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Posted by on Mar 21, 2012 in Corporate News, Press Room

BFS Nears the 20,000 Resolution Mark

BFS Nears the 20,000 Resolution Mark

BFS provides hope and homes for thousands of Balikatan borrowers BFS helps move the country forward by providing hope and homes to Balikatan borrowers. It has enabled nearly 20,000 borrowers to become legitimate homeowners as of 2011. Since it started in 2005, BFS’ main goal has always been to marry its recovery efforts from delinquent loans with a need to help Filipinos settle long outstanding obligations and realize the dream of homeownership. As the country’s premier special assets and mortgage servicing company, it is committed to helping borrowers resolve by relentlessly finding ways to customize financial resolution packages. BFS provides a menu of options to borrowers, counseling them through highly-skilled mortgage Account Specialists. Borrowers who have cash,liquid assets, or have access to formal or informal lenders usually opt for a highly discounted pay-off. Borrowers who have no access to cash but with the capacity to pay by installment prefer in-house refinancing. Borrowers sometimes voluntarily surrender their property through dacion if they cannot manage financially and have the option to...

Posted by on Mar 20, 2012 in Corporate News, Loan Accounts News, Press Room

BFS Makes Homeownership Possible for Pedro Erquiza’s Family

BFS Makes Homeownership Possible for Pedro Erquiza’s Family

BFS continues to make legitimate homeownership possible for Balikatan borrowers such as the Erquiza family. Raising a family of eight was difficult for the late Pedro Erquiza; hence, mortgage payments suffered in lieu of more pressing needs like food and education for the children. The Erquizas decided to coordinate with BFS upon receiving a notice of assignment. They were relieved to learn about BFS’ many resolution options and understood how it helps distressed families like them to recover their homes. They then worked out a settlement amount with the help of their account specialist. One of the daughters working abroad offered to pay for the outstanding mortgage. The Erquizas happily shared what they learned, “huwag ipagwalang-bahala ang mga notices. Walang mawawala kung makikipag-coordinate. Maraming Salamat sa BFS at napababa ang binayaran namin.” (Do not ignore the notices. You have nothing to lose if you make an effort to coordinate. Thank you very much to BFS because of the discounted settlement amount.) BFS, the premiere special assets management and mortgage...

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