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Posted by on Sep 30, 2013 in Corporate News, Loan Accounts News, Press Room

BFS Panalo Max Transforms Delinquent Borrowers into Happy Homeowners

BFS Panalo Max Transforms Delinquent Borrowers into Happy Homeowners

(The Philippine Star) BFS extended its Panalo Max program to allow delinquent borrowers to become delighted homeowners after up to fifteen years of default on their mortgages. The new homeowners are ecstatic about legitimizing homeownership after years of their homestead issues hanging in the balance. BFS’ resolution philosophy is to provide positive home equity for Filipinos. Equity is the market value of a property less debt. As one pays off the loan to the home, the equity appreciates. In addition, BFS bases resolution amounts on appraised values of the properties. Panalo Max brings down costs further and offers 100% penalty condonation and up to 100% interest condonation for many qualified borrowers. Since the second quarter of the year, the response has been positive with borrower resolutions from Metro Manila, Cavite, Bulacan, Laguna, Rizal, Batangas, Bataan, Pampanga, General Santos, Davao, Cagayan de Oro, Bacolod, and Iloilo. BFS, the country’s only mortgage servicing and special asset management company, continues to find ways to assist borrowers with their outstanding and overdue loan obligations....

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

Pagtulong ng BFS sa mga Borrowers ng Cavite at Laguna

Pagtulong ng BFS sa mga Borrowers ng Cavite at Laguna

Masayang tinanggap ni Gng. Myrna Cawaling ang kanyang Transfer Certificate of Title mula sa isang BFS account specialist. Labis na nasalanta ang Cavite at Laguna ng nagdaang Bagyong Maring. Kaya naman patuloy ang paghahain ng BFS ng mga programa tulad ng Extended Panalo Max upang matulungan ang mga Balikatan borrowers na gustong ayusin ang kanilang pagkakautang sa bahay. “Ang Extended Panalo Max ay base sa estado ng bawat kwalipikadong account. Ito din ay magandang pagkakataon upang maresolba ng mga borrowers ang kanilang utang sa bahay at magkaroon ng home equity. Layon ng BFS na magkaroon ng positibong home equity ang mga Pilipino,” paliwanag ni Juno Henares, BFS Corporate Communication Head. Ang ‘equity’ ay ang halaga ng bahay pagkatapos mabayaran ang utang. Habang nababayaran ang utang sa bahay, tumataas ang halaga ng equity. Sina Flora Mesa, Maria Lourdes del Rosario, Myrna Cawaling at Lutgarda Cepillo ay mga ginang mula Cavite at Laguna na kabilang sa mga borrowers na naisaayos ang kanilang mga utang sa bahay sa pakikipagtulungan sa BFS. “Sinuportan...

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

Mindanaoans thank BFS for Opportunity to Resolve Housing Loans

Mindanaoans thank BFS for Opportunity to Resolve Housing Loans

Ms. Lourdes Jayme happily receives her Transfer Certificate of Title from her BFS account specialist. “Daghan kaayong Salamat sa BFS”.  Mindanaoans are thankful to BFS, mortgage servicer for 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation. Since 2005, the company has paved the way for Filipino families to obtain genuine and legitimate homeownership. Through constant dialogue, including field visits, by dedicated account specialists, borrowers were guided into making the right decisions to enable them to own their homes. Juno Henares-Chuidian, Head of Corporate Communication explains, “BFS offers special discounts based on the unique status of each qualified account. These offers are consistent with our goal to provide positive home equity for Filipinos,” Jocelyn Undangan, Lourdes Jayme, Monina Edralin, Mildred Millanes and Ysa Acac, all from Mindanao, now join the thousands of BFS happy homeowners throughout the country. Ms. Jocelyn Undangan of Cabantian Country Homes, Davao, Davao del Sur says, “Thank you BFS for the opportunity to resolve at a lowered settlement amount.” “BFS was there...

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