Press Room
Brand-new properties thanks to BFS
(PJ Tonight) Mark Acierto of Sta. Rosa, Laguna proudly shows off the titles of his brand new properties acquired through 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. 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 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 partially condoning of penalties and...
new start begins
(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...
Happy homebuyer
(Manila Bulletin) Dionisio Erlindo from Loma de Gato, Marilao Bulacan is now a homebuyer after he received the title of the land he bought for his son from an original borrower of BFS. Dionisio was assisted by BFS account specialists go to through the correct procedure of the purchase to get his transfer of Transfer Certificate of Title in two years. Since 2006, BFS has been the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corp. with more than half of the total number...
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...
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...
