(Manila Bulletin) Romeo and Rebecca Calza (in photo, left) are new happy homeowners with the help of BFS, the mortgage servicer of more than 52,000 Balikatan delinquent loans from the National Home Mortgage Finance Corporation. BFS now has the reputation of having more than 60% of the total number of delinquent loans resolved. A BFS Account Specialist guided the couple through the correct procedure of getting their new property, which they could finally pay for even with tuition payments for their children. Then company 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 balance and partial condoning of penalties and...
(Malaya) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again. Since 2006, 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 balance, and condoning of penalties and...
(PJ Tonight) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again. Since 2006, 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 balance, and condoning of penalties and...
(The Philippine Star) BFS, the mortgage servicer of 52,000 delinquent housing loans acquired from the National Home Mortgage Finance Corp., recognizes marginal cases where delinquent borrowers cannot pay the full amount of their loan obligations due to extreme poverty, old age, or serious medical conditions, among others, and who are unable to receive support from family members. The BFS Social Case Window program helps borrowers access more lenient financial options if borrowers applying under the program can adequately demonstrate their eligibility under the program’s coverage. Among those who have benefitted from the Social Window Case program are Vilma Dada, who was diagnosed with stage 3 breast cancer in 2012, Mimosa Famularcano who has been supporting her younger brother who was diagnose with lung cancer; Pascua Mendoza who suffered a financial setback when his wife suffered heart problems last year and had to earmark the funds for hospital bills, and many more. “These are only a few of the people reaching out to BFS to resolve their housing payments by applying for the Social Case Window in their desire to settle their long outstanding loan obligations and finally legitimize their home ownership. They are exceptional cases...
(The Philippine Star) BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corp., awards to husband and wife Nicasio and Maura Cruz their land title. The Cruz couple finished their mortgage payment after BFS helped them manage their delinquent loan, with the help of their BFS account specialist. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amount on current appraised values instead of outstanding principal balance, and partial condonation of penalties and...
