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Foreclosure in 92130 : Real Estate Advice

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  • Local Info6
  • Home Buying38
  • Home Selling6
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Activity 2
Thu Sep 1, 2011
Mr Credit answered:
All things being equal, if You could afford to buy and chose NOT to, then there would probably need to be a pretty compelling reason.

http://san-diego-real-estate-news.com/2011/08/21/who-should-and-should-not-buy-san-diego-real-estate/

If You look at it from strictly a historical standpoint, rents are up and seem to be trending higher, home values are low, and interest rates just hit an all-time record low. If You believe in "buy low and sell high", then there's Your answer. However, there are plenty of reasons to Rent as mentioned in the above article. If You don't fit that criteria, You should be a Buyer for sure :)

MR CREDIT
ESPN Radio San Diego
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Fri Oct 10, 2008
fredeckert answered:
Jon,
I have been in this business for awhile and have not heard of a quit option. You could have some one use an option to purchase, a lease option, a all inclusive deed of trust, a straight purchase etc. You might mean a quitclaim to the property where someone has an interest in the property. Be careful if this situation involves a Land Trust and take note of California Civil codes 1695 and 2945 if there is any notice of default on the home. I can give you more information py phone 619.507.5688 and if you need information about the property itself, call my customer service for free at 619.521.3478 ... more
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