BFS offers for sale a diverse number of residential properties located all over the Philippines. They are mostly located in established and mature communities with good access to commercial, school, public establishments and transportation, and, thus, enjoy an active secondary market and good potential for capital appreciation.
These properties represent foreclosed assets with titles consolidated in the name of the creditor and which can now be freely transferred to third party buyers, as well as unoccupied properties which are in the process of foreclosure. In the case of the latter, BFS facilitates the assignment of creditor's rights to the property to a buyer where consolidation of the title in the buyer's name is subject to foreclosure proceedings. In most cases, BFS continues as an agent for the buyer to conclude the foreclosure process. Due to the foreclosure time element involved, these creditor rights are assigned at an attractive discount relative to the market value of the underlying property.