BFS, the mortgage servicer for the Balikatan accounts, recently launched the Social Case Window Program for the Filipino-in-need. “We have seen individuals trying their best to save their homes, but due to extreme hardship cannot make it happen,” starts BFS. “We have been the sole entrant in the business of mortgage servicing in the Philippines for eight years, and have seen cases like this. As we are committed to doing all we can to help any hardworking accountholder resolve his loan, we have to make special cases for those who can’t make ends meet due to extreme circumstances such as terminal illness. This is what led us to launching the Social Case Window Program.” “Our accountholders are important to us. Their welfare and homeownership are foremost on our minds. This is especially true of those who are in dire straits and work hard to resolve but still cannot make the cut. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship,” shares BFS. “Since we acquired the Balikatan portfolio eight years ago, BFS has found different ways to reach out and make itself available to its borrowers. Aside...
In our efforts to reach out to our valued Balikatan clients, BFS is launching the HOME SAVER OFFER for qualified Balikatan accountholders. Even if a property has already been foreclosed by the courts or scheduled for eviction, BFS maintains an “open-door” policy for qualified clients who want to save their homes from the court’s foreclosure process and ultimately, legitimize their homeownership. As a qualified accountholder, you will be eligible to avail of our special highly-discounted one-time cash settlement. This offer is valid for a very limited time only. Avail of additional discounts if you resolve your account earlier! Availment Period, From May 15 to July 15 2014,Best and Highest Savings From July 16 to September 15 2014,Better Savings From September 16 to October 30 2104,Great Savings * This one-time cash payment is exclusive of fees where applicable (e.g. processing fee, appraisal fee, and legal fees incurred for foreclosure) Maging kabilang sa libu-libong Balikatan clients na natulungan na ng BFS na ma-resolba ang kanilang mga past due loans sa abot-kayang settlement amount! Please contact your Account Specialist now or get in touch with us through the following: Home Saver Hotline: ,Manila – (02) 756-6230;,Davao –...
Each Balikatan borrower is encouraged to contact his/her Account Specialist right away for the newest special offer, the HOME SAVER OFFER. The program allows borrowers to enjoy the most affordable settlement packages so that they may finally call the properties their own. As with all BFS programs, the offers are customized to each account that take into consideration total past due obligation, account history, and capacity to pay. The program offers to counter the court foreclosure process to maximize borrower resolutions outside of foreclosure. Letters have been sent out to qualified borrowers, and Account Specialists are calling their assigned accountholders. Each borrower who has not received a letter or a phone call should contact his/her Account Specialist and inquire about the program. Borrowers may visit any of the BFS offices in Makati, Alabang, and Davao, call BFS through trunklines 756-6230 or 750-3888, call the Davao office direct through (082) 221-0809, or call PLDT toll-free outside of Metro Manila and Davao through 1-800-10-2255-BFS (237). BFS is also reachable through Text Number 0922-9999-BFS, via email at HomeSaver@www.bfs.com.ph, and real time online by accessing www.bfs.com.ph and clicking on B-Online. ...
BFS recently launched the new HOME SAVER OFFER for qualified Balikatan clients with delinquent mortgages. For a limited time, account holders may be qualified to avail of the most affordable settlement yet. For Balikatan accountholders who have delinquent mortgages dating as far back as 29 years, BFS, the official mortgage servicer of Balikatan, continues to provide special offers so that borrowers may resolve their accounts and save their homes. The program offers to counter the court foreclosure process to maximize borrower resolution outside of foreclosure. Letters have already been sent out to qualified borrowers stating the specifics of their accounts and their BFS customized offers, and calls are being made by their Account Specialists in advance of the letters being received. If, for any reason, they have not received their letter or a phone call, borrowers should contact BFS and inquire about the program. Balikatan account holders may visit any of the BFS offices in Makati, Alabang, and Davao. They may also call BFS through trunklines 756-6230 or 750-3888, call the Davao office direct through (082) 221-0809, or call PLDT toll-free outside of Metro Manila and Davao through 1-800-10-2255-BFS (237). BFS is also reachable through Text...
(The Philippine Star) When residential home loans become delinquent, borrowers are hard put to resolve their accounts to avoid spiralling penalties and interest. Fortunately for borrowers of Balikatan accounts, they are given a chance at legitimate homeownership through the efforts of BFS, the Philippines’ premiere mortgage servicing company. BFS has committed to offering Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amounts on current appraised values instead of outstanding principal balances, and partial condonation of penalties and interest. BFS reaches out to allow the borrowers to obtain legitimate homeownership. As a result, BFS has resolved more than 26,000 accounts from the Balikatan portfolio, providing housing for more than 100,000 Filipinos. “BFS is devoted to helping Filipinos find ways to resolve their outstanding loan obligations so that they feel the security of homeownership and can bequeath a homestead to their children instead of a debt,” says BFS president Federico Cadiz. “We constantly reach out to Balikatan borrowers to discuss options since financial resolution is the route we prefer to take, which ultimately benefits the borrowers. Having an opportunity like this is unprecedented in the Philippines. Instead of a debt for life...
(People’s Journal) Musni couple (left and center) receive the title to their own house from an account specialist (right) of mortgage servicer BFS, which helped them pay off their housing debts. Musni is one of the many borrowers which BFS has assisted in settling home loans at a much lower price. Since 2006, BFS has assisted with over 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number...
