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Today, Nipomo — at one time one of the county’s most reasonable housing markets — no longer has many options for low-to-middle-income households. Of the 47 houses recently listed on Zillow ...
Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate , foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
Nipomo (/ n ə ˈ p oʊ m oʊ /; Chumash: Nipumuʔ) [4] is an unincorporated town in San Luis Obispo County, California, United States. The population was 16,714 for the 2010 census [5] and grew to 18,176 for the 2020 census. [6] For statistical purposes, the United States Census Bureau has defined Nipomo as a census-designated place (CDP).
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Rancho Nipomo Dana Adobe and re-enactor, 2012. Rancho Nipomo was a 37,888-acre (153.33 km 2) Mexican land grant in present day San Luis Obispo County, California given in 1837 by Governor Juan B. Alvarado to William Goodwin Dana. [2] The grant encompassed present day Nipomo. [3] [4] [5] The ranch is designated as a California Historical ...
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