Forster Realty Advisors

Forster Realty Advisors

Eric Forster

9350 Wilshire Blvd. Suite 203 Beverly Hills, CA 90212

About the Expert

Eric Forster is the Managing Principal of Forster Realty Advisors. With more than 35 years in the industry, he has become a recognized expert in the areas of real estate and mortgage fraud, brokerage standards and practices, RESPA, TILA and HOEPA violations, as well as escrow practices . He was Co-Chair of the Real Estate Experts subcommittee of the American Bar Association from 2009- 2012.

Areas of Expertise

  • Appraisal Real Estate
  • Economic Damages
  • Mortgages
  • Real Estate Commercial
  • Real Estate Residential

Expert's Profile

Eric Forster has been in the real estate industry since 1976, starting as a condo developer and property manager. He has held management positions in the real estate and mortgage industries, and has been a litigation consultant & expert witness since 1997. He holds a California real estate & mortgage broker's license, which he first obtained in 1980. He has served as a special master for the Superior Court, in a criminal mortgage fraud/Ponzi case containing 147 felony counts, and was the Chair of the Real Estate Experts subcommittee of the American Bar Association. He holds the MAFF designation as a certified Master Analyst in Financial Forensics.

Forster Realty Advisors investigates mortgage fraud, predatory lending practices and real estate fraud, and offer opinions on industry standards and practices. We analyze RESPA/TIL (Truth in Lending) disclosures for compliance, as well as lenders' erroneous APR and loan reset calculations.

Our litigation and expert witness services include issues such as:

· Analysis and case development
· Valuations and damage assessment
· Specialized forensic accounting
· Banking mortgage operations
· Lending policies, custom and practice
· Loan underwriting & credit administration
· Mortgage banking
· Bankruptcy, foreclosures and workouts
· Economics and damages analysis
· Real estate appraisal
· Real estate transactions & brokerage
· Title insurance & escrow
· Wrongful termination and compensation disputes
· Forensic accounting

Litigation Support Services
Forster Realty Advisors provide litigation support and expert witness services in real estate and mortgage litigation.

Areas of Expertise:

Accounting
Appraisal
Arbitration
Banking
Commercial Real Estate
Compensation Disputes
Ethics
Financial
Financial Analysis
Fraud
Lender Standards
Litigation
Mediation
Mortgage
Mortgage Fraud
Mortgage Litigation
Mortgage Underwriting
Real Estate
Real Estate Appraisal
Real Estate Finance
Real Estate Malpractice
Realty Contracts
Title Insurance


Personal Achievements

Education

  • . LLM Arbitration - University of London - City School of Law
  • · MBA Corporate Finance - Pepperdine University
  • · D. Med. Mediation Ethics - GTF (UCLA residency)
  • · TD (History)

Licenses

  • Federal NMLS registration No. 355426
  • Freddie Mac Underwriter licence No. 121555.
  • · CA DRE Broker, License No. 827388
  • · FINRA (NASD-NYSE) Arbitrator, License No. A55740
  • NFA (futures) Arbitrator, License No. 0412838

Special Training

  • Seminars & Training
  • DRE No. Title
  • 1204-90 Escrows
  • 240-78 Legal Aspects of Real Estate
  • 1161-90 Real Estate Finance
  • 237-78 Real Estate Practices
  • 234-78 Real Estate Appraisal
  • 323-1016 Real Estate Agency Rules
  • 323-1014 Contracts, Disclosures & Environmental Issues
  • 323-1012 Ethics and Professional Conduct of Real Estate Licensees
  • 323-1013 Fair Housing
  • 323-1015 Trust Funds
  • 743-85 Real Estate Principles
  • 1281-08 Ethics and Professional Conduct of Real Estate Licensees II
  • 384-42 Tax Planning for Real Estate
  • 591-05 Consumer Protection in Real Estate Transactions
  • 103-118 Proving Fraud Cases
  • 323-1041 Disclosure Obligations in Real Estate Transactions

Organizations

  • · American Real Estate & Urban Economics Association
  • · American Bar Association (Chair, Real Estate Experts Subcommittee
  • (2009-2011)
  • . State Bar of California (Public Member, Committee on Mandatory Fee
  • Arbitration (2011-12)
  • · Southern California Mediation Association
  • · Beverly Hills/Los Angeles Association of Realtors

Honors

  • · California State Senate Certificate of Appreciation - 2008
  • · Los Angeles City Attorney Certificate of Appreciation - 2008

Publications

  • Editor:
  • Mortgage Litigation and Forensics
  • (www.mortgageforensics.wordpress.com)
  • Mortgage issues in courts of law - fraudulent application, loan origination and underwriting.
  • Books
  • The Mortgage Applicants Bible (2000 edition. ISBN 0-595-09171-7)
  • Articles
  • Israel Shelanu/Shalom L.A. Real Estate advice column 1989-2007. Approx. 650 articles.
  • For Real Estate Today (National Association of Realtors publication):
  • Are ARM Borrowers Overpaying? Real Estate Today 9/92
  • Chart a Course to Smart Real Estate Investing Real Estate Today 9/93
  • For AOL OReilly Publishing Personal Finance Center Buying a Home series:
  • Buying a Home: Buy v. Rent Considerations 5/95
  • Buying a Home: Meet Your Realtor 5/95
  • Buying a Home: Financing Available 6/95
  • Buying a Home: Who Are The Lenders? 7/95
  • Buying a Home: Qualifying for the Loan 7/95
  • Buying a Home: Your Credit 8/95
  • Buying a Home: Appraisal Considerations 9/95
  • Shopping for Rates in a Fixed Market 1/96
  • For AllExperts.com (A New York Times Company):
  • Real Estate / Finance Q&A Articles 2004-Present. Approx. 400 articles.

More Information

  • CV
    CV - updated on 7/20/2014

Listed in the Following States

Forster Realty Advisors is listed with ExpertPages in the following jurisdictions: All US Regions and States, Canada (all Provinces).