(People’s Journal Tonight) Mindanaoans from Davao del Sur, Davao City, Cagayan de Oro City, and General Santos City thank BFS for helping in settling mortgages at a lowered settlement amount. BFS is the mortgage servicer for 52,000 highly-delinquent loan accounts from the National Home Mortgage Finance Corp. Its program, Extended Panalo Max, assists Balikatan borrowers who want to resolve their outstanding mortgage obligations. In photo, borrower Ysa Acac of Rosario Village, General Santos City, South Cotabato, receives her Transfer Certificate of Title from her BFS account...
(The Philippine Star) BFS extended its Panalo Max program to allow delinquent borrowers to become delighted homeowners after up to fifteen years of default on their mortgages. The new homeowners are ecstatic about legitimizing homeownership after years of their homestead issues hanging in the balance. BFS’ resolution philosophy is to provide positive home equity for Filipinos. Equity is the market value of a property less debt. As one pays off the loan to the home, the equity appreciates. In addition, BFS bases resolution amounts on appraised values of the properties. Panalo Max brings down costs further and offers 100% penalty condonation and up to 100% interest condonation for many qualified borrowers. Since the second quarter of the year, the response has been positive with borrower resolutions from Metro Manila, Cavite, Bulacan, Laguna, Rizal, Batangas, Bataan, Pampanga, General Santos, Davao, Cagayan de Oro, Bacolod, and Iloilo. BFS, the country’s only mortgage servicing and special asset management company, continues to find ways to assist borrowers with their outstanding and overdue loan obligations. It relaunched Panalo Max this year as part of its remedial management program to encourage delinquent borrowers to resolve and help save their...
Ms. Lourdes Jayme happily receives her Transfer Certificate of Title from her BFS account specialist. “Daghan kaayong Salamat sa BFS”. Mindanaoans are thankful to BFS, mortgage servicer for 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation. Since 2005, the company has paved the way for Filipino families to obtain genuine and legitimate homeownership. Through constant dialogue, including field visits, by dedicated account specialists, borrowers were guided into making the right decisions to enable them to own their homes. Juno Henares-Chuidian, Head of Corporate Communication explains, “BFS offers special discounts based on the unique status of each qualified account. These offers are consistent with our goal to provide positive home equity for Filipinos,” Jocelyn Undangan, Lourdes Jayme, Monina Edralin, Mildred Millanes and Ysa Acac, all from Mindanao, now join the thousands of BFS happy homeowners throughout the country. Ms. Jocelyn Undangan of Cabantian Country Homes, Davao, Davao del Sur says, “Thank you BFS for the opportunity to resolve at a lowered settlement amount.” “BFS was there to help us find ways to redeem our properties. Everyone deserves to be given the opportunity to save their property. I wish BFS more power!”...
(Business Mirror) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the extended Panalo Max Offer represents – a ‘helping hand’ extended by BFS in realizing our borrowers’ dreams of homeownership,” explained Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as overseas Filipino workers. In spite of its past success, BFS urges the qualified Balikatan account holders to resolve their accounts earlier since the foreclosure process does not stop until...
(Business Mirror) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the extended Panalo Max Offer represents – a ‘helping hand’ extended by BFS in realizing our borrowers’ dreams of homeownership,” explained Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as overseas Filipino workers. In spite of its past success, BFS urges the qualified Balikatan account holders to resolve their accounts earlier since the foreclosure process does not stop until...
(Business World) BFS, a mortgage servicing and special asset management company, said it extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and get closure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” said Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as OFWs. In spite of its past success, BFS urges the qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure process...
