Mrs. Rosario Briones of Mabalacat, Pampanga, the latest Balikatan borrower to successfully resolve her long outstanding housing loan, receives her TCT from a BFS account specialist. Pioneer mortgage servicing company BFS, Inc. has helped some 21,000 Filipino families to fully resolve their long outstanding and overdue loan obligations, with yet another 27,000 accounts in the resolution pipeline. This was made possible through BFS’ best-practice, end-to-end mortgage servicing platform. BFS, Inc. is the exclusive mortgage servicer and asset manager of the residential mortgage loan portfolio of Balikatan Housing and Finance, Inc. (BHFI). “We are glad that through our efforts, families have reclaimed their homes and have peace of mind,” states BFS Federico Y. Cadiz, Jr. “More importantly, they now have assets in the form of realized home equity, which for individual families is the largest component of personal savings—savings that may increase as their homes appreciate in value over time and may be passed on to their loved ones.” The most recent borrowers to successfully settle their obligation are Mr. and Mrs. Marianito Briones of Mabalacat, Pampanga. “Thank you for making this affordable. Thank you because we were able to resolve our housing loan. My...
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 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...
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 for their help. ) BFS, the premiere special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005....
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 of...
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 can save our homes. I am truly grateful to BFS because now, the house is really mine. Thank you BFS!” BFS, the premiere special assets...
