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...
Few things bring more pride to parents than being able to buy a home for their child. Such was the case for Concordia Llamera who wanted to buy a townhouse for her daughter which was close to her own home. Mr. and Mrs. Llamera are pensioners who get additional financial support from their two children. They are proud owners of a BFS townhouse they acquired in 2004 and wanted to gift their child with the same. After identifying a townhouse just three doors down from their own, their knowledgeable Account Specialist walked them through the BFS Fruits Of Your Labor program which provides affordable pre-owned homes to interested buyers. The Llameras found not only that the pricing was reasonable and within their budget, but that the processing of their documents by their Account Specialist was quick and efficient. They advise each potential buyer to conduct due diligence on his intended property, its documentation, and the payment of its real property taxes in order to make an informed purchase. BFS is the country’s premier mortgage servicing company with offices in Bonifacio Global City and Davao...
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...
BFS is the pioneering mortgage servicer in the Philippines. With offices in Bonifacio Global City and Davao City, BFS services over 52 thousand highly-delinquent loans from the National Home Mortgage Finance Corporation. To date, it has resolved almost 40 thousand of these loans due to its flexibility in offering settlement options for Filipino borrowers. A public school teacher and sole breadwinner availed of the Social Case Window program which grants applicants with additional waivers and discounts if found eligible. In her case, the loan was settled for her Tagum City home even if funds from an external financier were not able to cover her full obligation since BFS approved her negotiated settlement...
