavia family
Growing up in Attica, Wyoming County, Mark Clark honed his debating skills during impassioned dinner table discussions about politics with his parents and his eight brothers and sisters.
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"Good Morning America" visit leads to assistance for Arcade & Attica Railroad
Twelve-year- old Jon Thomas Robertson managed to hold back tears and smile broadly Tuesday, when his favorite television star surprised him on "Good Morning America" with the announcement that "Extreme Makeover ...
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Venerable Rocker Billy Worthy Of Idol Worship
WITH all his major hits written and recorded more than 20 years ago, Billy Idol might seem like more of a rocking-chair guy than a rocker.
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Town of Attica Man Dies In Motorcycle Accident
A Wyoming County man is dead following a motorcycle accident on Saturday night. Sheriff's Deputies say 39-year-old Eugene Maciejewski of Attica was driving along Dutch Hollow Road when he approached a curve and ...
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John Lennon's killer denied parole
John Lennon's killer Tuesday was denied parole for a fifth time. In turning down Mark David Chapman's request to be let go, a two-member Parole Board panel cited the predmeditated nature of his killing of the ...
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Crisis Puts Ny in 'Sell' Hell
Warning of an approaching economic calamity, Gov. Paterson yesterday called an emergency session of the state Legislature - and raised the specter that New York may have to sell off roads, bridges and tunnels ...
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CCC's Letchworth legacy
A statue in Letchworth State Park reminds Geneseo resident John Maniscalco, 87, of the time he spent working for the Civilian Conservation Corps after the Great Depression.
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News beat
Grand Avenue fire set, officials say City fire investigators have determined that last week's fire on Grand Avenue was intentionally set.
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Two former state employees charged with fraud
State Attorney General Andrew Cuomo has arrested two former state employees and charged them with fraud.
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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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