Ada Focer

Ada Focer is a Boston-based journalist with a focus on banking, real estate and the inner-city housing markets. She is also the former deputy commissioner of banks in Massachusetts and an FDIC-trained appraiser. She can be reached at

The Price is Wrong

Imagine a vacant, boarded-up shell of a house at auction. The local community development corporation is bidding, though it has calculated that even if...

Flip… Flip… Flip… Flop (Property Flipping and Mortgage Fraud)

Vincent Quayle and the folks at the St. Ambrose Housing Aid Center in Baltimore began to sense something was wrong about 1997, when people...