Consolidation extension and modification agreement ideas

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Consolidation Extension And Modification Agreement. NEW YORK CONSOLIDATION EXTENSION AND MODIFICATION AGREEMENT–Single Family–Fannie MaeFreddie Mac UNIFORM INSTRUMENT Form 3172 101 rev. The following instructions apply if this Agreement is used in a consolidation extension or modification of a single family loan intended for possible sale to Fannie Mae or Freddie Mac. For Mortgages secured by property in New York State that are documented using a New York Consolidation Modification and Extension Agreement NY CEMA the Mortgage file must contain the following. The language in Exhibit A to this Agreement is only a sample and may be revised.

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The following instructions apply if this Agreement is used in a consolidation extension or modification of a single family loan intended for possible sale to Fannie Mae or Freddie Mac. Consolidation Extension and Modification Agreement CEMA Request to Lender Required Items Please Read Carefully. The language in Exhibit A to this Agreement is only a sample and may be revised as appropriate. Must include a completed Notary section for both the borrower and lender signatures. The following items are required and must be mailed faxed requests will not be accepted to one of the firms chosen from the attached CEMA Attorney Information sheet. For Mortgages secured by property in New York State that are documented using a New York Consolidation Modification and Extension Agreement NY CEMA the Mortgage file must contain the following.

_____ County of _____ ss.

1 All notes security instruments assignments the most recent consolidation agreement and related agreements that modify consolidate or extend prior underlying obligations and which predate this Agreement must be listed in Exhibit A to this Agreement. If MERS is the beneficiary the MOM verbiage must be incorporated into Section E of the CEM Agreement. CEMA stands for Consolidation Extension and Modification Agreement and is used to save mortgage tax in certain situations. Borrower agrees that this Agreement consolidates the rights and obligations under the Existing Notes and under all other agreements which consolidated modified or extended the rights and obligations under the Existing Notes. Consolidation Extension and Modification Agreement CEMA Request to Lender Required Items Please Read Carefully. The most secure digital platform to get legally binding electronically signed documents in just a few seconds.

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_____ _____ being duly sworn does hereby depose and state as follows. The following items are required and must be mailed faxed requests will not be accepted to one of the firms chosen from the attached CEMA Attorney Information sheet. You may be able to avoid mortgage recording taxes however by using a Consolidation Extension and Modification Agreement or CEMA. Agreement to Consolidate and Modify the Existing Notes. How long does a CEMA take.

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How long does a CEMA take. 501 page 2 of 8 pages II. New York Consolidation Extension and Modification Agreement - Single Family - Fannie MaeFreddie Mac UNIFORM INSTRUMENT Form 3172 Type of Instrument Instrument Revision Date. CEMA stands for Consolidation Extension and Modification Agreement and is used to save mortgage tax in certain situations. All notes security instruments assignments the most recent consolidation agreement and related agreements that modify consolidate or extend prior underlying obligations and which predate this Agreement must be listed in Exhibit A to this Agreement.

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