adminbfs | BFS Corporate

Posted by adminbfs on Jul 24, 2013 in Corporate News, Loan Accounts News

BFS Extends Loan Condonation

(Manila Bulletin) 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. The program, called the Panalo Max Offer, was first launched in April 2012 with the primary objective of offering 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,” said BFS Corporate Communication Head Juno Henares-Chuidian. “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, Henares-Chuidian said. The response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were...

Posted by adminbfs on Jul 23, 2013 in Corporate News, Loan Accounts News

Delinquent Housing Loan Borrowers Get Reprieve from Lender

(The Daily Tribune) 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,” 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 were based abroad as OFWs....

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

Loan Condonation Extended

(Malaya) 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 OFWs. In spite...

Posted by adminbfs on Jul 22, 2013 in Corporate News, Press Room, Properties News

BFS’ Extended Panalo Max Offer

BFS re-launched Panalo Max in continuing its effort to help Balikatan borrowers and realize their homeownership aspirations. Panalo Max was first launched in April 2012 and the response was positive with thousands of borrowers resolving, including Balikatan borrowers who were based abroad as OFWs. In the past seven years, BFS constantly tried to reach its borrowers in efforts to encourage them to avail of its affordable condonation programs. Even if the obligation is on the borrower to seek out BFS, its dedicated account specialists exert efforts to communicate to clients through letters, phone calls, SMS, B-Online (an online video counseling service), including door-to-door visits in key areas such as Metro Manila, Cavite, Bulacan, Laguna, Rizal, Batangas, Bataan, Pampanga, General Santos, Davao, Cagayan de Oro, Bacolod and Iloilo. “We keep on saying that foreclosure is a last resort and least preferred option and it truly is for us in BFS. We want borrowers to be able to save their homes and get closure. Rather than see borrowers lose their homes...

Posted by adminbfs on Jul 18, 2013 in Corporate News, Properties News

Loan Condonation, Restructuring Extended

(Sunstar Davao) BFS extended its loan condonation and restructuring program in continuing its effort tohelp Balikatan borrowers realize their homeownership aspirations. The program, called ‘Panalo Max Offer’, was launched last April 2012 with an objectiveto 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 ge tclosure 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,” JunoHenares-Chuidian, Head of Corporate Communication said. The Panalo Max Offer has received positive response from thousands of borrowerswho have resolved their accounts, including overseas Filipino workers (OFWs). BFS urged qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure process does not...