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Posted by on Mar 15, 2014 in Corporate News, Loan Accounts News

BFS provides homes for 100K Filipinos

BFS provides homes for 100K Filipinos

(Business Mirror) When residential home loans become delinquent, borrowers are hard put to resolve their accounts to avoid spiraling penalties and interest. Fortunately for borrowers of Balikatan accounts, they are given a chance at legitimate homeownership through the efforts of BFS, the Philippines’ premiere mortgage servicing company. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amounts on current appraised values instead of outstanding principal balances, and partial condonation of penalties and interest. BFS reaches out to allow the borrowers to obtain legitimate homeownership. As a result, BFS has resolved more than 26,000 accounts from the Balikatan portfolio, providing housing for more than 100,000 Filipinos. “BFS is devoted to helping Filipinos find ways to resolve their outstanding loan obligations so that they feel the security of homeownership, and can bequeath a homestead of their children instead of debt,” said BFS president, Federico Cadiz. “We constantly reach out to Balikatan borrowers to discuss options since financial resolution is the route we...

Posted by on Mar 15, 2014 in Loan Accounts News, Press Room

Help for home loans

Help for home loans

(People’s Journal) Musni couple (left and center) receive the title to their own house from an account specialist (right) of mortgage servicer BFS, which helped them pay off their housing debts. Musni is one of the many borrowers which BFS has assisted in settling home loans at a much lower price. Since 2006, BFS has assisted with over 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number...

Posted by on Mar 14, 2014 in Loan Accounts News, Press Room

Problema

Problema

(Bandera) Problema sa housing loan naresolba. Isang magandang balita para kay Gg. Antonio Musni (kaliwa) ang pagtatapos ng kanyang pagbabayad sa kanilang bahay. Isa si Gg. Musni sa marami nang taong komukunsulta sa BFS na nakapagtapos na mabayaran ang mga obligasyon sa bahay. Sa tulong ng mga account specialists ay nabayaran nina Gg. Musni ang kanilang pagkakautang sa mababang halaga. Nagpapasalamat sina Gg. Musni sa BFS dahil nabigyan sila ng pangalawang pagkakataon. Mula 2006, BFS ang mortgage servicer ng 52,000 highly delinquent loans mula sa National Home Mortgage Finance Corporation, sa ngayon, mahigit kalahati na ang nareresolba. Ang BFS ay nagbibigay ng wastong paraan upang mabayaran ang pagkakautang upang kanilang mapagmay-ari ang...

Posted by on Mar 14, 2014 in Loan Accounts News

Help for Home Loans

Help for Home Loans

(People’s Tonight) Mr. and Mrs. Antonio Musni (left and center) receive the good news that they will be finally able call their home as their own as they have finally paid off their debts, with the help of BFS and its account specialists. Musni is one of the many borrowers which BFS has assisted in settling their home loans at a much lower price. Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved. BFS provides proper procedures on how to pay debts so borrowers can finally claim their...

Posted by on Mar 9, 2014 in Corporate News, Loan Accounts News

BFS puts roof over heads of over 100K Pinoys

BFS puts roof over heads of over 100K Pinoys

(People’s Tonight) When residential home loans become delinquent, borrowers are hard put to resolve their accounts to avoid spiralling penalties and interest. Fortunately for borrowers of Balikatan accounts, they are given a chance at legitimate homeownership through the efforts of BFS, the Philippines’ premiere mortgage servicing company. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amounts on current appraised values instead of outstanding principal balances, and partial condonation of penalties and interest. BFS reaches out to allow the borrowers to obtain legitimate homeownership. As a result, BFS has resolved more than 26,000 accounts from the Balikatan portfolio, providing housing for more than 100,000 Filipinos. “BFS is devoted to helping Filipinos find ways to resolve their outstanding loan obligations so that they feel the security of homeownership and can bequeath a homestead to their children instead of a debt,” says BFS president, Federico Cadiz. “We constantly reach out to Balikatan borrowers to discuss options since financial resolution is the route...

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