BGS3 - A Big Win-Win for the Housing Crisis

Federal Reserve Chairman Ben Bernanke recently told bankers that more than 1.5 million subprime mortgages are due to reset soon, saying, “The situation calls for a vigorous response.” In addition to the much-publicized effect this has on American families, banks are facing a daunting amount of potential liability, even if only a fraction of these loans default. Citibank alone is potentially on the hook for nearly $90 billion.

BGS3 uses a comprehensive short sale system and a fully-tested business model that proactively answers the call for a “vigorous response”. BGS3 makes the complex short sale process easy and efficient for agents, banks, homebuyers, and homeowners, while it simultaneously draws all parties together into a proprietary-paperless environment. BGS3 provides all the expert training needed for professionals, including an entire online library of instruction modules. These BGS3 experts are then equipped to find individuals affected by foreclosure, coordinate all the people and entities involved, and efficiently implement the short sale solution.

Realtors who sign up for BGS3’s services also receive hundreds of exclusive, non-public, and highly targeted short sale leads to facilitate this process and, as a result, generate more closings. Homeowners across the country give their information to BGS3 through a variety of websites that offer them help. Through leveraging these leads, in conjunction with BGS3’s finely tuned marketing letter, a Realtor can expect a 5%-10% response rate from homeowners - a big improvement from the typical response rate for direct mail, which is generally around 1%.

On July 31, 2008, Freddie Mac, the second largest mortgage investor in the U.S., announced that it will now pay $2,200 to servicers for each short sale facilitated on mortgages it owns or backs. This financial incentive offered for short sales is 300% more than the amount offered for any other foreclosure workout solution. Ingrid Beckles, Freddie Mac Vice President of Servicing and Asset Management, stated, "We are taking these steps because we want to reinforce the tremendous importance of workouts and reward their use. Giving our servicers…greater compensation to help troubled borrowers is fundamental…to minimize foreclosures." BGS3 offers a unique-customized technology hub through which everyone involved in a short sale can communicate effectively and fulfill the process to closing, ultimately preventing the foreclosure. BGS3’s portal provides all necessary paperwork in one convenient, online location, thereby ridding the process of time consuming elements. From start to finish, BGS3 streamlines the short sale process through BGS3's consolidated and efficient system that is propped up by BGS3's comprehensive technology.

The short sale process is very complex, and because of BGS3’s online-paperless system, BGS3 can process more files than any other company. There are myriad companies with websites that advertise short sale leads or tutorials, but none have the all-in-one system that makes BGS3 a unique entity in this important market.

BGS3 provides all marketing, training, and support for the process of these short sales. Everyone in BGS3's system benefits without causing a direct detriment to anyone else in BGS3's system. The homeowner is saved from foreclosure, the banks significantly mitigate their losses, the Realtor earns a commission, the economy gains from the sale, and the housing market improves by getting rid of surplus inventory. Most importantly, BGS3’s unique system has been meticulously designed to offer all services totally free for the distressed homeowner, even when BGS3 successfully saves them. All BGS3’s fees are paid by Realtors, banks, and homebuyers. This alone immeasurably sets BGS3 apart from any competitors and breeds credibility with homeowners, media sources, and the general public.

VIDEO: http://www.bgs3.com/realtors.html