| Program 3648 is BGS3’s nationwide campaign to | | | | |
| certify qualified real estate professionals to assist | | | | Kenn Lewis, Co-founder of BGS3 and Program 3648, |
| homeowners facing a potential foreclosure. Program | | | | states, ``While much has been said in the media to |
| 3648 was announced on January 29, 2008 by Chief | | | | further educate the public about their options when |
| Administer John W. Davis, stating, ``President Bush has | | | | facing foreclosure, the vast majority of individuals in this |
| provided a much needed solution to the national | | | | situation simply don't know where to start. Program |
| foreclosure problem in signing H.R. 3648 -- The | | | | 3648 was enacted to handle the processing for |
| Mortgage Forgiveness Debt Relief Act of 2007, but | | | | qualified homeowners to either keep their home or go |
| the sub-prime mortgage problem continues to affect | | | | through a short sale. |
| most markets nationwide. The critical next step is | | | | BGS3 understands that homeowners facing |
| locating and certifying a ground army of concerned | | | | foreclosure are usually very concerned about their |
| professionals who can reach out to the multitude of | | | | credit, and will sometimes not seek out help because |
| homeowners who desperately need relief.” | | | | they think it will cost too much. Lewis addresses this |
| | | | | issue. |
| There has been a substantial increase in numbers of | | | | |
| families affected by adjusting interest rates on | | | | “There is no cost for the program, and the |
| sub-prime mortgages. Subsequently, foreclosure rates | | | | homeowner never needs to worry about future billing. |
| continue to rise. Program 3648 Certified | | | | With caring, well-educated, experienced professionals |
| Representatives have been working to educate | | | | administering the program on a national scale, our |
| homeowners and their families on their rights and | | | | mission is to help thousands of homeowners avoid |
| options. | | | | foreclosure. |