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Posted by on Jul 25, 2013 in Corporate News, Loan Accounts News, Press Room

BFS Extends Condonation Program

BFS Extends Condonation Program

(Business World) BFS, a mortgage servicing and special asset management company, said it extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” said Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who...

Posted by on Jul 24, 2013 in Corporate News, Loan Accounts News

Loan Condonation

Loan Condonation

(Manila Bulletin) BFS extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another,” explained Juno Henares-Chuidian, head of BFS Corporate...

Posted by on Jul 24, 2013 in Corporate News, Loan Accounts News

BFS Extends Loan Condonation

BFS Extends Loan Condonation

(Manila Bulletin) BFS, a mortgage servicing and special asset management company, said it extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. The program, called the Panalo Max Offer, was first launched in April 2012 with the primary objective of offering highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations,” said BFS Corporate Communication Head Juno Henares-Chuidian. “We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership, Henares-Chuidian said. The response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were...

Posted by on Jul 23, 2013 in Corporate News, Loan Accounts News

Delinquent Housing Loan Borrowers Get Reprieve from Lender

Delinquent Housing Loan Borrowers Get Reprieve from Lender

(The Daily Tribune) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” said Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as OFWs....

Posted by on Jul 23, 2013 in Corporate News, Loan Accounts News, Press Room

Loan Condonation Extended

Loan Condonation Extended

(Malaya) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” explained Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as OFWs. In spite...

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