Press Room | BFS Corporate

Posted by adminbfs on Mar 21, 2012 in Corporate News, Press Room

BFS Nears the 20,000 Resolution Mark

BFS provides hope and homes for thousands of Balikatan borrowers BFS helps move the country forward by providing hope and homes to Balikatan borrowers. It has enabled nearly 20,000 borrowers to become legitimate homeowners as of 2011. Since it started in 2005, BFS’ main goal has always been to marry its recovery efforts from delinquent loans with a need to help Filipinos settle long outstanding obligations and realize the dream of homeownership. As the country’s premier special assets and mortgage servicing company, it is committed to helping borrowers resolve by relentlessly finding ways to customize financial resolution packages. BFS provides a menu of options to borrowers, counseling them through highly-skilled mortgage Account Specialists. Borrowers who have cash,liquid assets, or have access to formal or informal lenders usually opt for a highly discounted pay-off. Borrowers who have no access to cash but with the capacity to pay by installment prefer in-house refinancing. Borrowers sometimes voluntarily surrender their property through dacion if they cannot manage financially and have the option to...

Posted by adminbfs on Mar 20, 2012 in Corporate News, Loan Accounts News, Press Room

BFS Makes Homeownership Possible for Pedro Erquiza’s Family

BFS continues to make legitimate homeownership possible for Balikatan borrowers such as the Erquiza family. Raising a family of eight was difficult for the late Pedro Erquiza; hence, mortgage payments suffered in lieu of more pressing needs like food and education for the children. The Erquizas decided to coordinate with BFS upon receiving a notice of assignment. They were relieved to learn about BFS’ many resolution options and understood how it helps distressed families like them to recover their homes. They then worked out a settlement amount with the help of their account specialist. One of the daughters working abroad offered to pay for the outstanding mortgage. The Erquizas happily shared what they learned, “huwag ipagwalang-bahala ang mga notices. Walang mawawala kung makikipag-coordinate. Maraming Salamat sa BFS at napababa ang binayaran namin.” (Do not ignore the notices. You have nothing to lose if you make an effort to coordinate. Thank you very much to BFS because of the discounted settlement amount.) BFS, the premiere special assets management and mortgage...

Posted by adminbfs on Nov 9, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Makes Homeownership Possible for Venancio Santos

Melinda and Venancio Santos (left) receive their TCT from BFS Account Specialist Zayra Nunez Venancio and Melinda Santos knew they had to do their best to save their home in Kapayapaan Ville, Canlunbang, Calamba, Laguna. Venancio was the lone breadwinner at the time of the loan take out and could not keep up financially to meet his mortgage payments. Fortunately, the Santoses’ loan was included in a portfolio turned over to BFS for servicing. BFS contacted the Santoses and apprised them about their loan as well as the resolution options. With his two children now employed, the couple felt that they could make a go to settle their obligation once and for all. It proved to be the correct the decision as Venancio happily narrates his story. “Masarap at masaya kapag sarili mo na ang bahay. Hindi ka na kakabahan. Nais kong pasalamatan ang BFS sa pagtulong sa amin.” (It is a good and happy feeling to finally own your home. No more worries. I wish to thank BFS...

Posted by adminbfs on Nov 9, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Makes Homeownership Possible for Editha Jarmin

Editha Jarmin (left) receives her TCT from BFS Account Specialist Leah Lopena The Jarmins are assumers of a property in Camella Homes-Springville East, Bacoor, Cavite. They were initially confused when they received letters about their mortgage payment so they decided to ask around. They went to the NHMFC and to BFS where it was explained to them that they were dealing with a legitimate mortgage servicing company whose task was to turn-around a portfolio of non-performing loans. The Jarmins sourced funds to be able to settle their long outstanding loan. They feel truly happy and and grateful to BFS and their account specialist. “Through her, we were able to clarify our questions, get the proper information and settle our account. We thank BFS for giving us the opportunity to save our property,” shared Editha Jarmin. BFS, the premiere special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005. In the process, it has fulfilled the dreams of homeownership for thousands...

Posted by adminbfs on Nov 9, 2011 in Corporate News, Loan Accounts News, Press Room

BFS Makes Homeownership Possible for Maritess Reyes

Maritess Reyes (right) receives her TCT from BFS Account Specialist Jackie Aribon. Maritess Reyes is a single parent with two kids who are still in school. She could not make her payments up-to-date since she does free lance work and her monthly income was not sufficient for her monthly amortization for a small house in Moncarlo Village, San Mateo Rizal. She had mixed emotions upon receiving the letters from BFS but she also had this desire to redeem the property and put everything in order. Hence, Maritess kept communicating with BFS through its account specialists. In these discussions, she learned about the best resolution option given her financial situation. Maritess borrowed from a friend and a colleague and decided to put the issue to rest. “I feel very much relieved. At least now, I have the assurance that I could stay in a house that I could call my own and I could improve it without worrying.” Maritess concludes, “We need to be open to negotiations so that we...

Posted by adminbfs on Nov 8, 2011 in Corporate News, Loan Accounts News, Press Room

BFS brings BAHAY-nihan to Mindanao

Since BFS started servicing Balikatan accounts in 2005, it continues to provide ways to reach Balikatan account holders throughout the country. BFS-Account Management Department’s BAHAY-nihan Field Processing was recently held in Tagum City, Davao del Norte, to manage the accounts which were offered the BFS Bahay Condonation Special Program. Hundreds of clients visited the Field Processing activity at the Freedom Park Covered Area in Tagum. BFS account specialists discussed the status of individual accounts with Balikatan borrowers and counseled them on BFS’ many resolution options. As a result, many more borrowers resolved their loans. The BAHAY-nihan Field Processing was moved to Barangay Gredu’s Covered Court in Panabo City on May 14 and 28, 2011 and went back to Tagum City on May 21, 2011. All Balikatan borrowers are encouraged to visit in order to discuss their loans. For details on the Bahay Condonation Special, please contact the BFS Davao Hotline: (082) 221-0809 or the BFS Manila Hotline: (02) 750-3888. Clients may also transact via the internet by logging-on to...