Forster Realty Advisors LLC.

Forster Realty Advisors is a national litigation consulting firm, based in Beverly Hills and Las Vegas. We assist trial attorneys in the preparation and management of mortgage and complex real estate litigated cases, as well as investigate mortgage fraud, predatory lending practices and real estate fraud, and offer opinions on industry standards and practices.

Eric Forster is the principal consultant 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.

We analyze mortgage loan documents for attorneys, looking for RESPA/TILA compliance or suitability for HAMP/HARP programs. Our assignments are almost equally divided between work for plaintiffs (55%) and defendants (45%). The clients represent a mix of large, medium, small-to-medium firms and sole practitioners.

Services

At Forster Realty Advisors, we focus on expert witness and litigation consulting services in most aspects of real estate and mortgage-related litigation. We accept expert witness assignments throughout the United States and the firm's clients include leading law firms and governmental agencies, working on behalf of both plaintiff and defendant. 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

At Forster Realty Advisors, we have been retained in over 500 civil and criminal cases. Through retaining attorneys, we have worked with clients as varied as banks, insurance companies, state government agencies and escrow companies.

Consulting and Testimony Services:
• Litigation Consulting in Civil & Criminal Cases
• Title Issues (title chain, zoning) and Interpretation
• Escrow and Title Procedures & Closing Practices
• Real Estate-Related Economic Damages
• Mortgage Document Review and Analysis
• Evaluation of Bank Underwriting Practices
• Lenders' Standards of Care & Due Diligence
• Predatory Lending Abuses
• Mortgage Broker Malpractice
• Real Estate Broker Standards and Practices
• Short Sale Fraud & Wrongful Foreclosure Actions
• Lenders' Misconduct in Processing Loan Modifications
• Dual-tracking: Loan Modification Concurrent with Foreclosure

Areas of Expertise

Additional Expertise:

Title and Escrow, Easements, Construction Lending, Eminent Domain, Home Inspections, Landlord/Tenant, Real Estate Brokers' Standards and Practices, Mortgage Brokers' Standards and Practices, Real Estate Leasing, Real Estate Valuation, Residential Real Estate, Commercial Damages, Underwriting and Appraisal Issues, Fiduciary Duties of Agents to Their Principals, Fraudulent Real Estate and Mortgage Transactions.

Profile

Eric Forster served as the Co-Chair of the Real Estate Experts subcommittee of the American Bar Association from 2009-12. In addition, Eric is active in ADR (alternative dispute resolution) and is on the real estate mediation panels of the American Arbitration Association. He has arbitrated civil claims for The New York Stock Exchange and the Chicago Board of Trade.

Eric is the author of the Mortgage Applicant's Bible, a mortgage primer, as well as numerous trade articles. He has written a Q & A real estate column for the past 20 years.

Areas Served

All States

Professional Experience

· Eric Forster Inc.
President, 1993 - Present
Los Angeles, California

· Forster Realty Advisors
Principal, 1997 - Present
Los Angeles, California

· Great Western Bank
Loan Officer, 1990 - 1993

· Home Savings of America
Loan Officer, 1986 - 1990

· Bankers Group
Partner, 1983 - 1986

· J.D. Kelleher Realty
Branch Manager, 1981 - 1982
Pacific Beach, California

Licenses

· CA DRE Broker, License No. 827388
· FINRA (NASD-NYSE) Arbitrator, License No. A55740
. NFA (futures) Arbitrator, License No. 0412838
. Freddie Mac Underwriter & Seller No. 121555
. Certified Master Analyst in Financial Forensics, NACVA, MAFF (With a specialty in commercial real estate damages and lost profits)

Legal Experience & Services

Forster Realty Advisors' Managing Partner Eric Forster has legal experience and provides services in the following issues:

• 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)
• Mortgage brokers' malpractice issues, conflicts of interest and commission compensation issues
• Real estate damages and loss of profits

Affiliations

American Bar Association (Chair, Real Estate Experts Subcommittee, 2009-2012)

California State Bar (Committee on Mandatory Fee Arbitration, Public Member, 2011-2012)

National Association of Certified Valuation Analysts

American Real Estate and Urban Economic Association

American Arbitration Association (Real Estate panel)

Board of Arbitrators, Financial Industry Regulatory Authority (Arbitrator No. A55740)

Board of Arbitrators, National Futures Association (Arbitrator No. 0412838)

Better Business Bureau Auto Line (Arbitrator)

Qualifications

Qualified expert witness in federal, state and probate courts

Awards & Honors

Recognition for Excellence - California state Senate

Certificate of Appreciation - Los Angeles City Attorney

Certificate of Appreciation - Los Angeles County Superior Court

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

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.

Professional References

Upon request.

Education

Business/Economics Education:

University of London School of Law, LLM (Trade arbitration)

Pepperdine University Graziano Graduate School of Business, MBA

MIT Department of Urban Studies & Planning, Professional Certificate

Cornell University Graduate School of Business, Certificate in Economics & Business Strategy