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Expertise
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, www.real-estate-expert-witness.net.
Experience in the area
More than 25 years in loan production and underwriting in Southern California.
Organizations
Mortgage Bankers of America (Southern California Chapter)
Publications
Former columnist for AOL Financial Center and the author of a mortgage primer.
Education/Credentials
MBA (Finance)
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Pablo | 05/20/12 | 10 | 10 | 10 | Thank you very much Mr. Forster! I ..... |
| Pablo | 05/05/12 | 10 | 10 | 10 | Thank you very much, I really appreciate ..... |
| Alan | 04/24/12 | 10 | 10 | 10 | Thanks Eric for answering yet another question ..... |
| Charles | 04/14/12 | 10 | 10 | 10 | Thank you, Eric, for your great advice! |
| anita | 03/15/12 | 10 | 10 | 10 | eric: your replies were very helpful....i ..... |
Recent Answers from Eric Forster
2012-04-16 How do we prove mortgage is paid off??:
Ruthie, You can always go to court for what's known as a 'quiet title action' and ask the court to declare that, based on whatever evidence you have, the title to the property is free and clear. The
2012-04-16 How do we prove mortgage is paid off??:
Ruthie, I have been in the mortgage/real estate industry for many years, yet I would not dare buy or sell a property without using a settlement agent - even if I were selling to a close friend or relative
2012-04-16 How do we prove mortgage is paid off??:
Ruthie, Assuming that you are doing the sale properly, and let a settlement agent (either a title company, an escrow company or a real estate attorney) handle the transfer, there is nothing you yourself
2012-04-13 Refinance loan:
Charles, Normally, you'd need to do only one thing when your wife refinances the house: sign a quit-claim deed to terminate your community-property interest in the house. The bank may also ask to see
2012-03-14 refinancing shocker at closing!!:
Anita, While it is true that the title company is the entity that determines whether there is any property tax liability at closing, the lender is required to ascertain what that liability is and show
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
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