BFS pre-owned homes a hit among investors

MANILA, Philippines - While pre-owned homes remain a popular choice among first-time buyers, there has been a marked increase in the number of investment buyers – those who refurbish the pre-owned homes and resell them as a viable investment option.

BFS, the country’s only mortgage servicer and special asset management company for a portfolio of more than 52,000 highly delinquent loan accounts, noted an increase of such purchases by investors.

“Investors know that the values of real estate property increase over time and BFS has made the foreclosed properties affordable, with easy payment schemes; that is why investors expect a good return,” said Federico Y. Cadiz, president of BFS.

He said while BFS is company-of-choice among clients who hope to keep their homes thru resolutions and loan restructuring, the firm also has a portfolio of properties which make for good investments.  

BFS was set up precisely to manage such a portfolio by establishing a mortgage platform which manages all core competencies for servicing including loan origination, loan underwriting, loan servicing, credit management, valuation, default management, loss mitigation, property management and sales, and secondary market distribution.

Since 2005, BFS has provided homeownership for more than 25,000 Filipinos families around the country by helping them reacquire their homes through convenient means.

BFS has a long list of properties in key cities around the country: Luzon (Nueva Ecija, Vizcaya, Oriental Mindoro, Bulacan, Cavite, Rizal, Laguna, Palawan, Zambales, Batangas, Tarlac, Isabela, Camarines Norte, Cabanatuan, Albay, Bataan, Quezon, Pampanga, Pangasinan and Metro Manila), Visayas (Cebu, Negros Occidental, Iloilo, Capiz) and Mindanao (Agusan del Norte, South Cotabato, Davao del Sur, Davao del Norte, Misamis Occidental, Lanao Del Norte, Maguindanao, and Surigao del Sur). 

Balikatan account holders may visit any of the BFS offices in Taguig, Alabang and Davao. They may also call BFS through trunklines756-6230, or via email at [email protected], or its website at www.bfs.com.ph.