(People’s Journal) The selling of fraudulent certificate of title is one of the most common scams in the country. In General Santos City alone, there are about 6,000 who have been victimized by a syndicate which also seemed to have duped the government. BFS (Bahay Financial Services), the only mortgage services and special asset management company, shared some pointers on how not to fall prey to scam artists and make sure that the certificates of title you are holding are genuine. BFS has resolved more than 30,000 highly-defaulted home loan accounts and provided homes to more than 150,000 Filipinos. The Transfer Certificate (TCT), the Registry of Deeds’ (RD) copy and the Owner’s Duplicate should be identical in all aspects including, capitalization, punctuation marks, erasures 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 should be consecutively numbered. The Owner’s Duplicate copy of the Certificates of the title has the word Owner’s Duplicate and a...
Husband and Wife
(Bandera) Husband and wife, Mr. and Mrs. Marneli Respicio are now a part of many homebuyers who have been assisted by 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 since 2006. Through BFS full-service assistance, the Respicios are able to acquire a property they can now call truly their own....
Pre-owned homes a hit among investors
(Manila Bulletin) BFS, a mortgage servicer and special asset management company for a portfolio of more than 52,000 highly delinquent loan accounts, has noted an increase of purchases by investors. Federico Y. Cadiz, president of BFS, says there has been a marked increase in the number of home buyers who refurbish the pre-owned homes and resell them because they are a viable investment option. While BFS is one of the top choices among clients who hope to keep their homes through resolution and loan restructuring, BFS also has a portfolio of properties that make for good investments. “Investors know that the value of real estate property increases over time and BFS has made the foreclosed properties affordable, with easy payment schemes. That is why investors expect a good return,” explains Cadiz. Since 2005, BFS has provided home ownership for more than 25,000 Filipinos families around the country by helping them reacquire their homes through convenient means. Visit any of the BFS offices in Makati, Alabang, and Davao, or call BFS through trunk lines (02) 756-6230 or 750-3888, the Davao office direct through (082) 221-0809, call PLDT toll-free outside of Metro Manila and Davao through 1-800-10-2255-BFS (237); Text...
BFS offers thousands of properties in Cavite
(People’s Journal) With major infrastructure in the pipeline in Cavite, property developers and home buyers are rushing to acquire assets in the province, as these projects are expected to pave the way for rapid urbanization. With 41 industrial zones to boot, Cavite will soon host the R-1 extension, Daang-Hari Road (CALA East-West Road), North-South Road, CALA Expressway, LRT – 1 Extension, Ternate- Nasugbu Road and Sangley Point Port Development Project. “These projects will make it more enticing for homeowners to invest in housing because it becomes easier commuting for residents. There are many housing choices for buyers. Those working on a budget may opt to acquire a pre-owned property,” say Federico Y. Cadiz, president of BFS. BFS is the country’s only mortgage servicer and special asset management company for highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It also services loans and portfolios servicing different business segments, and has a number of housing property listings for sale. In Cavite, BFS has a total of 587 properties which may be acquired at affordable prices. “We have 350 properties in Dasmarinas alone, 81 in Bacoor, 79 in Imus, and 42 in Trece...
BFS offers thousands of properties in Cavite
(PJ Tonight) With major infrastructure in the pipeline in Cavite, property developers and home buyers are rushing to acquire assets in the province, as these projects are expected to pave the way for rapid urbanization. With 41 industrial zones to boot, Cavite will soon host the R-1 extension, Daang-Hari Road (CALA East-West Road), North-South Road, CALA Expressway, LRT – 1 Extension, Ternate- Nasugbu Road and Sangley Point Port Development Project. “These projects will make it more enticing for homeowners to invest in housing because it becomes easier commuting for residents. There are many housing choices for buyers. Those working on a budget may opt to acquire a pre-owned property,” say Federico Y. Cadiz, president of BFS. BFS is the country’s only mortgage servicer and special asset management company for highly delinquent loan accounts from the National Home Mortgage Finance Corporation (NHMFC). It also services loans and portfolios servicing different business segments, and has a number of housing property listings for sale. In Cavite, BFS has a total of 587 properties which may be acquired at affordable prices. “We have 350 properties in Dasmarinas alone, 81 in Bacoor, 79 in Imus, and 42 in Trece...
