Program 3648 Scam Prevention Efforts Helping in the Short Sale Surge


LOUISVILLE, Ky., Feb. 24, 2010 (GLOBE NEWSWIRE) -- Program 3648 recently announced the formation of the Program 3648 Scam Prevention Task Force. In efforts to educate the public at large on the ease of use of this new website, a new instructional video has been uploaded here: Program3648ScamPreventionVideo

The primary mission of the task force is to help educate homeowners on how to identify potential foreclosure prevention scams, and a simple method for reporting them.

Additionally, Program 3648 gears up for surge in short sales. "Business has tripled since mid Q4 2009. We have seen a recent trend of REO agents, who are now focusing a good part of their business on stopping the foreclosure process by helping to list, market and sell short sales," states Co-founder Jeremy Bowman. The Financial Times recently reported, "As moratoriums on mortgage payments and temporary loan modifications expire in coming months, the number of homes entering, or in, foreclosure is also expected to climb to a record 4.3m, from 3.4m in 2009…If 2009 was the year of the loan modification, 2010 will be the year of the short sale."

Bowman continues, "We have been feeling it in a big way. We have been on the front lines doing short sales for almost seven years, and we have never seen anything like this. Surge is an understatement."

Program 3648 also announces the release of individualized websites for each of their Certified Program3648 Representatives. Matthew Neitzel, Director of IT, and Administrator for the Program 3648 Scam Prevention Task Force, states, "Our partners have been anxiously awaiting the release of these sites, and we are pleased to announce that we are ahead of schedule on the implementation process." Neitzel adds, "One nice feature on the new websites is the spot where actual homeowners are interviewed regarding the help they've received for free."

The Program 3648 logo is available at


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