Corporate News
Loan Condonation, Restructuring Extended
(Sunstar Davao) BFS extended its loan condonation and restructuring program in continuing its effort tohelp Balikatan borrowers realize their homeownership aspirations. The program, called ‘Panalo Max Offer’, was launched last April 2012 with an objectiveto offer highly discounted terms for delinquent Balikatan borrowers as well as other term financing resolutions depending on the status of borrowers’ accounts. “It has been BFS’ policy that foreclosure is a last resort and least preferred option in resolution situations. We want borrowers to be able to save their homes and ge tclosure rather than see them go through foreclosure and eviction because of one reason or another. This is what the Extended Panalo Max Offer represents – a “helping hand” extended by BFS in realizing our borrowers’ dreams of homeownership,” JunoHenares-Chuidian, Head of Corporate Communication said. The Panalo Max Offer has received positive response from thousands of borrowerswho have resolved their accounts, including overseas Filipino workers (OFWs). BFS urged qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure process does not stop until and unless they enter into a loan settlement agreeement with Balikatan. The Extended Panalo Max Offer runs up to September 23,2013. The...
Pre-Owned properties offer affordable alternative to prospective home buyers
(The Philippine Star Online) As the country’s property sector continues to boom, there is growing concern that the middle to lower-income markets may be pushed to the wayside as developers launch more housing and condominium projects geared for upscale buyers. Fortunately, a viable alternative to buyers looking for affordable housing is now made easily available in the form of “pre-owned” (or foreclosed) properties. Pioneer mortgage servicing company BFS offers a range of these affordable homes and assists prospective buyers throughout the process of acquiring these properties. “BFS set a track record for selling pre-owned properties. Over the past 5 years, BFS has sold over 4,000 pre-owned properties nationwide, with a bulk of these located in Laguna, Cavite, Bulacan, Rizal, Caloocan City, and Muntinlupa City, where infrastructure has gained a foothold, economies have flourished, and communities have grown,” says Alexis Ortiga, Head of Property Sales. “We welcome the opportunity to help Filipinos become homeowners instead of renters,” says Alexis Ortiga, Head of BFS Property Sales. “More than just providing affordable housing, we also offer very attractive payment packages and healthy discounts.” Ortiga advises that prospective buyers must thoroughly understand the product. Ortiga continues, “Our products...
Pre-Owned properties offer affordable alternative to prospective home buyers
(The Philippine Star) As the country’s property sector continues to boom, there is growing concern that the middle to lower-income markets may be pushed to the wayside as developers launch more housing and condominium projects geared for upscale buyers. Fortunately, a viable alternative to buyers looking for affordable housing is now made easily available in the form of “pre-owned” (or foreclosed) properties. Pioneer mortgage servicing company BFS offers a range of these affordable homes and assists prospective buyers throughout the process of acquiring these properties. “BFS set a track record for selling pre-owned properties. Over the past 5 years, BFS has sold over 4,000 pre-owned properties nationwide, with a bulk of these located in Laguna, Cavite, Bulacan, Rizal, Caloocan City, and Muntinlupa City, where infrastructure has gained a foothold, economies have flourished, and communities have grown,” says Alexis Ortiga, Head of Property Sales. “We welcome the opportunity to help Filipinos become homeowners instead of renters,” says Alexis Ortiga, Head of BFS Property Sales. “More than just providing affordable housing, we also offer very attractive payment packages and healthy discounts.” Ortiga advises that prospective buyers must thoroughly understand the product. Ortiga continues, “Our products are...
Mga Komunidad, Napapaunlad sa Tulong ng Property Management ng BFS
(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...
BFS provides housing options
(Malaya) BFS, the pioneering mortgage servicing and special asset management company, joined the 2012 Housing Fair held recently at the SMX Convention Center. With a nationwide inventory of pre-owned homes, BFS caters to people who are looking for attractive buys at value for money basement level prices. “One of the things that we have to acknowledge in the Philippine housing sector is that not everyone can afford the high prices of homes in the market today. BFS is offering value for money through a wide inventory of idle properties in strategic locations. These are primarily located in developed subdivisions in Laguna, Cavite, Bulacan, Rizal, Caloocan City and Muntinlupa City and are closer to the city centers where the activity is,” says BFS Head of Property Sales Alexis Ortiga. “These present a good and cost effective alternative, especially for both entry level home buyers and investment buyers,with homes selling at prices ranging from P150,000 to P2,000,000 for a house and lot...
BFS extends 2D MAX Offer
BFS continues to offer its most aggressive sales discount due to the overwhelming demand for affordable homes. Eligible spot cash buyers may enjoy up to 50% discount on select pre-owned properties nationwide from Metro Manila, Bataan, Bulacan, Cavite, Camarines Norte, Davao, Laguna, Pampanga, Quezon, Rizal, and Tarlac among others. BFS Property Sales has long been offering Pinoys with a cost effective alternative to purchase their own houses. While some of these are still subject to foreclosure and title consolidation proceedings, buyers are presented with a rare opportunity to own the homes at bargain prices. Click on the link below to find out more about our available properties and be on your way to finally owning your home. Click here to learn more about our 2D Max offer. * Prices and discounts are subject to change at any time and do not include closing fees and other charges. ** Discounts apply only to spot cash...
