This would effectively extend the ability of the CFPB to regulate and examine individuals as well as entities, which has real significance to small operators hoping to escape regulation.Under the proposed process, the Bureau would provide a nonbank covered person a notice (Notice or Notice of Reasonable Cause) stating that the Bureau may have reasonable cause to determine that such covered person is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services.

The distinction between the two is made by examining the lowest course of block - right at the floor level.

Bill Gulley is a very smart, astute, and knowledgeable individual, but his background is that he was a bank examiner (field regulator), so it is only natural that he sees the problem as one of not enough government regulation.

If no mortgage remains there may be several options.First examin the CFD, is there a due on sale clause or any pre-payment penalty or is an assignment prohibited?

Of course a lot depends on your long term goals, but if your real angle is to make your money work optimally you need to strongly and critically examine the utility of doing things on your own.  

What I learned from looking at countless properties is to examine the neighborhood.

If the carpet got wet, you need to lift it up and examine the condition of the carpet, pad and subfloor. 

Make sure you have a reputable septic company go out and give it a thorough examination prior to closing.

Get a state Realtor's examination book and read it understanding each chapter, you can skim the RE commission stuff but be aware who they are.

Examine the septic system for flooding or unusual odor.?