Sell and Wait, Riskily unlikely to pay off as much may you think.
I would not do it unless you just have move out of Temecula.
I did it back in 2005 but I had a second house to move into that I bought in 2002, have upgraded since then.
I would add I did it knowing full well even as extreme as the housing bubble was, it could have turned out VERY different had the fed acted differently.