(Manila Bulletin) BFS, a mortgage servicing and special asset management company, said it extended its loan condonation and restructuring program to help Balikatan borrowers realize their homeownership aspirations. The program, called the Panalo Max Offer, was first launched in April 2012 with the primary objective of offering 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,” said BFS Corporate Communication Head Juno Henares-Chuidian. “We want borrowers to be able to save their homes and get closure 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, Henares-Chuidian said. The response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as overseas workers. In spite of its past success, BFS urges the qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure...
(The Daily Tribune) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to 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 get closure 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,” said Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as OFWs. In spite of its past success, BFS urges qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure process does not stop until and...
(Malaya) BFS extended its loan condonation and restructuring program in continuing its effort to help Balikatan borrowers realize their homeownership aspirations. Called the Panalo Max Offer, the program was first launched in April 2012 and its primary objective was to 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 get closure 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,” explained Juno Henares-Chuidian, head of Corporate Communication. To date, the response for the Panalo Max Offer has been positive, with thousands of borrowers resolving their accounts which included Balikatan borrowers who were based abroad as OFWs. In spite of its past success, BFS urges the qualified Balikatan accountholders to resolve their accounts earlier since the foreclosure process does not stop until and unless...
(Abante) Masayang tinanggap ni Gng. Narnie Flores ang kanyang Transfer Certificate Title (TCT) mula kay BFS account specialist Marilen Brual para sa kanyang bahay at lupa sa Palmera Homes, Northwinds Bul BFS, Tagasulong ng Pangarap sa Bahay Naniniwala ang BFS, ang servicer ng 52,000 highly delinquent loan accounts mula sa National Home Mortgage Finance Corporation, sa pagbibigay ng pagkakataon na isulong ang pangarap ng mga Balikatan borrowers na magkaroon ng sariling bahay at lupa. Magmula nang hawakan nito ang nasabing mga loan accounts noong 2005, patuloy ang pagbibigay ng nito ng mga offer tulad ng Extended Panalo Max, nang sa gayon ay makapagresolba ang mga borrowers at magkaroon ng panibagong simula. Sa pakikipagtulungan sa BFS at dahil sa sariling pagsisikap, sina Julian Sy, Narnie Flores, Bonifacio Liston Jr, at Mary Jane Tolentino ay nakamit ang matagal nang pinapangarap – ang tuluyang maisaayos ang utang sa bahay at lupa at magkaroon ng pamana para sa mahal sa buhay. Sabi ni G. Julian Sy ng Villa Lina Subd, Balanga City, Bataan, “Masayang masaya kami at ang aking buong pamilya dahil naayos din. Kailangang kunin ang oportunidad gaya ng Panalo Max dahil mahalagang magkaroon ng sariling...
Masayang tinanggap nina G. at Gng. Manuel Lerio ang kanilang Transfer Certificate Title (TCT) mula kay BFS account specialist Sheila Casasola para sa kanilang bahay at lupa sa Crystal Plaza Subd, San Pascual, Batangas BFS: Seguridad para sa mga borrowers ngayon at bukas Magmula nang mailipat sa BFS ang pamamahala sa isang portfolio ng non-performing loans mula sa National Nome Mortgage Finance Corporation (NHMFC) noong 2005, nagsikap itong palawigin ang pagtulong sa pamilyang Pilipino tungo sa pinapangarap na bahay. Ang BFS ay ang kauna-unahang pribadong mortgage servicing company sa Pilipinas na siyang nagbibigay daan para ayusin ang nasabing mga non-performing loans na 10-15 taong nang hindi bayad. May higit sa 25,000 borrowers na ang nakapag-ayos ng kanilang pagkakautang sa bahay sa pamamagitan ng mga abot-kayang programang pang-resolusyon ng BFS gaya ng Extended Panalo Max. Ito’y patunay sa kagustuhan ng kumpanyang magkipagtulungan hanggang sa maging tagapag-may-ari ng bahay at lupa ang mga borrowers, at magkaroon ng seguridad. Sina Jennifer Figuerra, Wilfredo Alipio, Isidro Jandusay at Glenda Lerio ay kabilang sa libu-libong mga borrowers na natulungan ng BFS nitong nakaraang pitong taon. Sabi ni Jennifer Figuerra ng Welmanville Subd., Lucena City, “Lumaki ang aming utang sa matagal...
Masayang tinanggap nina Gng. Charity Fallarme ang kanilang Transfer Certificate Title (TCT) mula kay BFS account specialist Sheila Casasola para sa kanilang bahay at lupa sa Casa de Monteverde, GMA, Cavite. Panibagong Pagkakataon sa Tulong ng BFS Ang BFS ang kauna-unahang private mortgage servicing company na naglalayon isaayos ang portfolio ng non-performing loans mula sa National Home Mortgage Finance Corporation (NHMFC). Sa loob ng nakaraang pitong taon, nakikipagtulungan ang BFS sa pamamagitan ng paghahain ng mga programang pang-resolusyon tulad ng Extended Panalo Max na angkop sa laki ng utang, estado ng account at kakayahang magbayad ng mga borrowers. Hangad ng BFS na maresolba ang portfolio ng non-performing loans at magbigay ng panibagong pagkakataon. Sina Charity Fallarme, Nenita Ragonjan, Felix Irlanda at Manuel Capalaran ay kabilang sa higit sa 25,000 borrowers na natulungan ng BFS na maisaayos ang utang sa bahay at magkaroon ng bagong simula. “Salamat sa BFS dahil labis na nabawasan ang charges at penalties at nabayaran ko ang utang sa bahay,” ayon kay Gng. Charity Fallarme ng Casa de Monteverde, GMA, Cavite. “Kailangang maging masinop upang maiayos ang obligasyon sa bahay. Kailangan ding maging masinop sa pagbili ng ari-arian,” sabi naman ni Gng....
Masayang tinanggap ni Mrs. Eulogia Canillo ang kanyang Transfer Certificate Title (TCT) mula kay BFS account specialist Sheila Casasola para sa kanilang bahay at lupa sa Summerwind Village, Dasmarinas, Cavite. Taong 2005 nang magsimula ang BFS sa pagseserbisyo ng 52,000 highly delinquent loan accounts ng Balikatan Housing. Ang nasabing mga loan accounts ay nagmula sa National Home Mortgage Finance Corporation (NHMFC) at nasa may 10 hanggang 15 taon nang hindi nababayaran. Layunin ng BFS na makipagtulungan sa mga account holders upang magkaroon ng kalutasan ang pagkakautang sa bahay. Dahil pribadong kumpanya at may kakayanan sa mortgage servicing, nakapaghahain ang BFS ng mga produktong pang-resolusyon tulad ng Extended Panalo Max na may penalty at interest condonation upang maging abot-kaya ang bayarin sa mga borrowers. Sina Araceli Baltazar, Vivian Tabalan, at Rolando Canillo, mga Balikatan borrowers mula Cavite, ay ilan lamang sa mga naging mga lehitimong tagapagmay-ari ng kanilang mga bahay nitong taon. Kabilang sila sa libu-libong mga borrowers na naisaayos ang kanilang pagkakautang sa tulong ng BFS. “Alam kong may obligasyon ako sa aking pamilya na ayusin ang pagkakautang sa bahay upang hindi ito mawala sa amin. Salamat at napapunta sa BFS ang aking account,” sabi ni...
Ang pioneer mortgage servicing company na BFS ay patuloy na nakikipag-ugnayan sa mga Balikatan account holders at naghahanap ng paraan upang matulungan ang mga ito na malutas ang kanilang mga utang sa ari-arian. Mula nang mabigyan ng pagkakataon na maisaayos ang portfolio ng 52,000 delinquent accounts mula sa National Home Mortgage Finance Corporation (NHMFC) noong 2005, masikap ang BFS sa pagpapaliwanag ng mga resolution options upang maresolba ang mga housing loan obligations ng account holders. Ang BFS ay mayroong regional coverage, at ang kanilang mga account specialists ay regular na bumibisita sa mga account holders. Para sa kanilang Mindanao outreach, ang mga BFS account specialists ay nagsagawa ng door-to-door visits sa General Santos City upang ipaliwanag ang iba’t ibang mga resolution programs, katulad ng Panalo Max. Ang Panalo Max ay ang pinakahuling affordable settlement pricing offer ng BFS sa mga qualified borrowers, kung saan maaaring i-waive ang mga penalties at interes ng mga may utang. Nauna nang nagsagawa ng pagbisita sa mga barangay sa iba’t ibang lugar sa Luzon, katulad ng Laguna, Cavite, Bulacan, Batangas, at Rizal. “Ang pagsagawa ng mga monthly field visits ay nakakatulong sa BFS at sa aming mga account holders,” paliwanag ni Ma. Louella Ilustre,...
As Panalo Max came to a close on January 31, borrowers from Isabela to Zamboanga, trooped to BFS to avail of the opportunity to fix a long standing loan and become legitimate homeowners. They join the more than 24,000 Balikatan borrowers who decided to resolve and are now enjoying home equity. Panalo Max which ran for more than ten months offered 100% penalty condonation and up to 100% interest condonation. Panalo Max beneficiaries share how grateful they were to BFS. “I’m happy that we grabbed the opportunity because the recent Panalo Max offer truly helped us.” Rosanna Giron, Camella Homes, Ridgeview I, Muntinlupa City. “The Panalo Max discount was too good to be true. Thank you BFS for making one of my dreams come true.” Zenaida Legore, Pahanocoy Village, Bacolod City “Having been helped by BFS is a great blessing for me and my whole family.” Zaldy Tidadul , Villa Hermosa, Zamboanga City, Zamboanga Del Sur “Thank you BFS for understanding my situation and assisting me.” Epifania Barola, Melecia Homes, Cagayan de Oro City “We are extremely happy and relieved. Thank you BFS for giving us this opportunity to own our house.”...
A significant number of Balikatan borrowers have availed of BFS’ Panalo Max offer extension, joining more than 24,000 borrowers from Ilocos Norte to Southern Mindanao whose homes they now call their own. Initially offered in the first half of 2012, Panalo Max presented special discounts to qualified accounts, with borrowers being given the opportunity to resolve their loans for below the principal loan amount and without paying interests or penalties. “Panalo Max is one of the ways for BFS to help the borrowers we service to resolve their outstanding loans,” explains Juno Henares-Chuidian, BFS’ Head of Corporate Communication. “We do extensive outreach and constant communication, as well as provide account holders with platforms to get in touch with us. Once in touch, we offer affordable resolution packages that provide instant home equity.” BFS’ outreach has led to many account holders being grateful for the opportunity to resolve long-standing obligations. “I know that I must be responsible enough to settle my account on time to avoid foreclosure,” says Danilo Tavas of Novaliches, Quezon City. “Thankfully, BFS provided us with a reasonable and favorable way to settle our loan.” “I finally stopped worrying about losing the...
