CEMA COSTS AND PROCEDURES Bank of America: Upfront fee of $150.00 attorney fee (total attorney fee of $425.00) ; Upfront $700.00 BANK CHECK to Bank of America, N.A.; Borrower authorization required; Turnaround time 6 to 8 weeks from application; Need Mortgage Schedule. Capital One, N.A.: Upfront fee of $1,000.00 payable to Capital One, N.A.; Borrower Authorization required; Turnaround time 2 to 3 weeks from receipt of all items including Title Report. CitiMortgage, Inc.: At funding $650.00 is added to payoff; Borrower authorization required; Turnaround time 4 to 6 weeks from application; Need Mortgage Schedule. HSBC Mortgage Corp.: Does NOT assign their loans (as of 01/2009). JPMorgan Chase Bank, N.A.: At Funding $500.00 is added to payoff; Borrower authorization required; Turnaround time 4 to 6 weeks from application; Need Mortgage Schedule. OCWEN (formally GMAC Mortgage): Upfront fee of $600.00 BANK CHECK payable to OCWEN; Turnaround time 6 to 8 weeks from receipt of check; Need Mortgage Schedule. PNC Bank: Does NOT assign their loans (as of 10/2012). TDBank, NA: Upfront fee of $200.00 BANK CHECK to TD Bank, N.A. and upfront fee of $200.00 BANK CHECK payable to Romer Debbas LLP (the attorneys) then $500.00 balance check to attorneys at funding; Need Borrower s authorization; Turnaround time 3 to 4 weeks; Need Mortgage Schedule. U.S. Bank: Need initial request to bank for approval of CEMA; Once approved need Upfront $250.00 BANK CHECK to U.S. Bank Home Mortgage; At funding $950.00 attorney fee; Borrower authorization required; Turnaround time 4 to 6 from original approval request; Need Mortgage Schedule. Wells Fargo Bank, N.A.: Upfront fee of $100.00 attorney fee (total attorney fee of $442.50); Upfront $750.00 BANK CHECK to Wells Fargo Bank, N.A.; Borrower authorization required; Turnaround time 4 to 6 weeks from application; Need Mortgage Schedule.
New York State Mortgage Tax Reference Albany Currently mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction. Allegany Currently mortgage tax is 1% with no deduction. Bronx Currently, mortgage tax is 2.05% with a $30 deduction If under $10,000.00, mortgage tax is 1.8% with no deduction. If over $500,000.00, mortgage tax is 2.175% with a $30 deduction. Broome. Cattaraugus Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction. Cayuga Currently, mortgage tax is 1% with a $25 deduction Chautauqua Currently, mortgage tax is 1.25% with no deduction If Under $10,000.00, mortgage tax is 1% with no deduction Chemung Currently, mortgage tax is.75% with no deduction. Chenango Currently, mortgage tax is.75% with no deduction Clinton Columbia Currently, mortgage tax is 1.125% with no deduction If under $10,000.00, mortgage tax is 1% with no deduction
Cortland Delaware Dutchess Currently, mortgage tax is 1.05% with a $30 deduction If under $10,000.00, mortgage tax is.8% with no deduction Erie Essex Currently, mortgage tax is 1% with a $25 deduction If under $10,000.00, mortgage tax is.75% with no deduction Currently, mortgage tax is 1.25% with no deduction If under, $10,000.00, mortgage tax is 1% with no deduction Franklin Fulton Genesee Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction Greene Currently, mortgage tax is.75% with no deduction Hamilton Herkimer Jefferson Currently, mortgage tax is.75% with no deduction
Kings Currently, mortgage tax is 2.05% with a $30 deduction If under $10,000.00, mortgage tax is 1.8% with no deduction If over $500,000.00, mortgage tax is 2.175% with a $30 deduction Lewis Currently, mortgage tax is 1% with no deduction Livingston Currently, mortgage tax is 1% with a $25 deduction Madison Currently, mortgage tax is.75% with no deduction Monroe Currently, mortgage tax is 1% with a $25 deduction If under $10,000.00 mortgage tax is.75% with no deduction Montgomery Currently, mortgage tax is.75% with no deduction Nassau Currently, mortgage tax is 1.05% with a $30 deduction If under $10,000.00, mortgage tax is.8% with no deduction New York Currently, mortgage tax is 2.05% with a $30 deduction If under $10,000.00, mortgage tax is 1.8% with no deduction If over $500,000.00, mortgage tax is 2.175% with a $30 deduction Niagara Currently, mortgage tax is 1% with a $25 deduction Oneida Onondaga Currently, mortgage tax is 1% with a $25 deduction Ontario Currently, mortgage tax is.75% with no deduction
Orange Currently, mortgage tax is 1.05% with a $25 deduction If under $10,000.00, mortgage tax is.8% with no deduction Orleans Oswego Currently, mortgage tax is 1% with a $25 deduction If under $10,000, mortgage tax is.75% Otsego Currently, mortgage tax is.75% with no deduction Putnam Currently, mortgage tax is 1.05% with a $25 credit If under $10,000.00, mortgage tax is.8% with no deduction Queens Currently, mortgage tax is 2.05% with a $30 deduction If under $10,000.00, mortgage tax is 1.8% with no deduction If over $500,000.00, mortgage tax is 2.175% with a $30 deduction Rensselaer Currently, mortgage tax is 1.25% with a $25 deduction If under $10,00.00, mortgage tax is 1% with no deduction Richmond Currently, mortgage tax is 2.05% with a $30 deduction If under $10,000.00, mortgage tax is 1.8% with no deduction If over $500,000.00, mortgage tax is 2.175% with a $30 deduction Rockland Currently, mortgage tax is 1.30% with a $30 deduction If under $10,000.00, mortgage tax is 1.05% with no deduction Saratoga Currently, mortgage tax is 1% with a $25 credit Schenectady Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction
Schoharie Schuyler Seneca St. Lawrence Currently, mortgage tax is.75% with no deduction Steuben Currently, mortgage tax is 1.25% with no deduction If under $10,000.00, mortgage tax is 1% with no deduction Suffolk Currently, mortgage tax is 1.05% with a $30 deduction If under $10,000.00, mortgage tax is.8% with no deduction Sullivan Tioga Currently, mortgage tax is.75% with no deduction Tompkins Currently, mortgage tax is.75% with no deduction Ulster Currently, mortgage tax is.75% with a $25 deduction Warren Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction Washington If under $10,000.00, mortgage tax is.75%
Wayne Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction Westchester Currently, mortgage tax is 1.30% with a $30 deduction If under $10,000.00, mortgage tax is 1.05% with no deduction Currently the mortgage tax in Yonkers is 1.8% with a $30 deduction If under $10,000.00, the mortgage tax is 1.55% with no deduction Wyoming Currently, mortgage tax is 1.25% with a $25 deduction If under $10,000.00, mortgage tax is 1% with no deduction Yates Currently, mortgage tax is 1% with no deduction If under $10,000.00, mortgage tax was.75% with no deduction