(People’s Journal) Mark Acierto of Sta Rosa, Laguna proudly shows off the titles of his brand-new properties acquired through BFS, the mortgage service provider of 52,000 delinquent loans from the National Home Mortgage Finance Corporation. More than half of the total number of delinquent loans was resolved by BFS. Aiming to start future projects, Acierto was able to obtain his new properties through a BFS account specialist who guided him through the correct procedure of buying property. BFS has committed to offer Balikatan borrowers with different financial options to avoid foreclosure. These include basing resolution amounts on current appraised values instead of outstanding principal balance, and partially condoning of penalties and...
(Manila Bulletin) Romeo and Rebecca Calza (in photo, left) are new happy homeowners with the help of BFS, the mortgage servicer of more than 52,000 Balikatan delinquent loans from the National Home Mortgage Finance Corporation. BFS now has the reputation of having more than 60% of the total number of delinquent loans resolved. A BFS Account Specialist guided the couple through the correct procedure of getting their new property, which they could finally pay for even with tuition payments for their children. Then company 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 balance and partial condoning of penalties and...
(Malaya) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again. Since 2006, 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 balance, and condoning of penalties and...
(PJ Tonight) Salvation Tenorio of Quezon City shows off the title of the property she obtained with the help of BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation, with more than half of the total number resolved. The new home will provide Tenorio a new start now that she has become single once again. Since 2006, 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 balance, and condoning of penalties and...
(Business Mirror) BFS, the exclusive mortgage servicer and asset manager of Balikatan Housing Finance Inc. for its multi-billion peso residential loan mortgage portfolio, recently launched its Social Window Program (SWP)for account holders who have been experiencing difficulties settling their loans due to extreme proverty or serious illness. SWP aims to provide Balikatan account holders more options in settling their loans. Borrowers who believe they qualify should apply to the program if they can show proof of their hardship. “Some are trying their best to save their homes, but cannot make it happen because of extreme difficulties. Through SWP, we are giving concessions to those who have difficulty making ends meet, and we have been doing our utmost to help our account holders meet their obligations” BFS President Federico Cadiz said. Established in 2005, BFS helps delinquent borrowers resolve their accounts when their residential home loans become delinquent. It offers different options to avoid foreclosure, which include basing resolution amounts on current appraised values instead of outstanding principal balances. 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...
(Dyaryo Ngayon) Mula nang maging tagapamahala ng isang residential loan portfolio na may 52,000 highly delinquent accounts mula sa National Home Mortgage Finance Corporation (NHMFC) noong 2006, ang mortgage servicing company na BFS ay patuloy na nagpapatupad ng mga best asset management practices. Sa pamamagitan ng kanilang property management unit, pinangangasiwaan ng BFS ang daan-daang abandoned o foreclosed properties na matatagpuan sa 200 barangay sa buong Pilipinas. Pinamamahalaan ng BFS ang lahat ng aspeto ng property management, upang matiyak ang marketability ng mga ari-arian na ito. Nakikipagtulungan ang BFS Property Management Services sa iba’t ibang service partners na siyang nagpapadala ng mga tagapangalaga at tagapagpanatili ng seguridad ng mga ari-ariang hawak nito. Dahil dito, nakakatulong sa paggawa ng trabaho ang BFS, at nakasisiguro na mas maayos ang pakikipag-ugnayan ng mga komunidad at ng mga awtoridad sa pag-aalaga ng mga ari-arian laban sa illegal occupancy. Tinitiyak din ng BFS Property Management Services na ang mga ari-arian ay nasa mabuting kundisyon. Nire-repair ang mga ari-arian kung kinakailangan, upang maiwasan ang pagkasira. Dahil dito, nase-secure ang property insurance, nababayaran ang real property taxes, at nalalagyan ng kuryente at ibang utility services ang mga ito. Ang lahat ng...
