Homeowners, Balikatan negotiate for experimental moratorium

Mar. 05, 2009

Homeowners, Balikatan negotiate for experimental moratorium

DAVAO CITY — The Davao City Federation of Homeowners Associations (DCFHA) is pushing for an experimental moratorium to defuse the continuing crisis brought about by the resumption of foreclosure activities by the Balikatan Housing Finance Incorporated and its Davao City-based subsidiary Bahay Financial Services (BFS).

The so-called experimental moratorium was a counter-proposal raised by Romy Sabaldan, DCFHA chairman of the committee on membership, and agreed on by all the members of the Executive Committee of DCFHA in a talk with top BFS official in Davao through a meeting arranged by councilor Danilo Dayanghirang of the Sangguniang Panlungsod of Davao City.

The DCFHA made the counter-proposal following request by Carina Cruz, head of the Davao-based BFS, for the federation to encourage its members to just come and negotiate with them following a drastic decline of BFS visits by homeowners to their Plaza Luisa suite along Ramon Magsaysay Avenue, this city.

“Help us defuse the housing crisis first through a trial-run moratorium of say six months to one year and we can call on those who can pay to pay according to terms agreeable to both parties.” Sabaldan told BFS officials during the meeting.

Cruz was amenable to the proposal and the offer of help by federation officials to speed up collections of payments. But she can only promise to immediately bring up the matter to their Makati-based head office who will ultimately decide on the proposal.

The BFS official in Davao has promised to immediately bring in top corporate communications lawyer Gerard Paez back to Davao to further discuss the issue.

Richy Nalagon, DCFHA president, said “for all you know it might even help Balikatan and BFS to speed up its collections in an atmosphere that is harmonious and agreeable to both sides.”

One of the best ways to defuse the situation is to give homeowners hope and a chance to find ways and means to come to terms with the business side of the issue, not by compulsion or under duress, Dayanghirang, founding chairman of DCFHA said. (PIA XI/PR)

  • Jesse Q.Benitez

    Thanks to Danilo Dayanghirang for his proposal and to Carina Cruz for her sincere intention in bringing the problem to its end.

    I have a Unit in Youngsville Subd.,Igpit,Opol,Mis.,Oriental.IT is foreclose now but I am sending several letters to Manila that I am welling to pay in terms or to pay it one time cash at the amount of One Hundred Fifty Thousand (P150,000.00)Pesos-but until now I don’t received a reply from Manila bfs.

    I hope Carina Cruz can help me to answer my problem or to facilitate what and how to pay my unit in the best way we can.

    Thanks and more power.

    Jesse Q.Benitez

  • Donna Jessa E. Fabre

    Good pm! This is Donna Jessa E. Fabre. I am interested of one of your housing units located at Youngville Subdivision, Igpit, Opol, Misamis Oriental. Will you help me know what is the first thing to do to buy and own the unit?

    Thank you for your favorable response!

  • novap ogirdor


  • Mitzi Salupan

    I just want to inquire if their are still available units for sale in YOUNGSVILLE SUBD.,IGPIT OPOL MISAMIS ORIENTAL.If their is kindly reply me what block and lots are available and may I have your contact number please I am really interested..Thanks and God Bless..

  • Kailan ko po makuha ang title?
    kasi meron na akong na tanggap
    na letter, pero walang iskedyul
    kung kailan kami punta ng davao.

  • ronald dave

    hi gud pm..im planning to assume a house here VTS bugo,cagayan de oro city,misamis oriental..how will i know the status of this unit?pls help
    me coz i really wanted to assume this house..phase 1A block 7 lot 14..thanks po..as of the moment we are renting the house but were planning to get it soon as us w confirm the statusthanks po pls contac me or email me..godbless


    gudpm sir/madam?ask lang ko if ok ang status sa assumon namo nga house sa bugo.cagayan de oro city?asa k pwede makontak iether member sa balikatan housing.pls help me.ds my cel#09352838262

  • melba bacuetes

    Gud day, I’m planning to buy a house in villa trinitas bugo cagayan de oro. can you help to to find a resonable price pls.. thanks you

  • Selyn Abanos

    saan ba ang adress ninyo gsto ko po mag bili ng bahay?

  • maryaluztaruc

    gd am gsto ko pong magkuha og blay sa villiaflora sub,puedi bang ako mangayo og number sa inyo pra magcall ako sa inyo…..pls lang po

  • rose surbano egagamao

    good day!i have a unit in youngville subd. igpit, opol mis. oriental.where can i possibly pay for my past due account?.i i am now residing in tacloban leyte thats why i havent received any notice or collection letter.please advise.thanks.

  • Phil Cris Mendoza

    Gud day gusto ko po sana mag assume kong my available pba villa paraiso tagum city.. 09321206465 pls.

  • Old news!

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