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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.
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 T = Timeliness P = Politeness| User | Date | K | C | T | P | Comments |
|---|---|---|---|---|---|---|
| Shan | 09/23/09 | 10 | 10 | 10 | 10 | Dear Eric; It is very kind of ..... |
| Charli | 09/09/09 | 10 | 10 | 10 | 10 | |
| Steve | 09/04/09 | 10 | 10 | 10 | 10 | Just what I suspected! Gotta be careful ..... |
| Hung Out Buyer | 09/04/09 | 8 | 8 | 10 | 10 | |
| Josh | 08/31/09 | 10 | 10 | 10 | 10 |
Recent Answers from Eric Forster
2009-09-23 buying a new home while selling old one:
Michelle - It can be done, but it's not easy. For most people, making payments on 2 homes is not financially feasible, and because of that, lenders look very carefully at the proposed transaction.
2009-09-22 How to find whether a home is foreclosed:
Shan, In many counties you can get the information online, by going to the County Assessor's website and search for the property address. The resulting information (which varies from county to county)
2009-09-21 foreclosure purchase:
Kristen, Once the foreclosure has started, only the forecloser (the bank) can stop it. You can contact the bank once it has completed the foreclosure and see whether they are interested in letting you
2009-09-09 Heirship:
Charli - He needs to see a probate attorney to have Grandma's estate probated and the land deeded to him. Only then can he legally own the property and gift it to your mother. The tax ramification will
2009-09-07 Fees I don't understand:
Lee - Transaction pages make for a very dull reading. They are really just ledger entries, and in your case, they don't tell us much - just a bunch of charges which are reversed a day or two later
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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