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...
Mr. Sixto Caluza is the happy owner of a BFS property as he displays the property title in his name. Having acquired a portfolio of over 52 thousand highly-defaulted mortgages from the NHMFC, BFS offer programs for affordable and legal homeownership to its existing delinquent borrowers and new buyers. Like Mr. Caluza, over 190,000 Filipinos have availed of these programs and are now happy residents in properties located in established communities throughout the country. BFS continues to service these accounts out of its offices in BGC and Davao City and can also be accessed through its website...
Gerard Juntaciego was searching for a property to buy for his family. Hearing of BFS’ affordable pre-owned properties, Gerard logged onto www.bfs.com.ph/properties to look for the perfect house for them to call home. Now, the Juntaciegos are the proud owners of a BFS home in Taytay. BFS offers pre-owned properties in established and mature subdivisions with good access to commercial and community establishments such as shopping malls and schools. Based in BGC and Davao City, BFS has provided homes to over 190,000...
For Jade Camerino, an opportunity presented itself to purchase a BFS foreclosed property at a low price for a business venture. With the perfect location, price, and lot size, Jade was happy to find the right instrument for investment in Dasmarinas, Cavite. BFS has properties in bustling communities throughout the Philippines. Working out of its BGC and Davao City offices, the company makes these investment opportunities available for business-minded...
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...
