BFS awards homeownership

MANILA, Philippines - Danilo Hernandez had an accident and has been unemployed for a while his spouse, Zenaida provides tutorial services. Financial woes were the main reason why they could not keep their payments up to date.

They received notices from BFS in the past reminding them to settle their past due obligations. At first they were confused but they decided to go to BFS and seek assistance. The visit proved to be fruitful towards coming up with a resolution package that worked for them.

The Hernandezes received counseling from BFS’ highly trained Account Specialists and availed of the highly discounted cash settlement. As it is with most Filipino families, the children pitched in to save their home in Palmera Homes, Bo Bagumbong, Caloocan.   “Our children gave what they can realizing that this will be theirs in the future.”

Adds Zenaida, “after the payment was made, we all felt relieved and extremely happy. Even if we had to tighten our budget and make payments for our loans. Really, we should always settle our obligation on time because in the end, it will be a problem.”

Zenaida is all praises for her AS saying that she was a big help. She thanks BFS for the chance at homeownership. “We are blessed to have our home because of you.”

BFS, the premier special assets management and mortgage servicing company, has been resolving the 52,000 loan accounts of Balikatan Housing since 2005.