Property Sales News | BFS Properties

Tips on how to spot fake titles

(Business Mirror) 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 paper...

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...

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...