jhenares | BFS Corporate

Posted by jhenares on Jun 7, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Launches the Home Saver Offer for Qualified Balikatan Borrowers

Balikatan accountholders who still have to resolve their highly-delinquent accounts are entreated to call their Account Specialists to find out if they qualify for the new special offer of BFS. Called the HOME SAVER OFFER, the program gives the most affordable settlement offer yet for qualified accounts. As with all Balikatan accounts, BFS offers customized packages that take into consideration total past due obligation, capacity to pay, and account history. BFS believes in preserving the dignity of its account holders by working with them to settle their accounts so that they may save their homes. A financial resolution is always the best avenue for both the borrower and BFS, and makes the most economic sense. Foreclosure is always the last resort and occurs only when account holders refuse to negotiate or work with BFS to arrive at a mutually-acceptable settlement amount. This program offers to counter the court foreclosure process to maximize borrower resolutions outside of foreclosure. Borrowers have already started receiving written notices of their eligibility for the...

Posted by jhenares on Jun 6, 2014 in Corporate News, Loan Accounts News

Loan Settlement Program Launched for Borrowers in Extreme Poverty

(Business Mirror) BFS, the exclusive mortgage servicer and asset manager of Balikatan Housing Finance Inc. for its multi-billion peso residential loan mortgage portfolio, recently launched its Social Window Program (SWP)for account holders who have been experiencing difficulties settling their loans due to extreme proverty or serious illness. SWP aims to provide Balikatan account holders more options in settling their loans. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship. “Some are trying their best to save their homes, but cannot make it happen because of extreme difficulties. Through SWP, we are giving concessions to those who have difficulty making ends meet, and we have been doing our utmost to help our account holders meet their obligations” BFS President Federico Cadiz said. Established in 2005, BFS helps delinquent borrowers resolve their accounts when their residential home loans become delinquent. It offers different options to avoid foreclosure, which include basing resolution amounts on current appraised values instead of outstanding principal balances. BFS...

Posted by jhenares on Jun 6, 2014 in Corporate News, Loan Accounts News

Loan Settlement Program Launched for Borrowers in Extreme Poverty

(People’s Journal Tonight) BFS, the exclusive mortgage servicer and asset manager of Balikatan Housing Finance Inc. for its multi-billion peso residential loan mortgage portfolio, recently launched its Social Window Program (SWP)for account holders who have been experiencing difficulties settling their loans due to extreme proverty or serious illness. SWP aims to provide Balikatan account holders more options in settling their loans. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship. “Some are trying their best to save their homes, but cannot make it happen because of extreme difficulties. Through SWP, we are giving concessions to those who have difficulty making ends meet, and we have been doing our utmost to help our account holders meet their obligations” BFS President Federico Cadiz said. Established in 2005, BFS helps delinquent borrowers resolve their accounts when their residential home loans become delinquent. It offers different options to avoid foreclosure, which include basing resolution amounts on current appraised values instead of outstanding principal balances,...

Posted by jhenares on Jun 6, 2014 in Corporate News, Loan Accounts News

Loan Settlement Program Launched for Distressed Borrowers

(People’s Journal) BFS, the exclusive mortgage servicer and asset manager of Balikatan Housing Finance Inc. for its multi-billion peso residential loan mortgage portfolio, recently launched its Social Window Program (SWP)for account holders who have been experiencing difficulties settling their loans due to extreme proverty or serious illness. SWP aims to provide Balikatan account holders more options in settling their loans. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship. “Some are trying their best to save their homes, but cannot make it happen because of extreme difficulties. Through SWP, we are giving concessions to those who have difficulty making ends meet, and we have been doing our utmost to help our account holders meet their obligations” BFS President Federico Cadiz said. Established in 2005, BFS helps delinquent borrowers resolve their accounts when their residential home loans become delinquent. It offers different options to avoid foreclosure, which include basing resolution amounts on current appraised values instead of outstanding principal balances, and...

Posted by jhenares on Jun 3, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Believes in Helping Borrowers Going Through Exceptional Hardship

BFS, the mortgage servicer for the Balikatan accounts, recently launched the Social Case Window Program for the Filipino-in-need. “We have seen individuals trying their best to save their homes, but due to extreme hardship cannot make it happen,” starts BFS. “We have been the sole entrant in the business of mortgage servicing in the Philippines for eight years, and have seen cases like this. As we are committed to doing all we can to help any hardworking accountholder resolve his loan, we have to make special cases for those who can’t make ends meet due to extreme circumstances such as terminal illness. This is what led us to launching the Social Case Window Program. “Our accountholders are important to us. Their welfare and homeownership are foremost on our minds. This is especially true of those who are in dire straits and work hard to resolve but still cannot make the cut. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship,”...