I ran across the first red tag that I've seen in the City of Orange for non-adherence to the State of California mandated water restrictions. 

Watch out -- the water police are out there!

Adjust your sprinklers now if you haven't already!

Thinking about buying a house, car, or other consumer product requiring financing? Or selling a house? "Know Before You Owe" is the the new mantra of the Consumer Financial Protection Bureau (CFPB) -- see my blog post from 6/3/2015 for additional information.

Yesterday, I attended a brief seminar on the new rules and guidelines, the majority of which are spelled out on CFPB's website (click here for additional info), but there will be a couple of things of which buyers, sellers, Realtors, escrow companies, and moving companies will need to be aware:

• Escrow periods may extend from 45 to 60 days (vs the current 30 day norm)
  
• Some lenders are recommending extending the loan contingency removal period from the current default in the Agreement from 21 days after Acceptance to 30 days after Acceptance -- leaving the seller off market for an extended period of time with little to no recourse; great for buyers, not so good for sellers.
  

All of the fun begins for loan applications completed on or about October 3, 2015 (or thereabouts -- subject to change per the CFPB).