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Ditto to Kent's comment. Some of these new regulations sound great on paper but whether it's implemented is something to be seen.
February 12
I have read the comments that you have received on this good subject. Good question. My thoughts, hopes and belief is that it will help. I believe that the program is set up to help and I am one of those that say "we can't call it" right now so why…
February 4
Thanks to all of you for your great replies and relevant points! I guess the old addage: "If it's too good to be true..." applies here!
February 3
Oh, and Katerina, I read the blog series and think your pretty dead on girl... Definitely a read for those who are not familiar with the program!
February 3
Stephanie, I agree with everyone else here... Sounds good on paper though, doesn't it?! Would love to see a program that actually works put into place, but with all of the "what ifs" don't know if we'll every get that... The government has great in…
February 3
It sounds good but I have a few concerns. It sounds like paying back property taxes will become the sellers responsibility since providing clear title is the seller's responsibility. Senior lien aren't mentioned at all. The other problem is that mos…
February 3
No, no and no again. You can read my series of analyzing the HAFA program on my blog.
February 3
Stephanie, From what I've read and heard, the HAFA guidelines sound like they are well-intentioned; but, my relatives came for the "show me" state of Missouri - and I'm a bit of a pragmatist myself - so....I'll believe it when I see it!
February 3
Stephanie, From what I've read and heard, the HAFA guidelines sound like they are well-intentioned; but, my relatives came for the "show me" state of Missouri - and I'm a bit of a pragmatist myself - so....I'll believe it when I see it!
February 3
This is getting very mixed reviews. NAR has a video on their site given impressions both good and bad. It does sound like a number of the banks have signed onto the program and are saying that they will be using it as the guidelines go into effect o…
February 3
Stephanie Hofman added a discussion to the group Bank of America Short Sales
Does anyone think that the new HAFA guidelines will be helpful in expediting short sales?
February 3
This group is for information, tips and solutions for Bank of America short sales.
February 3
Stephanie Hofman added a blog post
With 25% of Americans currently underwater on their mortgages, the new HAFA guidelines put forth by the Obama administration seem like a good way to stop the bleeding. Does anyone think this initiative can really work? I'd love to hear everyone's op…
February 3
Stephanie Hofman is now a member of Short Sale Superstars
February 1

Profile Information

First Name
Stephanie
Last Name
Hofman
State
Illinois
City
Highland Park
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I am a real estate agent with Coldwell Banker in Highland Park, IL.
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Stephanie Hofman's Blog

Stephanie Hofman

The Government's New HAFA Initiative

With 25% of Americans currently underwater on their mortgages, the new HAFA guidelines put forth by the Obama administration seem like a good way to stop the bleeding. Does anyone think this initiative can really work? I'd love to hear everyone's opinoins!

Posted on February 3, 2010 at 10:00am — 2 Comments

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