For Danilo Bedia, all it took was a discussion with a friend about buying a BFS pre-owned property for business. Finding a property close to his home was an added bonus since it would be easier to monitor his rental. Located in growing communities close to shopping malls, groceries, schools, and churches, BFS properties present an investment opportunity to those interested in making income from rental...
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...
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...
BFS is the pioneering mortgage company in the Philippines which aims to settle mortgages which have been overdue for more than 20 years. It services over 52 thousand delinquent loans from the National Home Mortgage Finance Corporation, of which almost 40 thousand have been resolved. BFS Account Specialists manage their own portfolios of accounts, negotiating daily to find proper customized settlement options for their clients. The Home Saver Offer program is designed to find the most optimal settlement amount for each account. With large discounts and condonation of interest and penalties, the program has allowed thousands of BFS clients to resolve their accounts and obtain legal homeownership over the properties they have occupied for decades. This is the case in Bataan where many borrowers have been able to pay off their obligation. Constantly worried that they would lose their tenancy, these Bataan residents sought the help of family and friends to consolidate enough funds to settle their accounts. Whether widowed or with a limited income, borrowers were able to come to an agreement with their Account Specialists, even if settlement amounts were lower than what were offered by the Home Saver Offer. The full payment of the loans guaranteed...
Many BFS borrowers in Cavite have a lot in common. Other than being single career women, they are incessant savers, and have occupied properties with long outstanding mortgages. Managed by BFS, these mortgages dated back to the 1990s and were severely delinquent for over 20 years. These borrowers were constantly contacted by BFS to settle their obligations as the company assured these ladies that legal homeownership was the way to go. They were delighted when they received the Home Saver Offer. Armed with savings and the will to settle, they discussed their offers with BFS and reached agreements to finally pay off their loans. Despite the final amounts being lower than what was provided in the Home Saver Offer, BFS granted their settlements. BFS’ Home Saver Offer is only one of the many programs the Philippines’ pioneering mortgage servicer has to offer. Situated in Bonifacio Global City and Davao City, the company designs innovative ways to settle outstanding mortgages from its portfolio of over 52 thousand loans from the National Home Mortgage Finance...
