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Posted by on Feb 25, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

Investors up demand for pre-owned homes

Investors up demand for pre-owned homes

(Manila Bulletin) Acquiring pre-owned homes has become popular among first-time buyers, but BFS, the country’s only mortgage servicer and special asset management company for a portfolio of more than 52,000 delinquent loan accounts, has also noted an increase of purchases from investors. Federico Y. Cadiz, president of BFS, said there has been a marked increase in the number of home buyers who refurbish the pre-owned homes and resell them because they are a viable investment option.  While BFS is company-of-choice among clients who hope to keep their homes thru resolutions and loan restructuring, BFS also has a portfolio of properties which make for good investments. “Investors know that the values of real estate property increase over time and BFS has made the foreclosed properties affordable, with easy payment schemes, that is why investors expect a good return,” explained Cadiz. BFS was set up to manage such a portfolio by establishing a mortgage platform which manages all core competencies for servicing including loan origination, loan underwriting, loan servicing, credit management,...

Posted by on Feb 23, 2016 in Corporate News, Loan Accounts News, Press Room, Properties News

Brand new start

Brand new start

(Malaya) Romeo and Rebecca Calza (left) are happy homeowners with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than 601 of the total number resolved. A BFS account specialist guided the couple through the correct procedure of getting their property, which they could finally pay for even with tuition payments for their children.  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 balance, and partially condoning of penalties and...

Posted by on Feb 22, 2016 in Corporate News, Homepage Content, Loan Accounts News, Press Room, Properties News

Avoid foreclosure with BFS

Avoid foreclosure with BFS

(People’s Journal) Mark Acierto of Sta Rosa, Laguna proudly shows off the titles of his brand-new properties acquired through BFS, the mortgage service provider of 52,000 delinquent loans from the National Home Mortgage Finance Corporation. More than half of the total number of delinquent loans was resolved by BFS.  Aiming to start future projects, Acierto was able to obtain his new properties through a BFS account specialist who guided him through the correct procedure of buying property. BFS has committed to offer Balikatan borrowers with different financial options to avoid foreclosure.  These include basing resolution amounts on current appraised values instead of outstanding principal balance, and partially condoning of penalties and...

Posted by on Feb 20, 2016 in Loan Accounts News, Press Room

Brand-new properties thanks to BFS

Brand-new properties thanks to BFS

(PJ Tonight) Mark Acierto of Sta. Rosa, Laguna proudly shows off the titles of his brand new properties acquired through BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved.  Aiming to start future projects, Acierto was able to obtain his new properties through a BFS account specialist who guided him through the correct procedure of buying property.  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 balance, and partially condoning of penalties and...

Posted by on Jan 26, 2016 in Corporate News, Homepage Content, Loan Accounts News, Press Room, Properties News

New start from BFS

New start from BFS

(Malaya) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again.  Since 2006, 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 balance, and condoning of penalties and...

Posted by on Jan 23, 2016 in Corporate News, Homepage Content, Loan Accounts News, Press Room, Properties News

New start begins

New start begins

(PJ Tonight) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again.  Since 2006, 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 balance, and condoning of penalties and...

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