(The Philippine Star) Manila, Philippines – Selling fraudulent certificates of title remains one of the most widespread scams in the country. BFS (Bahay Financial Services), the only mortgage servicer and special asset management company, shares some pointers on how to avoid falling prey to scam artists making sure the copies of title are genuine. The transfer certificate of title (TCT), the Registry of Deeds’ (RD) copy and the owner’s duplicate should be identical in all aspects, including capitalization, punctuation marks, erasure and even typos. For reference, ask for the Registry of Deeds’ original copy and compare with the owner’s duplicate. The last two or three digits of the TCT number should be identical to the page number. The serial number (SN) of the title as arranged in the registry book consecutively numbered. Government agencies keeping a record of the serial numbers assigned to each registry are the Land Registration Authority, Land Management Bureau and the Department of Agriculture. The owner’s duplicate copy of the certificates of the title has the word ‘Owner’s Duplicate’ and the red seal. The original copy does not contain either of these. All judicial forms do not blot or stain the...
(Philippine Daily Inquirer) BFS, a mortgage servicer and special asset management company, calls on homeowners from Mindanao to avail of all possible mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It has recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao del Norte, Davao del Sur, and Davao Oriental) Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur) and the Autonomous Region of Muslim Mindanao or ARMM (Maguindanao, Sulu and Tawi-Tawi). Delinquencies were usually a result of missed payments because of other expense priorities such as payment of children’s tuition fees, seed money for business, and placement fees for family members with OFW’s. “What we are most concerned is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education. We urge the borrowers to take advantage of the various...
(Manila Bulletin) BFS, a mortgage servicer and special asset management company, calls on homeowners from Mindanao to avail of all possible mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It has recently reached out to delinquent loan borrowers in Southern Mindanao (Compestela Valley, Davao del Norte, Davao del Sur, and Davao Oriental), Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboaga del Sur) and ARMM (Maguindanao, Sulu and...
(Manila Standard Today) BFS, a mortgage servicer and special asset management company, is zeroing in on homeowners from Mindanao by offering them mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It has recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao del Norte, Davao del Sur, and Davao Oriental) Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur) and the Autonomous Region of Muslim Mindanao or ARMM (Maguindanao, Sulu and Tawi-Tawi). The Mindanao roadshow showed that more pressing priorities such as payment of children’s tuition fees, seed money for business, and placement fees for family members with OFW’s are the main reasons for delinquent payments. “What we are most concerned is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education,” said Federico Cadiz, President of BFS. “We urge the...
(People’s Journal Tonight) BFS, a mortgage servicer and special asset management company, calls on homeowners from Mindanao to avail of all possible mortgage financing options to avoid foreclosure. BFS handles the Balikatan portfolio of more than 52,000 highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It recently reached out to delinquent loan borrowers in Southern Mindanao (Compostela Valley, Davao del Norte, Davao del Sur and Davao Oriental), Northern Mindanao (Bukidnon, Lanao del Norte, Misamis Oriental), Central Mindanao (North Cotabato, South Cotabato, Sultan Kudarat), CARAGA (Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur), Western Mindanao (Basilan, Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur), and the Autonomous Region in Muslim Mindanao or ARMM (Maguindanao, Sulu, and Tawi-Tawi). It was found out on this Mindanao roadshow that priorities such as payment of children’s tuition, seed money for business, and placement fees for family members with OFWs are the reasons given for delinquent payments. “What we are most concerned about is that some of them said they do not know where the amortization should be paid, which redounds to lack of borrower education. We urge borrowers to take advantage of...
(Peoples’ Journal Tonight) Brigida Dorado shows off her property title after acquiring it through the help of Bahay Financial Services (BFS). Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation with more than half of the total number resolved. BFS provided proper procedures on how to pay debts so borrowers can finally resolve their loans and acquire their homes. BFS has branches throughout the Philippines and an outreach program of various communication channels to reach customers. For your mortgage and special servicing needs, you may contact BFS through 02.756.6234 or via email at...
