Donna Clayton, Broker, MBA
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  • Springfield, NJ
  • United States
  • NJ
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FHA PFS Eligibility of Multi-Family Home

Started Sep 21, 2012 0 Replies

My client owns a 2 family home which has served as his primary residence since he originally purchased the property.  Until recently a tenant occupied the second unit.  Five months after initially…Continue

Tags: multifamily, fha, decline, metlife

BofA Co-op -- Allowable Fees to Attorney

Started this discussion. Last reply by Joseph Alfe Jul 19, 2012. 8 Replies

I am working on a Bank of America co-op short sale (Fannie Mae) where the negotiator states that the maximum allowable settlement fee to the attorney is $750.00.  Has anyone else faced this same…Continue

Certificate of Occupancy - Allowable closing cost paid by lender?

Started this discussion. Last reply by Jeff Payne Aug 25, 2011. 1 Reply

Has anyone had a lender pay for the CO? Continue

New ATP possible for same borrower, same property?

Started this discussion. Last reply by Tom Braunagel Feb 12, 2013. 4 Replies

Has anyone been able to secure a 2nd ATP under FHA's PFS ;program?  Our original ATP expired, and a Wells Fargo agent advised me to have the borrower apply for a new ATP.  If this can be done, it…Continue


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Broker Sales Associate
Union & Essex Counties - NJ

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What if offer is higher than HAFA Approval amount?

Posted on May 2, 2011 at 5:38pm 1 Comment

I received a HAFA Program Approval for my client today.  We already submitted an offer for more than the amount requested in the HAFA approval.  Will the fact that the offer is higher than HAFA's requested amount have any impact on the approval?

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