Ada Focer

2 Posts

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 [email protected].

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The Price is Wrong

May 1, 2001 | Ada Focer

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 the price were zero, substantial subsidies […]

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

January 1, 2000 | Ada Focer

Vincent Quayle and the folks at the St. Ambrose Housing Aid Center in Baltimore began to sense something was wrong about 1997, when people began coming to them for foreclosure […]