Posted by adminbfs on Sep 23, 2013 in Corporate News, Loan Accounts News, Press Room

Mindanaoans thank BFS for Opportunity to Resolve Housing Loans

Ms. Lourdes Jayme happily receives her Transfer Certificate of Title from her BFS account specialist. “Daghan kaayong Salamat sa BFS”.  Mindanaoans are thankful to BFS, mortgage servicer for 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation. Since 2005, the company has paved the way for Filipino families to obtain genuine and legitimate homeownership. Through constant dialogue, including field visits, by dedicated account specialists, borrowers were guided into making the right decisions to enable them to own their homes. Juno Henares-Chuidian, Head of Corporate Communication explains, “BFS offers special discounts based on the unique status of each qualified account. These offers are consistent with our goal to provide positive home equity for Filipinos,” Jocelyn Undangan, Lourdes Jayme, Monina Edralin, Mildred Millanes and Ysa Acac, all from Mindanao, now join the thousands of BFS happy homeowners throughout the country. Ms. Jocelyn Undangan of Cabantian Country Homes, Davao, Davao del Sur says, “Thank you BFS for the opportunity to resolve at a lowered settlement amount.” “BFS was there...

Posted by adminbfs on Aug 5, 2013 in Corporate News, Loan Accounts News, Press Room

Loan Condonation and Restructuring Extended for Delinquent Balikatan Borrowers

(Business Mirror) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the extended Panalo Max Offer represents – a ‘helping hand’ extended by BFS in realizing our borrowers’ dreams of homeownership,” explained Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as overseas Filipino...

Posted by adminbfs on Jul 25, 2013 in Corporate News, Loan Accounts News, Press Room

BFS Extends Condonation Program

(Business World) BFS, a mortgage servicing and special asset management company, said it extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” said Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who...