BGS3 is Fighting for Homeowners Facing Foreclosure

LOUISVILLE, Ky., Feb. 5, 2008 (PRIME NEWSWIRE) -- BGS3, the National Processing
Center for Short Sales, has garnered the help of real estate professionals who
are determined to do their part to proactively address the current real estate
inventory problems nationwide. Co-founder Kenneth S. Lewis states, "With the
sub-prime mortgage crisis creating record numbers of foreclosures and inventory
surplus problems in most real estate markets nationwide, a concerted effort has
been initiated to breathe life back into the housing market. After several
lackluster proposals regarding this historic real estate tumble, a model has
finally come forth that creates a win for all parties involved, even the
mortgage company. We've tried to take money out of the equation as much as
possible. There is a clear path for the economy to come back to life. We just
need more people willing to keep their hands out of the cookie jar. Economic
stimulus from the real estate sector must come soon."

It all starts with a win for the homeowner. At this point, the argument as to
whether the homeowner got in over their head, or their Loan Officer tried to
pull the wool over their eyes, is irrelevant. The landslide still exists and
somebody has got to clear the road. The homeowner behind on mortgage payments
can now more easily understand their rights and options. They can get free help
from the Certified Program Representative (CPR) for BGS3 to do a forbearance
plan or a loan modification to keep their home. Or, if they decide that a short
sale is in their best interest, the CPR who is a licensed real estate
professional can list their home at a price that it can actually sell regardless
of the loan balance, still at no cost to the homeowner. BGS3 then processes the
real estate short sale and negotiates the debt with the mortgage company for a
nominal processing fee, which the mortgage company gladly pays for the help in
clearing their books.

Co-founder Jeremy T. Bowman states, "The homeowner wins by stopping the public
foreclosure that can be more detrimental to their credit than a bankruptcy. The
mortgage company wins by either bringing the payments current, or in the case of
the short sale, getting rid of a property that they would have to add to their
portfolio of non-performing assets where the costs soar even higher. The
Certified Program Representative wins in the event that the mortgage company
will pay a commission for the home to be sold sooner than later. The economy
wins by the dramatic decrease in real estate inventory plaguing the market. Our
mission is to halt the foreclosure process for thousands of homeowners in the
oncoming weeks and months. With the big picture in mind, it was critical to be
able to claim a winner on every one of those fronts."

The BGS3 logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=4650

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CONTACT: BGS3
Kenneth S. Lewis, Co-founder
Office, 1.502.266.5530
1.800.915.1988
kenn@bgs3.com
www.bgs3.com