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SEARCH FOR BANK OWNED HOMES/FORECLOSURES
Priced Below Market Value! Make HUGE Real Estate Investing Profits buying Bank/Real
Estate Owned (REO) homes, Pre-Foreclosures, Foreclosures and H.U.D. Homes!
To search foreclosure on the location map click here.
HOMEBUYER TAX CREDIT SUMMARY
NAR Issue Brief Homebuyer Tax Credit, National Association of REALTORS® Government Affairs Division.
U.S. Senator Patty Murray at
www.murray.senate.gov
IRS.gov Updated Nov. 17, 2009, to add more information on the new legislation
Vital Information for First-Time Buyers.
Watch this
short video brought to you by NAHB about How The Tax Credit Works.
Just Reduced! 4BR, 3 FBA home in Centreville, VA
$299,999 -- Just remodeled 3 BR, 3.5 FBA End Unit! Brand new Brazilian cherry hardwood floors on main level,
new ceramic tile in kitchen and bathrooms, new carpet on upper and lower levels, granite countertops in kitchen,
fresh paint throughout. Lower level has wet bar and fireplace. Owner is a REALTOR.
click here
FORECLOSURE RESCUE
Are you falling behind on your mortgage payments?
Do you have a few mortgages and negative equity?
Need to sell your home and WALK AWAY DEBT FREE?
At SAAB we can take care of that with the SHORT SALE. My
REO Team and I are effective Short Sale negotiators, because we use our established
relationships with numerous banks to solve your situation. In 2008 we have helped
banks to sell over 400 distressed/foreclosed properties in our service area. Let SAAB
REO Team to pull you out of the difficult position you are in. Just give our
SHORT SALE HOTLINE a call at 703.288.4877 to find out about your
options. Click here
to learn more...
Home Affordable Foreclosure Alternatives Program (HAFA)
The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. To qualify under these new guidelines:
* The property must be the home owner’s principal residence.
* The home owner must be delinquent on the mortgage or close to defaulting.
* The loan must have been made before Jan. 1, 2009, and be for less than $729,750.
* The borrowers’ total monthly mortgage payment must exceed 31 percent of their before-tax income.
Under the plan, borrowers will receive $1,500 from the government for selling homes for less than the amount of their mortgages. Mortgage-servicing companies will get $1,000 for each completed short sale.
Second-mortgage holders can receive up to $3,000 of the sales proceeds in exchange for releasing their liens.
Investors who hold the first mortgage can collect up to $1,000 from the government for allowing the payments.
Borrowers who complete a short sale under the program must be "fully released" from future liability for the debt, according to the guidelines.
Press Releases from MakingHomeAffordable.gov
Read New Articlies here
Servicer Performance Report through October 2009
The Nation's Housing. In trouble and thinking about a short sale? Help is on the way:
If you're in trouble on your mortgage and can't get a loan modification, check out the Obama administration's new standardized short-sale plan that's scheduled to roll out during the next several months...
Government unveils new short-sale rules:
The
Treasury Department unveiled sweeping rules this
week to help financially troubled homeowners who
need to sell but can't get a price high enough to
pay off their mortgages. Homeowners will even get
$1,500 to help cover their moving costs. The plan is
designed to help homeowners who don't have the
income or debt levels to qualify for a loan
modification under the Obama administration's $75
billion Making Home Affordable program...
Search Recent Home Sales In Your Neighborhood.
Instantly View Recent Home Sales in the Washington D.C. Metropolitan Area - Virginia, District Columbia and Maryland!
Find out what homes in the area are selling for with this great tool.
Click here to view a report of recent homes sales in the neighborhood and to find out your home's value instantly - it's that easy!
Click here for a complimentary market analysis of your home.
Get to know your communities!
Buying a home is about matching your desires and needs with available properties.
But it's also about matching your lifestyle with the community you would like to
live in. The community in which your home would be located is a very important part
of your purchase decision. It's always a good idea to learn something about the
community before you purchase a home in it. The information available through our
partner-web sites Fairfax County Short Sale and
SAAB Homes is designed to help you get to know the communities SAAB Team service.
Vienna, Oakton, McLean, Tyson's Corner Homes for Sale
Luxury Homes for Sale in the Washington D.C. Metropolitan Area: VA, MD and DC
Bank Owned Gorgeous Colonial in Sterling, VA
$502,000 featuring 4bedrooms and 3.5 bathrooms in great Cascades area of Loudoun County. Seller will credit buyer up to a Maximum 3% of sales price towards closing
costs if negotiated in final counter offer. For special financing and Incentives. Lowes Island.
Click here for more details.
$250,000 --
Bank Owned Town house in Gaithersburg, MD with walk-out basement has 3 bedroom,
3.5 bathrooms.
For more details click here.
SAAB, REALTORS ® located in the heart of Tyson's Corner, Vienna VA. We service the entire
Washington, D.C. Metropolitan Area and specialize in Vienna - Oakton - McLean Real Estate. Tysons Corner is a census-designated place (CDP) in Fairfax County, Virginia. Located in the
heart of Northern Virginia, Tysons Corner lies between the community of McLean and the town of
Vienna along the Capital Beltway (I-495). The population was 18,540 as of the 2000 census.
It is the nation's 12th largest business district.
The area is home to Tysons Corner Center – the largest shopping mall in the state and in the
Baltimore-Washington area – and to upscale malls Tysons Galleria and Fairfax Square,
which neighbor it to the north and south. Every weekday, Tysons Corner draws 55,000 shoppers
from around the region. In comparison, Washington, D.C. draws 15 million visitors annually,
or the equivalent of 62,500 per weekday more...
Tysons Corner has 46 million square feet (4.3 million m²) of office and retail space, making
it an important business district in its own right and the classic example of an edge city.
Notable companies in the area typically use McLean or Vienna addresses rather than Tysons Corner.
Tysons Corner is the opposite of a bedroom community, with a daytime population greater than
100,000 and a nighttime population of less than 20,000. Local urban planners envision up to 200,000 jobs and 100,000 residents in coming decades.
To find out more about Fairfax County and it's cities visit our partner web site.
For more information follow links:
Fairfax County Homes For Sale |
School Information |
Community Reports
SAAB, REALTORS ® made a commitment to serve the real estate needs of our community - one family
and one home at a time. Our real estate knowledge and expertise are completely dedicated to you.
Whether you're looking to buy or sell, we can get your home sold, or find you the home you've
been dreaming of. Either way, our goal is to make your experience comfortable, guided, fast,
and efficient. BUY OR SELL YOUR HOME IN VIENNA-OAKTON-MCLEAN, VA WITH SAAB!
Visit SAAB, REALTORS® channels on
Housing Market Trends - Washington Metro Home Prices and Home Values
The Washington area's housing market showed signs of recovery in the second quarter with home sales up. Learn more about the Mid-Atlantic real estate market with this video commentary created
MRIS Trends in Housing Report:
The State of the Regions Housing Market / Mid-Year 2009
Top News
FHA plans to require borrowers to produce more cash for down payments
By Dina ElBoghdady
Washington Post Staff Writer
Wednesday, January 20, 2010
The Federal Housing Administration plans to increase the amount of up-front cash paid by all new borrowers and to require higher down payments from those with the poorest credit, according to agency officials.
These policy changes, scheduled to be announced on Wednesday, are part of the agency's effort to beef up its ailing finances, which have been eroded by rising defaults in its increasingly popular flagship mortgage insurance program. The FHA currently backs about 30 percent of all loans for home purchases and 20 percent of refinanced loans...
IRS should regulate all tax-return preparers
By Michelle Singletary
Sunday, January 10, 2010
Maybe it's just me, but when I see the word "all," I assume it means all-inclusive.
Recently, the Internal Revenue Service announced a major initiative to bring greater scrutiny to the tax-preparation industry. IRS Commissioner Doug Shulman wants paid tax preparers to be tested for competency and required to take continuing-education courses.
SAAB, REALTORS® Video Newsletter
More Articles: "Move-Down Buyers Can Be Eligible For Tax Credit Too";
"Real Estate Resolutions 2010";
"How to Save to Buy a Home";
"2010 and Rebuilding or Protecting Your Credit Score";
"Real Estate Investors Returning to Market"
click here to view and subscribe
To view more news Selected by SAAB, REALTORS®
click here.
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The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
If you owe a debt to someone else and they cancel or forgive that debt, the canceled amount may be taxable.
The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief.
This provision applies to debt forgiven in calendar years 2007 through 2012. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately). The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.
More information, including detailed examples can be found in Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments. Also see IRS news release IR-2008-17.
more...
Obama Administration Announces New Details on Making Home Affordable Program
Parallel Second Lien Program to Help Homeowners Achieve Greater Affordability. About Making Home Affordable.
Click here for more information on the Treasury Department's plan to streamline the short-sale process.
For more Breaking News visit Foreclosure Rescue section of our web site.
Government Will Provide Financial Incentives to Encourage Short Sales
Wednesday, December 02, 2009
Written by: Jon Prior,
HousingWire.com
The US Treasury Department has announced plans to launch a foreclosure program aimed at encouraging
borrowers, servicers and investors, to pursue short sales. Scheduled to launch in April 2010, the Home
Affordable Foreclosure Alternatives Program (HAFA) will offer up to $3,500 in incentive payments to
qualified borrowers, servicers and investors who complete short sale transactions for properties with loans on the verge of foreclosure.
Making Home Affordable' Updates
This site provides mortgage servicers with the information and tools needed to participate in the
Obama Administration's Home Affordable Modification
program (HAMP) and other program updates related to
the Making Home Affordable (MHA) Program.
December 2, 2009
HAMP Update - Q4 2009 Base NPV Model Documentation
Supplement Now Available
Short Sale Incentives Coming in 2010,
Treasury Says
By JON PRIOR
December 1, 2009 10:38 AM CST
As HousingWire first reported, the US Treasury
Department will launch the Home Affordable
Foreclosure Alternatives Program (HAFA) in 2010.
Guidelines Aim to Ease Short Sales
By RUTH SIMON , Wall Street Journal
December 1, 2009
The Obama administration laid out final guidelines
on Monday that should make it easier for some
financially troubled borrowers to sell their homes.
Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure
Making Home Affordable
November 30, 2009
Help for America's Home Owners
Supplemental Directive 09-09
HAMP Update – New Program Offers Borrowers Foreclosure Alternatives
Making Home Affordable
November 30, 2009
Help for America's Homeowners
Supplemental Directive 09-09: Introduction of Home
Affordable Foreclosure Alternatives – Short Sale and
Deed-in-Lieu of Foreclosure was published
First-Time Home Buyer Tax Credit
Tax Credit Provides Outstanding Opportunity for Home Buyers
A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence.
Video Interview: Tax Economist Answers Questions About the Home Buyer Credit Rob
Dietz, Ph.D., director of tax issues for the National Association of Home Builders,
discusses the $8,000 first-time home buyer tax credit in this videotaped interview,
for more information click here
Senate votes to renew tax credit for first-time home buyers Provision for $8,000 refund part of bill to extend jobless aid
By Dina El Boghdady
Washington Post Staff Writer
Thursday, November 5, 2009
The Senate voted Wednesday to renew the government's $8,000 tax credit for
first-time home buyers through the first six months of next year as part of a
broader bill designed to extend unemployment benefits. For the first time, the
tax credit program would also enable many homeowners who buy a new primary
residence to receive a $6,500 refund...
Click here for more news
Home Buyer Resources
Buying a home can be complicated, but fortunately a lot of expert advice is available
to help people navigate the experience. These online resources can help make the
process smoother.
5 common buyer mistakes in a short sale
1. Ignoring property problems.
2. Skipping the home inspection.
3. Ignoring legal and insurance information.
4. Leaving too little time for closing.
5. Falling hard for a bad home.
Click here to read the article.
First-Time
Home Buyer Tax Credit information from the IRS.
State Housing Agencies
with programs that provide short-term loans that may be used to fund a down payment
in conjunction with the tax credit.
Buying and Owning a Home Freddie Mac
Buying a Home
Department of Housing and Urban Development
The Home Buying Process Federal Housing Administration
FHA Loans Federal
Housing Administration
Homeownership
Resources Fannie Mae
Home Loan
Learning Center Mortgage Bankers Association
Move.com NAHB's official new
homes listing site
Home Loan Guaranty Services
Dept. of Veterans Affairs
State and Local
Home Buyer Assistance Programs
Housing Publications from the Federal Citizen Information
Center Most in PDF format
Consumer
Information from NAHB NAHB.org
Mortgage information from the Fed Federal Reserve Board
Home Financing Information from the FTC Federal Trade Commission
Making Home Affordable
Foreclosure prevention.
Serving The Washington DC Metropolitan Area
School Reports
Community Reports
Schools and Counties Links
Resources

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Address: 2070 Chain Bridge Rd., Suite G3, Vienna, VA 22182 | Ph: 703.288.4877 | Toll Free: 888.760.SAAB | Fax: 703.848.3888
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Listing data provided by Metropolitan Regional Information Systems as of Wednesday, March 10, 2010
Listing content comes from various brokers participating in IDX.
All information is deemed reliable but not guaranteed, and should be independently
verified.
Copyright�2008 SAAB, REALTORS�. All rights reserved. Portions
Copyright�2008 Metropolitan Regional Information Systems, Inc. All rights
reserved.
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