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Adjustable Rate Notes CONSOLIDATED ADJUSTABLE RATE Additional Comments The above documents are required in order for the Notes to be certified. The Note Date on the applicable Freddie Mac Form 1034 Custodian Certification Schedule Summary must match the date of the modification NY CEMA not the date of the Note. See Freddie Mac Single-Family Seller/Servicer Guide Sections 6. 8. 1 46. 2 and 47. 1 for additional information regarding documentation ...

How to fill out cema form 3172

How to fill out cema form 3172:

1. Begin by gathering all the necessary information required to fill out the form, such as the names of the mortgagee and mortgagor, the loan amount, and the property address.
2. Open the CEMA form 3172 and carefully read through the instructions and sections to familiarize yourself with the requirements.
3. Start by filling out the top section of the form, which includes the name of the lender, their address, and their attorney's information.
4. Move on to the borrower's information section, where you will need to provide the name, address, and contact details of the mortgagor(s).
5. Fill in the details of the original mortgage, including the original loan amount, the date of the mortgage, and the recording information.
6. Provide the information related to the new mortgage, such as the new loan amount, the interest rate, and the terms of the loan.
7. Include any additional fees associated with the new mortgage, such as closing costs or points.
8. If there are any uncontested or contested withdrawals, clearly indicate them in the appropriate section.
9. Sign and date the form once you have completed filling in all the required information.
10. Submit the filled-out CEMA form 3172 to the appropriate party, such as your lender or attorney, for further processing.

Who needs cema form 3172:

1. The mortgagors and mortgagees involved in a mortgage transaction that involves the assignment of a mortgage.
2. Individuals or entities looking to refinance an existing mortgage using the prior mortgage as collateral.
3. Borrowers and lenders who want to take advantage of the Consolidation, Extension, and Modification Agreement (CEMA) to streamline the mortgage assignment process and potentially save on mortgage recording tax.

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What is cema form 3172?

CEMA Form 3172, also known as Certificate of Eligibility for Mortgage Assistance, is a form used by the New York State Department of Taxation and Finance to determine eligibility for certain property tax exemptions and relief programs.

Who is required to file cema form 3172?

Property owners in New York State who wish to apply for property tax exemptions or relief programs are required to file CEMA Form 3172.

How to fill out cema form 3172?

To fill out CEMA Form 3172, you need to provide detailed information about yourself, your property, and your financial situation. The form must be completed accurately and submitted along with any supporting documentation.

What is the purpose of cema form 3172?

The purpose of CEMA Form 3172 is to determine the eligibility of property owners for various property tax exemptions and relief programs offered in New York State. It helps the Department of Taxation and Finance assess an individual's financial need and determine their eligibility for assistance.

What information must be reported on cema form 3172?

CEMA Form 3172 requires detailed information about the property owner, including contact information, property details, income information, and other relevant financial information. It may also require supporting documentation, such as proof of income or property ownership.