Corporate News

Tips on how to spot fake titles

(The Philippine Star Online)   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...

How to spot fake titles

(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...

(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...

BFS launches discount campaign

(Business Mirror)   Buying a home is probably the largest single investment that most Filipinos will make in their lifetimes.  To help with the government’s goal for every Filipino to have a home to call his own, BFS has launched its most aggressive pricing campaign called “Fruits of your Labor.”   With over 2,000 pre-owned residential properties located in NCR, Bulacan, Cavite, Laguna, and other surrounding provinces, buyers may avail themselves of lots for as low as P55,000 and ask about additional discounts for cash purchases.   The properties are located inside progressive subdivisions and are close to main roads, good schools and shopping centers.   Since 2006, BFS is the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corp.  with more than half of the total number resolved.  BFS provides proper procedures on how to pay debts so borrowers can finally claim their houses.   To verify availability and the list of requirements, visit www.bfs.com.ph/property.  Fruits of your Labor campaign is available for a limited time...

Property Website Reaches Out to Entrepreneurial Home Buyers

(People’s Journal)   The entrepreneurial spirit of the Filipino is practically unmatched, with Pinoys being masters at finding opportunities to augment their incomes.   One such entrepreneur is Ms. Anabelle Maling.  She saw a poster of BFS Properties at a Camella subdivision and quickly looked it up on the company website, www.bfs.com.ph.  She found that the properties are truly affordable and easily paid with cash.  Her plan is to make minor upgrades to the building, then rent it out so that she can buy another property.   Maling is one of the many BFS Happy Homebuyers who rave not only about the great affordability of the properties listed on the BFS website, but also the reliability and credibility of BFS as a company.  “I want to buy more for rental.  I know that with BFS, properties are affordable and legitimate,” she adds.   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 has properties in developed subdivisions where communities have flourished and the surrounding infrastructure is set.  Metro Manila, Muntinlupa, Laguna, Cavite, Caloocan, Bulacan, and Pampanga are just a few of the areas where BFS...

Property Website Reaches Out to Entrepreneurial Buyers

(The Philippine Star)   The entrepreneurial spirit of the Filipino is practically unmatched, with Pinoys being masters at finding opportunities to augment their incomes.   One such entrepreneur is Ms. Anabelle Maling.  She saw a poster of BFS Properties at a Camella subdivision and quickly looked it up on the company website, www.bfs.com.ph.  She found that the properties are truly affordable and easily paid with cash.  Her plan is to make minor upgrades to the building, then rent it out so that she can buy another property.   “The transaction was great.  The process of providing the requirements was efficient and quick.  My BFS Sales Specialist was kind, constantly updating me on the status of my purchased property,” Ms. Maling narrates.   Maling is one of the many BFS Happy Homebuyers who rave not only about the great affordability of the properties listed on the BFS website, but also the reliability and credibility of BFS as a company.  “I want to buy more for rental.  I know that with BFS, properties are affordable and legitimate,” she adds.   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....