[FormerOwner]

I agree 100%. I personally know a number of people living in their houses in Temecula/Murrieta/French Valley without paying either mortgage or property taxes. There is a ton of “hidden inventory” in the Temecula Valley housing market.

The recent bear market rally in housing up here is mostly due to investors buying houses to rent out. How will the renters pay the rent long term? There are no jobs here to speak of. Traffic to get to a decent paying professional job is horiffic. If gas prices shoot back up and stay high that will solve the traffic issue because no one will live in the area. Either way, the market has no where to go but down – both prices and rents. That’s why I am a renter and have no plans to buy. There is absolutely nothing holding up this housing market long term!

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

I’ve lived in the valley for almost 10 years and I’ve been watching the ups and downs of the RE market and economy the whole time. Prices are back to 2001 or even 2000 levels in many areas now. A lot of the less desirable areas have seen 50% – 60% price drops. There are a lot of vacant retail stores but overall the area seems OK as far as quality of life. Prices are still on the downtrend but not falling anywhere near as fast as they were. From here it’s anyone’s guess where prices go. There are a lot of unemployed construction workers, real estate proessionals, etc. but you don’t get the feel of living in the burned out Bronx or Detroit – at least not yet. I think the biggest risk to the area going forward is a spike in oil prices. That is even harder to predict than RE price though.

[FormerOwner]

First, I want to thank everyone for their helpful advice. I intend to stay put and negotiate with the bank then take the deadbeat landlord to small claims court after I move out. If I win, I will look into recording the judgement in both Riverside and Orange Counties. The house I’m in is in Riverside County but I’m pretty sure he owns at least two houses in Orange County as well and one is his primary residence.

Second, the lady that came was NOT a scammer but a realtor that recently moved to a different real estate office/broker and appears to be dyslexic. I got a hold of her via the C21 office and she explained that her office has the listing for this house but she needs me to move out before she can put it on the market. She called the bank to find out what they want to do about the tenants (me) but they are so bogged down with foreclosures that no one has called her back yet. She said I may get something in the mail from the bank. So, I’m in a holding pattern right now.

I’m wondering if I shouldn’t have given her my name. Will this make it easier for the bank to evict me or does that really even matter?

[FormerOwner]

First, I want to thank everyone for their helpful advice. I intend to stay put and negotiate with the bank then take the deadbeat landlord to small claims court after I move out. If I win, I will look into recording the judgement in both Riverside and Orange Counties. The house I’m in is in Riverside County but I’m pretty sure he owns at least two houses in Orange County as well and one is his primary residence.

Second, the lady that came was NOT a scammer but a realtor that recently moved to a different real estate office/broker and appears to be dyslexic. I got a hold of her via the C21 office and she explained that her office has the listing for this house but she needs me to move out before she can put it on the market. She called the bank to find out what they want to do about the tenants (me) but they are so bogged down with foreclosures that no one has called her back yet. She said I may get something in the mail from the bank. So, I’m in a holding pattern right now.

I’m wondering if I shouldn’t have given her my name. Will this make it easier for the bank to evict me or does that really even matter?

[FormerOwner]

First, I want to thank everyone for their helpful advice. I intend to stay put and negotiate with the bank then take the deadbeat landlord to small claims court after I move out. If I win, I will look into recording the judgement in both Riverside and Orange Counties. The house I’m in is in Riverside County but I’m pretty sure he owns at least two houses in Orange County as well and one is his primary residence.

Second, the lady that came was NOT a scammer but a realtor that recently moved to a different real estate office/broker and appears to be dyslexic. I got a hold of her via the C21 office and she explained that her office has the listing for this house but she needs me to move out before she can put it on the market. She called the bank to find out what they want to do about the tenants (me) but they are so bogged down with foreclosures that no one has called her back yet. She said I may get something in the mail from the bank. So, I’m in a holding pattern right now.

I’m wondering if I shouldn’t have given her my name. Will this make it easier for the bank to evict me or does that really even matter?

[FormerOwner]

First, I want to thank everyone for their helpful advice. I intend to stay put and negotiate with the bank then take the deadbeat landlord to small claims court after I move out. If I win, I will look into recording the judgement in both Riverside and Orange Counties. The house I’m in is in Riverside County but I’m pretty sure he owns at least two houses in Orange County as well and one is his primary residence.

Second, the lady that came was NOT a scammer but a realtor that recently moved to a different real estate office/broker and appears to be dyslexic. I got a hold of her via the C21 office and she explained that her office has the listing for this house but she needs me to move out before she can put it on the market. She called the bank to find out what they want to do about the tenants (me) but they are so bogged down with foreclosures that no one has called her back yet. She said I may get something in the mail from the bank. So, I’m in a holding pattern right now.

I’m wondering if I shouldn’t have given her my name. Will this make it easier for the bank to evict me or does that really even matter?

[FormerOwner]

First, I want to thank everyone for their helpful advice. I intend to stay put and negotiate with the bank then take the deadbeat landlord to small claims court after I move out. If I win, I will look into recording the judgement in both Riverside and Orange Counties. The house I’m in is in Riverside County but I’m pretty sure he owns at least two houses in Orange County as well and one is his primary residence.

Second, the lady that came was NOT a scammer but a realtor that recently moved to a different real estate office/broker and appears to be dyslexic. I got a hold of her via the C21 office and she explained that her office has the listing for this house but she needs me to move out before she can put it on the market. She called the bank to find out what they want to do about the tenants (me) but they are so bogged down with foreclosures that no one has called her back yet. She said I may get something in the mail from the bank. So, I’m in a holding pattern right now.

I’m wondering if I shouldn’t have given her my name. Will this make it easier for the bank to evict me or does that really even matter?

[FormerOwner]

Thanks for the info! I will keep you guys updated as events unfold….

[FormerOwner]

Thanks for the info! I will keep you guys updated as events unfold….

[FormerOwner]

Thanks for the info! I will keep you guys updated as events unfold….

[FormerOwner]

Thanks for the info! I will keep you guys updated as events unfold….

[Author]

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