Jim Enright's Blog

By Jim Enright. On Nov. 15, 2013 Conventional 97 Mortgage Loans with 3% down payment are ending. This means files must be run thru Desktop Underwriter by this date. Buyers with minimum down payment should get all the details before waiting longer to purchase a home. FHA 3.5% down VS Conventional ...

There isn't a magic real estate pill, but there is a new tool that you should pay attention to before your competitors do. It's a new marketing layer. Not Facebook, twitter, linked in, Pinterist, or a blog. It's Google Plus. Owned by Google. Who Owns YouTube. This is a search synergy that will he...

By Jim Enright. Parade of Homes in Orange, Durham and Chatham Counties 2013 Last weekend, Donna and I visited Parade Homes in Orange and Chatham counties that were clustered together in Winmore and Briar Chapel subdivisions first, then other homes that would be interesting for us. How do you judg...

By Jim Enright.One more of our lender said they will waive the IRS Tax Transcript requirement for now. If you were lending your own money, would this fine print concern you? “We will obtain tax transcripts on all loans when the federal government shutdown ends. Once tax transcripts are received, ...

By Jim Enright. All agency loans will be affected.   Investors require IRS Tax Transcripts for fraud prevention.  Without them, an agency loan will not be approved or closed.   This will impact any loans in process where the transcripts have not been pulled early.   This will also create a backl...