LOUISVILLE, Ky., July 30, 2008 (PRIME NEWSWIRE) -- BGS3 announced their strategic alliance with a real estate software development company to expedite short sales, a potential solution for homeowners facing foreclosure. BGS3's co-founder, Kenn Lewis, states, "Gross inefficiency in helping homeowners, on almost all fronts, is one of the biggest problems aggravating the foreclosure crisis right now."
To help mitigate the problem, BGS3 has formed a strategic alliance aimed at using technology to revolutionize the efficiency and effectiveness of the entire short-sale process. BGS3 has partnered with a specialized real estate software development company to integrate efficiencies and automation into the short sale process to help homeowners and banks come to a quicker resolution. BGS3's co-founder and President, Jeremy Bowman states, "To protect our competitive advantage, we cannot publish our partner's information or any specific information on the software system until it is ready to launch. The launch time will be within the next 60-90 days."
BGS3 has assisted in funding the project, which to date is well in excess of $500,000. BGS3 is also heavily engaged in the software's creation, particularly its content, functionality, and features. Dr. Bin Xie, lead software engineer for the project, states, "BGS3's input has been invaluable to the software's creation. We have program coders working full time out of BGS3's corporate office."
The software will connect Realtors, banks, homeowners, homebuyers, mortgage companies, and title companies and every party will have access to all the information and documents they need at the click of a button. Woods Davis, VP of Operations for BGS3 states, "This is just one of the many features of the software. It will be broad in scope and will contain many features that will primarily help Realtors and banks manage and organize their entire short sale business. We look forward to announcing the specific features soon."
BGS3's existing Realtor partners will have unlimited access to the new software at no additional charge.
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