Dear fellow active rain members, I have a question I'm sure someone here can answer for me. I have a friend who allowed her fiancé to purchase a couple of investment properties in her name & with her credit.
To make a long story short, the homes are now in foreclosure. I put one of the houses on the market to see if we could short sale it, but we've recently found out that the fiancé had the deeds switched out of her and name without her knowledge.
My question is would we still be able to sell the house though the deed is no longer in her name? She doesn't want to take legal action against her fiancé for wrongfully switching the deed out of her name, but she'd like to save her credit from foreclosure. What are her options...?
Plainfield, NJ market analysis for February 2009
Compared to January 2009
February: January:
Active Listings = 385 394
Average LP = $ 262,598 $ 267,960
New Listings = 53 68
Average LP = $ 283,570 $ 265,735
Under Contract = 20 9
Average LP = $ 198,858 $ 219,197
Sold Listings = 12 14
Average SP = $ 187,610 $ 197,810
Average DOM = 105 106
Average SP/LP = 93% 95%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
Somerville, NJ market analysis for February 2009
Compared to January 2009
February: January:
Active Listings = 58 61
Average LP = $ 323,768 $ 321,275
New Listings = 9 14
Average LP = $ 305,160 $ 313,414
Under Contract = 0 7
Average LP = $ 0 $ 268,469
Sold Listings = 2 5
Average SP = $ 332,500 $ 234,600
Average DOM = 70 102
Average SP/LP = 99% 93%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
Bridgewater, NJ market analysis for February 2009
Compared to January 2009
February: January:
Active Listings = 314 293
Average LP = $ 525,869 $ 527,266
New Listings = 86 69
Average LP = $ 484,297 $ 524,486
Under Contract = 23 31
Average LP = $ 418,530 $ 463,749
Sold Listings = 19 23
Average SP = $ 355,947 $ 477,925
Average DOM = 97 94
Average SP/LP = 95% 95%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
Somerset, NJ market analysis for February 2009
Compared to January 2009
February: January:
Active Listings = 427 413
Average LP = $ 380,646 $ 381,568
New Listings = 92 97
Average LP = $ 368,235 $ 365,279
Under Contract = 30 25
Average LP = $ 361,916 $ 305,498
Sold Listings = 20 24
Average SP = $ 411,150 $ 302,185
Average DOM = 91 84
Average SP/LP = 137% 95%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.
Plainfield, NJ market analysis for November 2008
Compared to October 2008
November: October:
Active Listings = 428 462
Average LP = $ 281,312 $ 282,657
New Listings = 52 65
Average LP = $ 261,700 $ 248,466
Under Contract = 22 18
Average LP = $ 196,280 $ 197,350
Sold Listings = 23 16
Average SP = $ 205,513 $ 256,588
Average DOM = 96 96
Average SP/LP = 95% 93%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.
Somerville, NJ market analysis for November 2008
Compared to October 2008
November: October:
Active Listings = 70 85
Average LP = $ 336,334 $ 329,321
New Listings = 3 11
Average LP = $ 395,633 $ 282,752
Under Contract = 7 8
Average LP = $ 278,436 $ 329,363
Sold Listings = 6 8
Average SP = $ 328,917 $ 273,813
Average DOM = 51 87
Average SP/LP = 95% 96%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.
Somerset, NJ market analysis for November 2008
Compared to October 2008
November: October:
Active Listings = 461 518
Average LP = $ 382,791 $ 377,541
New Listings = 65 71
Average LP = $ 392,752 $ 340,501
Under Contract = 41 50
Average LP = $ 352,745 $ 336,739
Sold Listings = 46 50
Average SP = $ 333,620 $ 352,710
Average DOM = 79 89
Average SP/LP = 95% 97%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.
Bridgewater, NJ market analysis for November 2008
Compared to October 2008
November: October:
Active Listings = 317 365
Average LP = $ 534,184 $ 530,101
New Listings = 43 61
Average LP = $ 476,821 $ 443,822
Under Contract = 24 37
Average LP = $ 535,933 $ 438,228
Sold Listings = 34 41
Average SP = $ 480,630 $ 436,567
Average DOM = 85 78
Average SP/LP = 96% 96%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed
Plainfield, NJ market analysis for October 2008
Compared to September 2008
October: September:
Active Listings = 451 477
Average LP = $ 286,081 $ 294,736
New Listings = 63 57
Average LP = $ 247,822 $ 266,131
Under Contract = 16 17
Average LP = $ 198,737 $ 341,018
Sold Listings = 13 16
Average SP = $ 276,338 $ 232,997
Average DOM = 96 79
Average SP/LP = 93% 96%
*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.
Eugene Jones
Somerville ,
NJ
More about me…
Royster Real Estate
Address: 275 South Bridge Street, Somerville, NJ, 08876
Office Phone: (908) 218-0500
Cell Phone: (877) 701-8215
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