answersLogoWhite

0

What is CEMA?

User Avatar

Wiki User

โˆ™ 2009-03-17 03:27:34

Best Answer

cema is a term used in the mortgage industry that helps people avoid paying county taxes again,

if some refinanced a loan of $300k and wants to refi a new loan for $350k 1 year later the cema would allow them to pay taxes on the new money only of $50k. CEMA is only typically charged in New York State.

User Avatar

Wiki User

โˆ™ 2009-03-17 03:27:34
This answer is:
User Avatar
Study guides

US Civil War

20 cards

Why were poll taxes created

What is a graduated income tax

What sparked the beginning of the Civil War

When Abraham Lincoln was elected president what was the result for the southern states

โžก๏ธ
See all cards
3.65
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
96 Reviews

Add your answer:

Earn +20 pts
Q: What is CEMA?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When was University of CEMA created?

University of CEMA was created in 1978.


What does the acronym CEMA stand for?

One will find when searching the internet for the acronym CEMA that there are several different meanings of what CEMA stands for. One of those acronym's of CEMA is Canadian Egg Marketing Association.


Is Taco Bell affiliated in any way with CEMA?

Yes


Who can beat wrestler named John cema?

Triple h can beat John cena and he is the only one


What are the CEMA countries?

Council for Economic Mutual Assistance. The CEMA countries include United Arab Emirates, Ukraine, Turkey,South Africa, Slovenia, Serbia, Saudi Arabia ,Russia, Romania, Nigeria,Morocco, Kenya,Kazakhstan, Israel ,Hungary, Greece , Czech Republic ,Croatia ,Bulgaria ,Austria


Roger Whittaker what CD can you find scarlet ribbons on?

S C A R L E T R I B B O N SCD 1985 England Tembo TMBCD-103CD 1990 U S A Capitol Nashville CDP-7-94151-2CD3 1991 Canada Reader's Digest 3872-03CD 1992 Canada Cema S23X-57838CD 1992 U S A Capitol Nashville CDP-7-96385-2CD 1993 Canada Cema Special Mkts S21-17404CD 1993 Canada Cema Special Mkts S21-56924CD 1994 Canada RCA Victor 09026-62508-2CD 1994 Germany BMG 74321-19802-2CD 1994 U S A Curb D2-77673 3'01CD 1994 U S A RCA Victor 09026-62508-2..


What happens if your title company neglect to record a CEMA even though they took the recording fee and now you cannot refinance without paying mortgage tax?

You should consult an attorney, but it sounds like the title company was negligent. You should demand they compensate you for it and if they don't, take them to small claims court (or higher level court depending on the amount allowed in your jurisdiction). A CEMA mortgage is a very specific mortgage document. Was the original mortgage a CEMA mortgage and do you have an Owner's Policy issued by the title agency for that transaction? I am assuming you used an attorney for your closing, so consult that attorney as to what can be done, since you PAID that attorney for legal advise in the transaction. If the title agency collected a recording fee and did not use it to record a document (ANY document) that is a RESPA violation which can have very serious consequences for the title agency. I would go to their UNDERWRITER with the complaint and see what happens from there. Typically the Underwriter will consult with their Agents so that claims are not filed. They may be able to compel them to perform accordingly. If you had an Owner's Policy issued in the transaction, I'd immediately file a claim. If this was on a refinance transaction, you need to make sure that a CEMA mortgage was used by the lender. In either case, you are entitled to remedy of the situation.


What actors and actresses appeared in Las cruces poblado proximo - 2006?

The cast of Las cruces poblado proximo - 2006 includes: Miguel Antonio Hernandez as Patojo Miriam Arenas as Delfina Giacomo Buonafina as Comandante Camilo Raymund Coy as Don Cema Daneri Gudiel as Javier Herbert Ignacio as Don Simon Jeniffer Soto as Maria


What has the author Louvan E Nolting written?

Louvan E. Nolting has written: 'The Soviet view on the state of technological innovation in the U.S.S.R' -- subject(s): Technological innovations 'Integration of science and technology in CEMA' -- subject(s): Council for Mutual Economic Assistance, International cooperation, Research, Science and state, Technological innovations, Technology and state 'Sources of financing the stages of the research, development, and innovation cycle in the U.S.S.R' -- subject(s): Engineering, Finance, Research, Technological innovations


What has the author Egon Neuberger written?

Egon Neuberger has written: 'International division of labor in CEMA' -- subject(s): Council for Mutual Economic Assistance, Division of labor, Industries 'The USSR and the West as markets for primary products' 'Comparative economic systems' -- subject(s): Comparative economics, Decision making 'The foreign trade practices of centrally planned economies and their effects on U.S. international competitiveness' -- subject(s): Commerce, Commercial policy, Competition 'Waiting and the period of production' -- subject(s): Interest and usury 'The Yugoslav visible hand system: why is it no more?' -- subject(s): Economic policy, Industrial policy


What actors and actresses appeared in Top Secret - 1994?

The cast of Top Secret - 1994 includes: Patricio Achurra as Arturo Rey Tamara Acosta as Amparo Mena Vidal Pilar Brescia as Mariana Vidal de Mena Sandra Burmeister as Alicia Mandujano Sebastian Dahm as Marcelo Logrono Carlos Embry as Fito Pelaez Armando Fenoglio as Padre Norberto Francesca Franzese as Betty Contardo Andrea Freund as Macarena Mena Vidal Humberto Gallardo as Pedro Orietta Grendi Catalina Guerra as Carolina Mena Cecilia Hidalgo as Nilda Carrasco Pilar Luders as Beatriz Carmen Luz Figueroa as Delfina Pablo Macaya as Borja Castello Teresa Munchmeyer as Cata Fabrizia Polanco as Isolina Francisca Reiss as Sandra Coca Rudolphy as Lourdes Willy Semler as Vicente Palacios Cristina Tocco as Gianinna Cema Sergio Urrutia Eliana Vidal as Mercedes Ruiz Violeta Vidaurre as Ramona Khon Felipe Viel as Lalo Samuel Villarroel as Roque Olivares Tito Villegas as Marcelo Logrono Sonia Viveros as Olga Viuda de Mena


People also asked