(People’s Tonight) 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 we prefer to take, which ultimately benefits the borrowers. Having an opportunity like this is unprecedented in the Philippines. Instead of a debt for life...
(People’s Journal) When residential home loans become delinquent, borrowers are burdened to resolve their accounts to avoid spiraling 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 by reaching out to allow the borrowers to obtain legitimate homeownership 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. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure, including basing resolution amounts on current appraised values instead of outstanding principal balances and partial condonation of penalties and...
(Bandera) Walang may gustong mawalan ng tirahan dahil sa hindi pagbabayad ng utang. Ngunit karaniwan na sa mga Pilipino ang balewalain ang sulat at tawag ng paalala ng pagbabayad kahit na nga’t hangga’t hindi nababayaran ang pagkakautang sa bahay, nakaabang ang foreclosure at eviction na mas nakababahala. Para sa mga borrowers ng Balikatan Housing, kaagapay nila ang mga BFS account specialist at mortgage servicer na nagbibigay ng payo sa mga paraan ng pagbabayad ng utang upang mapasarili na nila ang kanilang bahay. Maluwag na pinahihintulutan ng BFS ang mga borrowers na makipag negosasyon para sa kanilang pagbabayad kahit ito’y foreclosure na o pagkaraan ng eviction. Mahigit 26,000 Balikatan accounts na ang naresolba ng BFS, na nakapagbigay na ng tahanan sa mahigit 100,000 na...
(Business Mirror) 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...
(Business World) 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...
