Having taken over more than 52 thousand highly-defaulted loans from the National Home Mortgage Corporation in 2005, BFS constantly seeks settlement options with the hopes that borrowers will be able to finally be proud owners of the homes they have been occupying. As a result, BFS has resolved over 40 thousand home mortgages and provided homes to more than 200 thousand Filipinos. In some instances, those occupying these homes are not original borrowers but individuals who have assumed habitation. Such assumptions of occupancy do not give the new individuals rights to the homes as the mortgages still need to be settled. In some cases however, extenuating circumstances deny such individuals from being able to procure the properties. Such a circumstance was that experienced by Pandaan’s family of Dasmarinas, Cavite. They received a letter from BFS asking them to settle the mortgage attached to their occupied property. BFS granted Ramon Pandaan a highly-discounted settlement amount in order to settle the obligation. After processing the documentation and making the proper payment, the Pandaan family now has legal ownership of the house in which they brought up their family. BFS has offices in Bonifacio Global City and Davao City, servicing clients who...
In the last few years, Bacoor, Cavite has progressed exponentially. From a municipality, the area was granted cityhood in 2011 and has a population of over 600 thousand people. One of its residents, Ronito Ponce, acquired his Springville Subdivision home from BFS after hearing about its good reputation from Pag-Ibig. With the perfect location and affordable price, the property was a good fit for Mr. Ponce. When asked how his experience was with BFS, he says, “Mairekomenda naming kasi maayos and proseso”. (We can recommend them because the processing was easy and efficient.) BFS took over more than 52 thousand delinquent loans from the National Home Mortgage Corporation. Through its various resolution and sales programs, BFS has provided legal homeownership to its borrowers and buyers, and put roofs over the heads of more than 190,000 Filipinos. BFS operates out of its offices in BGC and Davao City, working out packages for its...
Mrs. Violeta Hipolito proudly shows off the title to a BFS property that she acquired. BFS services a portfolio of over 52 thousand highly-defaulted mortgages from the NHMFC and has provided legal homeownership to over 190,000 Filipinos through affordable settlement options for delinquent borrowers and discounted sales prices to occupants and buyers. BFS accepts inquiries through its website ww.bfs.com.ph and at its offices in BGC and Davao...
Very few circumstances can be more terrifying than facing unexpected family circumstances. This is further compounded when those affected live on limited incomes, and the unanticipated expenses can leave family members feeling insecure about their future. BFS, the pioneering mortgage servicer in the Philippines, has a program for property buyers who face such life-altering conditions. With the Social Case Window, BFS is able to grant additional waivers on property sales prices after processing applications by eligible buyers. Thanks to this program, Adrian and Melanie Mariano of Golden City Subdivision in Dasmarinas, Cavite are now the proud owners of the house they have been living in for many years. Due to an unexpected pregnancy, Melanie fell into unemployment while her spouse was able to continue working at the Bureau of Fire Protection. With the impending arrival of a child, their income would barely cover their basic needs. But the couple wanted to secure a home for their growing family and learned from the cousin of Melanie’s mother that BFS was homes at affordable prices. The Marianos made an offer below the selling price for the property but BFS responded with a slightly higher settlement amount. With dignity, Adrian decided to...
Joseph Llano and his wife have worked hard all their lives. They put aside their dreams of homeownership while they provided for their children’s education so that their eldest is now working, their second is married, and their youngest is a fresh graduate seeking employment. Unfortunately, before they could start looking for a home, the unexpected happened: Mrs. Llano was stricken with breast cancer and had to give up her job. Although she is recovered from the disease, she has to continue taking medication to stay in remission. But the Llanos did not want to give up on their dreams. In 2017, the quality control inspector and his wife started eyeing a BFS property in Dasmarinas, Cavite. They found that BFS properties are the most affordable in relation to other property sales groups. At the time, they didn’t have the funds and so planned to save their income in order to procure the property. In a year’s time, the Llanos were able to save enough to make an offer on the property. They were delighted that their BFS Account Specialist was reliable in helping them through the process of homeownership in a quick and efficient manner. Now, they are...
