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Did your last mortgage broker or lender trick you into a messy situation which could cost you your home? I've been close to 30 years in the mortgage industry, and I've seen it all. Believe me, it is not pretty. As the owner of a mortgage company I am called frequently to testify as an expert witness in mortgage fraud cases and other cases where lenders did not fully disclose the terms of the loans they were offering to the borrowers. I have seen fraud being committed by borrowers - and by lenders. It's a tough world out there. And by the way - you are invited to visit my website,

Experience in the area

More than 25 years in loan production and underwriting in Southern California.


Mortgage Bankers of America (Southern California Chapter)


Former columnist for AOL Financial Center and the author of a mortgage primer.


MBA (Finance)

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Elsa 07/29/16101010Thank you so much for the advice .....
Adrienne06/11/16101010Thank you very much for the clarity .....
Miss Susan W.10/24/15101010Great advice. Very concise and would use .....
Roger07/24/15101010Thank you for the insights!
mark siciliano04/08/15101010thank you for your answer. it clears .....

Recent Answers from Eric Forster

2016-10-02 Refinance - owe more than valued at:

Joseph,    You could possibly refinance and reduce your payments if your existing loan qualifies for the HARP program. The HARP refinancing program was started in April 2009. While the Government calls

2016-07-29 Refinance:

Elsa,    The refinance to a 15-year loan would possibly make sense ONLY if it is a no-cost, no-fees refinance. Assuming that the loan balance is around $400,000, a 15 year loan at 2.625% will have monthly

2016-06-07 Legality of being switched over:

Hi Adrienne,    If you go over your copy of the loan documments you signed 8 years ago, you will notice that one of them is entitled "Transfer Disclosure". It advises you that your lender may transfer

2016-05-20 Transfer of property with mortgage from trust:

Brianna,    Banks use tax-service agencies whose job is to inform the bank whenever there is a change in title on a property securing their loan. Since we know that Chase will be notified about the change

2015-10-22 Mortgage Lender Questions?:

Hi -    Here are your options:    1. The house is purchased in your granddaughters name ONLY. In that case they are the sole owners of the property.    2. The house is purchased with you and your granddaughters


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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here

Real Estate Home Mortgages

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