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FORECLOSURE RESCUE


View "Avoid Foreclosure: Know Your Options" video brought to you by Making Home Affordable on YouTube Channel.
View more videos about homeowners who may be in a similar situation as you. Hear how they were able to resolve the issues they were having with their mortgage and got help to avoid foreclosure. Also watch videos of housing counselors and hear the advice they can give to homeowners just like you brought to you by Know Your Options / Fannie Mae.

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.


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...

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.

Search For Homes and Foreclosures

Estate Owned (REO) homes, Pre-Foreclosures, Foreclosures and H.U.D. Homes! To search foreclosure on the location map click here.

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.

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.

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.

Vienna, Oakton, McLean, Tyson's Corner Homes for Sale
Luxury Homes for Sale in the Washington D.C. Metropolitan Area: VA, MD and DC
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!

Once in a while an opportunity like this comes along Single Family House at walking distance to Dunn Loring Metro Station, Dunn Loring, VA!
$725,999 5 BR, 4.5 BA Close to Tyson Corner, Rt 7 & I495. Sunny Open-Floor-Plan Colonial style with private back yard. Fully finished basement with a rec. room and plenty of space for office or extra room.

School Reports | Community Reports | Schools and Counties Links | Resources

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Top News

CNN Money:

Top-earning towns 2010
Ranked #1. Bethesda, MD
Bethesda, MD, residents pull in more than $170,000 a year. Which other places in our Best Places database have high incomes? Population: 56,763
Median family income (per year): $172,541
Median home price: $725,000
here's a party for every season in this commuter town: Enjoy concerts and ice sculpting in the winter and Taste of Bethesda in October; schmooze with Pulitzer Prize winning authors at April's literary festival; and enjoy the strains of delta blues, soul and swing in the summer. Year-round a dozen art galleries and hundreds of diverse restaurants woo suburbanites away from cul-de-sac comforts for days and nights downtown. An abundance of home fashion stores and graduate degrees (one in two residents has one) sets a swanky tone for this small community with big city style. read more...

Ranked #9. Burke, VA
Population: 54,974
Median family income (per year): $127,036
Median home price: $335,000
This upscale community is a haven for government officials and federal contractors seeking a break from the capitol. But it also attracts residents who work for local businesses in nearby Arlington. The living is easy in this town, which puts shopping, pools, sports fields and footpaths within convenient reach. The prototypical suburb, it boasts great schools, high-end shops and well-tended footpaths. Burke Centre Conservancy, a 1,700-acre planned residential community with 5 neighborhoods, pools and community centers is at the heart of it all. read more...  and view Saab YouTube Channel

Ranked # 16. Reston, VA
Population: 58,718
Median family income (per year): $122,212
Median home price: $268,000Neither a town nor a city, this unincorporated community has forged its identity since the mid-1960s when it first began wooing residents to its open air and neighborhood amenities. Today it still stands apart with a special approach to governance. The Reston Association, a community service organization overseen by elected community members, maintains the high quality of life locals expect. Environmental excellence has long been its claim to fame, but it pushed that distinction to new heights with the opening of Nature House, a LEED Gold certified year-round environmental education center. read more...

Best Places to Live in 2010 : Top 100 - full list Ranked 25. Gaithersburg, MD
Top 100 rank: 25
Population: 59,000
Compare Gaithersburg to Top 10 Best Places
Gaithersburg's ability to attract start-up companies has allowed it to rebound from the recession better than many other places. The town offers plenty of incubator-styled office space. Large employers nearby include Northrop Grumman and Lockheed Martin. Gaithersburg is just an hour's train ride to D.C. and hour car ride to downtown Baltimore, so residents can work in either town - and soak up the culture of both. --Najib Aminy read more...

Ranked #30. Centreville, VA
Population: 54,000
Compare Centreville to Top 10 Best Places
This historic town (it has some Civil War sites) is a close-knit suburban community with a great location. Washington, D.C., is anywhere from 40 minutes to an hour and a half away, depending on traffic. Centerville is also 20 minutes from Herndon, Tysons Corner, and Reston. With major shopping centers nearby and the Bull Run Mountains an hour's drive away, Centerville lives up to its name. --N.A. read more...

Ranked #47. Alexandria, VA
op 100 rank: 47
Population: 145,000
Compare Alexandria to Top 10 Best Places
On the banks of the Potomac River, Alexandria offers a fusion of suburban and urban living that's just a stone's throw from the nation's capitol. A strong government presence and a prosperous retail sector supports the local economy; many boutiques and locally owned stores lend a small-town vibe. The annual Festival of the Arts attracts nationally known artists. --N.A. read more...

CNN Money: Best Places to Live in 2010. Full list.

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Address: 117 Norwood Pl., Sterling, VA 20164 | Ph: 703.404.4877 | Fax: 703.404.3888
Listing data provided by Metropolitan Regional Information Systems as of Friday, May 18, 2012
Listing content comes from various brokers participating in IDX.
All information is deemed reliable but not guaranteed, and should be independently verified.
Copyright2008 SAAB, REALTORS. All rights reserved. Portions Copyright2008 Metropolitan Regional Information Systems, Inc. All rights reserved.