Mr. Eric Forster

Forster Realty Advisors
9350 Wilshire Blvd. Suite 203
Beverly Hills, CA 90212
Web Site
Phone: 424-284-1800
Fax: 424-284-1801

Eric Forster provides consulting and expert witness services in real estate and mortgage litigation, and has earned a reputation as a top real estate & mortgage fraud investigator. His 25+ year experience in the industry covers the origination, processing and underwriting of residential and commercial mortgages, construction, subdivision and real estate brokerage. He is the author of "The Mortgage Applicant's Bible", and serves as a mortgage 'guru' for a New York Times subsidiary. Mr. Forster was recently appointed to serve as a special master for the Superior Court, in a criminal case involving 147 felony counts of mortgage fraud. In addition, he served as Chair of the Real Estate Experts Subcommittee of the American Bar Association from 2009-12.

Mr. Forster holds the MAFF designation as a certified Master of Financial Forensics, with a specialty in commercial real estate damage calculations.

Services:

Mortgages and real estate finance. Real Estate industry standards and practices. Lenders/Borrowers standards and practices. Plaintiff and Defense strategies concerning breach of contract and/or fraud. Mortgage fraud litigation. Credit underwriting (commercial & residential loans); economic damage calculations; mortgage brokers' malpractice issues; conflicts of interest; commission compensation issues; Fannie Mae/Freddie Mac credit score & automated underwriting issues, RESPA/TIL (Truth in Lending) noncompliance, analyze lenders' disclosures for possible erroneous APR and loan reset information.

Background

Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: Doctorate (Mediation Ethics)
MBA (IT Systems)
T.DIPL (History)
Diplomate, American Board of Forensic Examiners
CA DRE Broker's License No. 00827388
FINRA (NASD-NYSE) Arbitrator No. A55740

Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Board of Arbitrators, FINRA (NYSE/NASD)
Academy of Forensic Expert Witnesses
Southern California Mediation Association
Beverly Hills/Los Angeles Association of Realtors

Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Frequent appearances before consumer groups on matters concerning real estate and mortgages.

Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No.

Q: On how many occasions have you been retained as an expert?
A: 100 + as a litigation consultant/expert witness.

Q: For what area(s) of expertise have you been retained as an expert?
A: Standards of care, industry practices, real estate fraud, mortgage fraud,RESPA/TIL noncompliance,loan reset calculations

Q: In what percentage of your cases were you retained by the plaintiff?
A: 50%

Q: In what percentage of your cases were you retained by the defendant?
A: 50%

Q: On how many occasions have you had your deposition taken?
A: 15-16

Q: When was the last time you had your deposition taken?
A: 4/2010

Q: On how many occasions have you been qualified by a court to give expert testimony?
A: 10+

Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: 10+

Q: For how many years have you worked with the legal industry as an expert?
A: 13

Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Litigation consulting, case evaluation and expert testimony.

Q: What is your hourly rate to consult with an attorney?
A: Provided upon request.

Q: What is your hourly rate to review documents?
A: Provided upon request.

Q: What is your hourly rate to provide deposition testimony?
A: Provided upon request.

Q: What is your hourly rate to provide testimony at trial?
A: Provided upon request.

Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Provided upon request.

References

Nabi Abu-Assal, Esq. Los Angeles, CA 424-901-0124 nabil@cypressllp.com
James Moncus III, Esq. Birmingham, AL 205-328-5330 jamie@hwnn.com

Publications