Land title awarding

(The Philippine Star)

BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corp., awards to husband and wife Nicasio and Maura Cruz their land title. The Cruz couple finished their mortgage payment after BFS helped them manage their delinquent loan, with the help of their BFS account specialist. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amount on current appraised values instead of outstanding principal balance, and partial condonation of penalties and interest.

Author: jhenares

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