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  You are here:  AllExperts > Real Estate > Home Buying/Selling > Real Estate Home Mortgages

Expert Profile: Eric Forster

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)

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Average Ratings
Prestige Points: 4718
Knowledge   9.97   Best of the best
Clarity of Response   9.96   Best of the best
Timeliness   9.97   Best of the best
Politeness   10.0   Best of the best
Number Of Questions
(in Past 24 Hours)
0
Max Questions to be Asked
(in 24 Hour period)
5
Total Questions
(since joining AllExperts)
500
Recent Reviews from Users
KnowlClarityTimePolitenessDate
1010101011/12/08
1010101010/07/08
1010101010/06/08
1010101009/29/08
1010101009/24/08
User Comments
Thanks for the help and quick reply!
(Lynne on 11/12/08)
Thank you so much. I will contact my banks.
(Niki Henry on 10/07/08)
Many thanks. That answers the question perfectly. Steve
(Steve on 10/06/08)
Thank you Mr. Forster. Excellent job!
(Tom on 09/29/08)
View All Comments
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Recent Answers from Eric Forster
2008-11-29  Mortgage approval At this point in time you are not yet the owner of the condo (you will be the owner once the condo construction has been completed and a mortgage for $209,000 is in place). The question, then, is whether...
2008-11-29  loan approval Hakan - If you are being sued, you must see an attorney immediately (try the local Legal Aid Society). Otherwise, the seller will obtain a default judgment against you. As to the closing costs, not...
2008-11-11  Reverse Mortgage Leilani - The AARP has an excellent guide to reverse mortgages, and you can find it at http://www.aarp.org/money/revmort/. In many cases, reverse mortgages work very well. However, it important for...
2008-11-11  Escrow Lynne - What your lender did with the property tax is standard operating procedure for all loans that are in default, and your loan documents specify (in the fine print) that that is exactly what the...
2008-11-04  Mortgage Help Hi, Technically, it makes no difference whether you owe one payment or two - either way, the lender can foreclose on you. However, if they hound you with late payments and threats because of a mistake...
More Answers for "Real Estate Home Mortgages"


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