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,”...

Posted by jhenares on Jun 2, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Home Saver Offer Encourages Qualified Borrowers to Resolve Early to Avail of the Most Affordable Settlements Yet

Each Balikatan borrower is encouraged to contact his/her Account Specialist right away for the newest special offer, the HOME SAVER OFFER.  The program allows borrowers to enjoy the most affordable settlement packages so that they may finally call the properties their own. As with all BFS programs, the offers are customized to each account that take into consideration total past due obligation, account history, and capacity to pay.  The program offers to counter the court foreclosure process to maximize borrower resolutions outside of foreclosure.    Letters have been sent out to qualified borrowers, and Account Specialists are calling their assigned accountholders.   Each borrower who has not received a letter or a phone call should contact his/her Account Specialist and inquire about the program. Borrowers may visit any of the BFS offices in Makati, Alabang, and Davao, call BFS through trunklines 756-6230 or 750-3888, call the Davao office direct through (082) 221-0809, or call PLDT toll-free outside of Metro Manila and Davao through 1-800-10-2255-BFS (237).  BFS is also reachable through Text...

Posted by adminbfs on Jun 1, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Launches Its Most Affordable Settlement Offer Yet For Qualified Borrowers

BFS recently launched the new HOME SAVER OFFER for qualified Balikatan clients with delinquent mortgages. For a limited time, account holders may be qualified to avail of the most affordable settlement yet. For Balikatan accountholders who have delinquent mortgages dating as far back as 29 years, BFS, the official mortgage servicer of Balikatan, continues to provide special offers so that borrowers may resolve their accounts and save their homes. The program offers to counter the court foreclosure process to maximize borrower resolution outside of foreclosure. Letters have already been sent out to qualified borrowers stating the specifics of their accounts and their BFS customized offers, and calls are being made by their Account Specialists in advance of the letters being received. If, for any reason, they have not received their letter or a phone call, borrowers should contact BFS and inquire about the program. Balikatan account holders may visit any of the BFS offices in Makati, Alabang, and Davao. They may also call BFS through trunklines 756-6230 or 750-3888,...

Posted by adminbfs on Apr 4, 2014 in Corporate News, Loan Accounts News, Press Room

BFS puts roof over heads of 100T Filipinos

(The Philippine Star) When residential home loans become delinquent, borrowers are hard put to resolve their accounts to avoid spiralling penalties and interest. Fortunately for borrowers of Balikatan accounts, they are given a chance at legitimate homeownership through the efforts of BFS, the Philippines’ premiere mortgage servicing company. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amounts on current appraised values instead of outstanding principal balances, and partial condonation of penalties and interest. BFS reaches out to allow the borrowers to obtain legitimate homeownership. As a result, BFS has resolved more than 26,000 accounts from the Balikatan portfolio, providing housing for more than 100,000 Filipinos. “BFS is devoted to helping Filipinos find ways to resolve their outstanding loan obligations so that they feel the security of homeownership and can bequeath a homestead to their children instead of a debt,” says BFS president Federico Cadiz. “We constantly reach out to Balikatan borrowers to discuss options since financial resolution is the route...