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RE/MAX Allegiance

4157 Chain Bridge Road

Fairfax, VA 22030

http://www.BengelBlog.com

New This Week

Short Sales Get Shorter: New Deadlines to go into Effect

As part of a settlement with state attorneys general, the five largest mortgage

servicers are adopting new requirements for short sales, which is expected to speed

-up what has been known as a lengthy process.

Here are some of the new requirements for servicers under the settlement:

- Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request.

- Servicers will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process

the short sale request.

- Servicers must notify a borrower immediately if a deficiency payment is needed to approve the short sale. They also

must provide an estimated amount for the deficiency payment needed for the short sale.

- Servicers are also required to form an internal group to review all short sale requests.

Banks will be considered in violation of the settlement requirements if they take longer than 30 days on more than 10

percent of the short sale requests. Violations can carry fines of up to $1 million and $5 million for repeat offenses.

"If a real estate broker can get a checklist from the bank detailing what documentation is needed, everything can be

provided up front, and the bank will be required to give a thumbs-up or a thumbs-down within 30 days,” short sale

specialist Chris Hanson with the Hanson Law Firm told HousingWire. “That's not a bad deal.”

Source: “AG Settlement Starts the Clock on Short Sales,” HousingWire (March 14, 2012) via realtor.org.

Sophos Update

Sophos anti-virus protection was procured and provided as a free service to all Associates beginning in 2005. Since

then, the most of the major cable Internet service providers now offer free anti-virus protection with their subscriptions,

which are far superior to Sophos.

For the few of you still using Sophos, beginning April 1, the program will no longer provide updates to your computer.

Sophos will, however, still operate and will be able to detect any issues but will no longer detect any new threats or

viruses.

Below are links to all three major cable Internet service providers. Also below, we have provided two other links to free

anti-virus protection software.

1. Verizon -

http://www22.verizon.com/Support/Residential/Internet/fiosinternet/general+support/security/questionsone/85302.htm

($6/mo)

2. Cox - http://ww2.cox.com/residential/northernvirginia/internet/cox-security-suite.cox?campcode=goog_internet

Charlie Bengel, Jr.

Chief Executive Officer

703-824-4199

(Voicemail)

CONTACT BY EMAIL

(Free)

3. Comcast - http://xfinity.comcast.net/constantguard/ (Free)

4. Avast - http://www.avast.com/free-antivirus-download (Free)

5. Avira - http://www.avira.com/en/avira-free-antivirus (Free)

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Allegiance Savings Account

Next year's R4 convention at the MGM Grand in Las Vegas will mark the 40th anniversary and is sure to be special. Plan

to join us and start saving for the trip today! Allegiance will match 10% of whatever you elect to save, up to $200, in

your savings account. See your VP of Associate Services to get set up.

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Tom Ferry Coaching Call

Next call is Monday the 2nd at Noon:

The call in number is 832-225-5213 and the passcode is 11283.

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Got Feedback?

Have an idea, comment, compliment or complaint? We want to hear from you. Click here to visit the Allegiance

Feedback Box:

www.AllegianceFeedback.com

Kudos Corner

Congratulations to the following additional Associates who have already achieved Executive

or 100% Club this year!

Executive

Rod Bowden, Fredericksburg

Pat Butler, Burke

Heather Carlson, Franconia

Kim Chamberlain, Dale City

Pat Fales, Burke

Linda Fox-Jarvis, Virginia Beach

Jesse Hagopian, Capitol Hill

Bob Hotaling, Leesburg Pike

Carol Howell, Georgetown

Linda Hughes, Georgetown

Ellen Levy, Georgetown

Jennifer Meyers, Capitol Hill

Michael Miller, Virginia Beach

Chrissy O'Donnell, Arlington

Casey O'Neal, Leesburg Pike

Keri O'Sullivan, Arlington

Michael Payne, Lake Ridge

Kelvin Reaves, Capitol Hill

Judy Reed, Virginia Beach

Rex Reiley, Franconia

Marguerite Rowland, Burke

Sherry Elphick, Franconia

Meg Shapiro, Capitol Hill

Jake Sullivan, McLean

Nate Tate, Capitol Hill

Steve Thoman, McLean

David Thomas, Capitol Hill

Mary Thyfault Clark, Fairfax

Jackie Von Schlegel, Capitol Hill

Debbie Wicker, Ashburn

100%

Irina Babb, Leesburg Pike

Kim Barber, Fairfax

Tom Buerger, Georgetown

Will Carder, Virginia Beach

Patrick Carosi, Leesburg Pike

Karla Cornwell, Reston

Alan Dalton, Capitol Hill

Jeff Ferlazzo, Dale City

Ray Gernhart, Leesburg Pike

James Nellis, Burke

Alex Nova, Virginia Beach

Frank Prindle, Old Town

Ron Sawyer, Chesapeake

George Torres, Leesburg Pike

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Preferred Vendor of the Week: Radon Abatement Services

Radon Abatement Services is a full-service, commercial & residential radon mitigation firm

that has been serving the greater DC area since 1998. We have performed more than 6,000

successful radon mitigations in DC, Maryland and Virginia. We pride ourselves on doing

better work and providing better, more responsive service than any of our competitors.

Radon Abatement Services is certified by both the National Environmental Health

Association (NEHA) and the National Radon Safety Board (NRSB).

Phone: (202) 213-6200

Email: info@radonrepair.com

Website: www.radonrepair.com

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Transactions

Last Week: 98

Month to Date: 362

Year to Date: 1171

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Corny Joke of the Week

Q. Why did Beethoven get rid of his chickens?

A. Because they kept saying Bach, Bach, Bach!

Have kudos to share? Email me at CharlesBengel@remax.net.

Upcoming Education & Social Events

4/4/2012 9:30:00 am

Hampton Roads and Richmond Awards Breakfast & Ceremony

Chesapeake Marriott

4/5/2012 9:30:00 am

Hampton Roads Business Meeting

REIN

4/5/2012 10:00:00 am

Social Media - Get Connected

Franconia Education Center

Instructor: Nancy Alert

4/11/2012 10:00:00 am

SURVIVOR: The Real Estate Edition

Burke Education Center

Instructor: Brian Block

4/12/2012 9:00:00 am

Rental Listings Done Right

Franconia Education Center

Instructor: Kim Barber and Cindy Bishop

4/12/2012 10:00:00 am

REALTOR, MD: Keeping a transaction alive at all costs (and when to pull the plug)

Burke Education Center

Instructor: Phil Bolin

4/12/2012 4:00:00 pm

Annapolis Happy Hour

Metropolitan Kitchen and Lounge

Contact: Logan Rush

4/13/2012 10:00:00 AM

Roundtable Discussion

Franconia Education Center

Instructor: Phil Bolin

Register for most classes at www.rmxallegiance.com. See your VP for Associate Services

should you have a question about any event or service.

Got feedback? Send it to us here: AllegianceFeedback.com

RE/MAX Allegiance is Independently Owned and Operated, headquartered in Fairfax, VA and licensed in VA, MD, DC and NC. Charlie Bengel, Jr. is licensed to practice real estate in Virginia.

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