Corporate News

BFS helps couple secure homes

(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...

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 interest....

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...

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...

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...

Tips on how to spot fake titles

(The Philippine Star Online)   Manila, Philippines – Selling fraudulent certificates of title remains one of the most widespread scams in the country. BFS (Bahay Financial Services), the only mortgage servicer and special asset management company, shares some pointers on how to avoid falling prey to scam artists making sure the copies of title are genuine.   The transfer certificate of title (TCT), the Registry of Deeds’ (RD) copy and the owner’s duplicate should be identical in all aspects, including capitalization, punctuation marks, erasure and even typos. For reference, ask for the Registry of Deeds’ original copy and compare with the owner’s duplicate.   The last two or three digits of the TCT number should be identical to the page number. The serial number (SN) of the title as arranged in the registry book consecutively numbered. Government agencies keeping a record of the serial numbers assigned to each registry are the Land Registration Authority, Land Management Bureau and the Department of Agriculture.   The owner’s duplicate copy of the certificates of the title has the word ‘Owner’s Duplicate’ and the red seal. The original copy does not contain either of these. All judicial forms do not blot or stain...