Press Room

BFS grants homeownership to a House Occupant

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...

Happy BFS Homeowner

Mrs. Violeta Hipolito proudly shows off the title to a BFS property that she acquired.  BFS services a portfolio of over 52 thousand highly-defaulted mortgages from the NHMFC and has provided legal homeownership to over 190,000 Filipinos through affordable settlement options for delinquent borrowers and discounted sales prices to occupants and buyers.  BFS accepts inquiries through its website ww.bfs.com.ph and at its offices in BGC and Davao...

BFS helps those in need

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...

Husband and Breast Cancer Survivor Wife buy a home from BFS

Joseph Llano and his wife have worked hard all their lives.  They put aside their dreams of homeownership while they provided for their children’s education so that their eldest is now working, their second is married, and their youngest is a fresh graduate seeking employment.  Unfortunately, before they could start looking for a home, the unexpected happened: Mrs. Llano was stricken with breast cancer and had to give up her job.  Although she is recovered from the disease, she has to continue taking medication to stay in remission. But the Llanos did not want to give up on their dreams.  In 2017, the quality control inspector and his wife started eyeing a BFS property in Dasmarinas, Cavite.  They found that BFS properties are the most affordable in relation to other property sales groups.  At the time, they didn’t have the funds and so planned to save their income in order to procure the property. In a year’s time, the Llanos were able to save enough to make an offer on the property.  They were delighted that their BFS Account Specialist was reliable in helping them through the process of homeownership in a quick and efficient manner.  Now, they are...

BFS is a hero in Bataan

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...

Happy BFS Homeowner

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...