As a property investor, I am often asked what does REO mean when buying real estate for sale? An acronym for ‘real estate owned’, REO refers to foreclosure property repossessed by mortgage lenders. When foreclosure real estate does not sell through public auction it returned to the lender, who in turn lists the property for […]
About Michael Soriano
Author Archive | Michael Soriano
In these difficult economic times, even the most persevering of homeowners may find it difficult to keep up with their mortgage payments. With a faltering job market, increasing unemployment, and tightening restrictions on credit, mortgages are frequently falling into arrears. The growing number of home foreclosures has been in the forefront of recent news, and […]
Selling your property like a business or your house in East Brunswick, NJ is not that hard if you know how to play the game. A lot of buyers these days are out in spades in trying to make the most of what the market has to offer. So if you want to sell property […]
Selling your home on the internet can save you thousands in commission costs, and is often faster than using a real estate agent. However, one of the key issues with advertising your property online is that your advertisement is often competing with a large number of other properties in the same general area. Consequently, your […]
A lease option home purchase (also rent to own purchase” or “rent to own”) is a lease-agreement combined with an option-agreement to pay for the house within a stipulated time, typically three years or fewer, at an agreed cost. The borrower pays an option charge, 1% to 5% of the cost, which is credited to […]
Step 1- Find and sign up with a reputable bankruptcy attorney in East Brunswick, NJ by researching the Internet or from word of mouth by friends or family. It’s important to find a bankruptcy attorney that will work well with you because the process will take 4 to 6 months. It’s also nice to find […]
When looking to promote your rentals it can be quite stressful having to go through real estate agents and so begs the question why not sell the home in East Brunswick, NJ without outside help? It may appear like it is a daunting prospect to take on the task alone. However it is quite easy […]
If you are buying a home, then it can be hard to know the best agent that will help you to find that you want. Many real estate agents take their license and find themselves on their personal in a brokerage with no practice to think out of the real estate game. Do you want […]
Mortgage settlement is not the same as mortgage foreclosure settlement! A simple mortgage settlement is where you get either your interest rate and/or your principal reduced by a government program. A mortgage foreclosure settlement is when you prove the bank’s fraud in court and you settle for a reduced payment, reduced interest rate, and/or a […]
If you think buying a home is tough, try selling your own. Buying usually gives you due advantage during negotiations, but selling can be more challenging. In real estate, the seller usually takes the brunt of finding the right buyer and facilitating transfer of documents while obtaining a lucrative deal as planned. With much of […]
Mike Buys Houses is a division of Troy Properties LLC (In Memory of His Dad) and is owned locally by Michael Soriano. Michael has been volunteering locally in various factions of the AFSP (American Foundation for Suicide Prevention)Foundation. These factions include "The Survivor Outreach Program", "Planning Committee for NJ Advocacy Day" and the Central NJ Walk.
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This letter is to thank you for the outstanding job you did in selling our home. When we met you, you informed us of all of our options. You explained the foreclosure process and kept us aware of the progress. We tried to sell our house through a realtor and buy ourselves for over a year with no buyers. We attempted to work out an arrangement with the bank but were unsuccessful. You however, never took no for an answer from the bank. the bank granted us a short sale. As the parents of three children, you allowed us to focus on our family's basic needs while you dealt with negotiating with the bank on our behalf. You went beyond your duties. We especially appreciate your honesty , professionalism and your caring manner. We came to trust the fact that you had our best interest at heart. It was a pleasure to work with someone with a strong sense of integrity. As we renew our lives by continuing our education we are extremely grateful to you for this new beginning. Sincerely forever grateful, The Ramos Family
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