A CEMA (Consolidation, Extension, and Modification Agreement) lets the buyer assume and consolidate your existing mortgage with their new one, avoiding mortgage recording tax on the portion already recorded. This can save the buyer tens of thousands of dollars. Offering CEMA facilitation makes your listing more financially attractive than competitors and can be a powerful negotiation chip - particularly in price-sensitive transactions.
From the seller playbook: CEMA Strategy from the Seller Side
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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