(PJ Tonight) Shirley Sedurifa, joined by her husband and her BFS account specialist, holds the title to the property that she finally was able to own, thanks to BFS, the mortgage servicer of 52,000 delinquent loans from the National Home Mortgage Finance Corporation. Sedurifa recently lost her job and could not find any way to pay off the loan for her home as she has to prioritize providing for her three children. The BFS account specialist assigned to Sedurifa show her the correct steps to finally obtain her title. BFS has resolved more than 35,000 accounts, thereby providing legitimate homeownership to more than 175,000 Filipinos and committing further to offer Balikatan borrowers 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...
In our efforts to reach out to our valued Balikatan clients, BFS is launching the HOME SAVER OFFER for qualified Balikatan accountholders. Even if a property has already been foreclosed by the courts or scheduled for eviction, BFS maintains an “open-door” policy for qualified clients who want to save their homes from the court’s foreclosure process and ultimately, legitimize their homeownership. Qualified accountholder are eligible to avail of our special highly-discounted one-time cash settlement. This offer is valid for a very limited time only. Maging kabilang sa libu-libong Balikatan clients na natulungan na ng BFS na ma-resolba ang kanilang mga past due loans sa abot-kayang settlement amount! Please contact your Account Specialist now or get in touch with us through the following: Home Saver Hotline: Manila – 77503888; Davao – (082) 221-0809 Email: homesaver@bfs.com.ph Text line: 0922-9999237 (text: BFS name, account number, message) Web: staging.bfs.com.ph Do not miss the opportunity of fully legitimizing your homeownership and a place you can finally call your own. You may also inquire about our term-financing resolutions depending on the current status of your...
PAST DUE BALIKATAN LOANS Why do I need to resolve with BFS? The LMA contract I signed was for 25 years; why do I have to resolve now? The National Home Mortgage Finance Corporation (NHMFC) sold your account to Balikatan in 2005. NHMFC sent a Notice to Assignment to all borrowers, with advice that only Balikatan’s mortgage servicer, BFS, is authorized to transact with you. The LMA contract states that the payments were to be made in regular monthly installments over 25 years. The payments were not made regularly and the loan is now delinquent. It is in your interest that the loan be resolved now in order to own your home and avoid foreclosure. Delaying resolution also increases the settlement amount due to increased foreclosure costs. Can I have my account returned to NHMFC? I have payments with NHMFC, where are they? Can I just continue the monthly amortizations I paid with NHMFC? Your account cannot be returned to the NHMFC. Your payments with the NHMFC were applied to your settlement amount. If you believe there are payments which you made and were not credited, please reconcile with the NHMFC. Until proven otherwise, BFS will use the NHMFC...
