Eugene Jones

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.