Since taking over more than 52,000 delinquent loans from the National Home Mortgage Finance Corporation in 2006, BFS has resolved almost 40,000 mortgages. The mortgage servicer upholds that buying a house is a large investment for a Filipino, and understands the devastation Filipinos experience when their loan payments cannot be met due to unforeseen circumstances such as medical conditions that lead to extreme cases of poverty. In such cases, BFS offers the Social Case Window which allows existing delinquent borrowers to apply for additional waivers and discounts after an exhaustive examination of their submitted documents. One such accountholder in Davao City had two children suffering from severe lung problems. The monthly pension of her husband could only support their daily expenses and the medical needs of both sons; thereby depriving her of funds to settle her outstanding obligation with BFS for the repayment of their loan. After discussing her condition with BFS and providing the necessary paperwork for BFS to determine if she qualified for the Social Case Window, she was ecstatic to discover that BFS granted her request. As a result, she was able to redeem her property and take a large load off her back. She espouses...
Since 2009, Anafe Plasabas and her husband have been occupying a property whose mortgage was being serviced by BFS. The monthly retirement benefit of her husband, coupled with her income from her convenience store, is putting their children through school and taking care of their regular expenses. She realized that paying off her mortgage was also a regular expense, if not one that should be prioritized, since it provide them with the security that comes with legal homeownership. With BFS’ Home Saver Offer, Anafe was able to settle her loan at even less than the amount the discounted program had to...
BFS has yet another happy client. Julieta Icamen, a sales agent for memorial plans in Davao City, was able to avail of the special BFS program, Home Saver Offer. The program heavily discounts settlement amounts for 25-year defaulted loans so that longstanding borrowers or occupants can legally own properties they have been occupying. Julieta is thankful because BFS accepted her offer that was less than that provided by the...
After assuming a BFS home from an original borrower, Mr. and Mrs. Sales finally bought the home they had been occupying for several years. Through an afforadable resolution package, they were able to legitimately own their home. BFS, the pioneering mortgage servicer, provides affordable solutions for true...
BFS has yet another happy client. Laurence Lor, a sales agent for electrical products in San Jose Del Monte, Bulacan, was able to avail of the special BFS program, Fruits Of Your Labor. As an occupant of a BFS property, Mr. Lor wanted to secure a home for his children’s future. The program heavily discounts sales prices so that longstanding occupants can legally own properties they have been occupying. With an unemployed spouse, a working child, and another still in school, Mr. Lor made an offer which was less than that provided by the program. He and his wife were overwhelmed when BFS accepted their offer. BFS has provided legal homeownership to over 195,000...
