(PJ Tonight) Shirley Sedurifa, joined by her husband and her BFS account specialist, holds the title to the property that she finally was able to own, thanks to BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation. Sedurifa recently lost her job and could not find any way to pay off the loan for her home as she has to prioritize providing for her three children. The BFS account specialist assigned to Sedurifa show her the correct steps to finally obtain her title. BFS has resolved more than 35,000 accounts, thereby providing legitimate homeownership to more than 175,000 Filipinos and committing further to offer Balikatan borrowers 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...
(Business Mirror) Losing one’s home can be heartbreaking and Bahay Financial Services (BFS), the mortgage servicer of 52,000 delinquent housing loans acquired from the National Home Mortgage Finance Corp., knows this very well. BFS’s Social Case Window program assists delinquent borrowers in settling payments of their loan obligation. Borrowers may apply for the program for cases such as extreme poverty or serious medical conditions to avail themselves of lenient financial options. Among the borrowers that have benefited from the program are Jessica Garcia, a teacher and tutor from Zamboanga City who was able to settle P314,000 in loans for her parents’ home; Wilson Co, whose wife was widowed and for whom BFS helped settle his P86,000 loan; Gregorio Ybanez Jr., a cable installer from Mindanao who was able to receive a P5,000 discount on his loan; and Wilfredo Fernando, a welder from Batangas who was saved from eviction and was able to buy the home he and his family are living in, thanks to a deal from BFS. “These are only a few of the people reaching out to BFS to solve their housing payments by applying for the Social Case Window in their desire to settle their long...
(PJ Tonight) Losing one’s home can be heartbreaking and Bahay Finacial Services (BFS), the mortgage services of 52,000 delinquent housing loans acquired from the National Home Mortgage Finance Corporation, knows this very well. BFS Social Case Window program assists delinquent borrowers in settling payments of their loan obligation. Borrowers may apply for the program for cases such as extreme poverty or serious medical conditions to avail of lenient financial options. Among the borrowers that have benefited from the program are Jessica Garcia, a teacher and tutor from Zamboanga City who was able to settle P314,000 in loans for her parents’ home; Wilson Co, whose wife was widowed and for whom BFS helped settle his P68,000 loans; Gregorio Ybanez, Jr., a cable installer from Mindanao who was able to received a P5,000 discount on his loan; and Wilfredo Fernando, a welder from Batangas who was saved from eviction and was able to buy the home he and his family are living in. Thanks to a deal from BFS. “These are only a few of the people reaching out to BFS to resolve their housing payments by applying for the Social Case Window in their desire to settle their long outstanding...
(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 interest....
(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...
