John Laing Homes: Unfinished Lots and Home Sales on Hold

How do you find a cheap home for sale in the bargain pile from financially distressed builders? Looking into bankruptcy filings, we use John Laing Homes as an example of what buyers might expect from buying from a distressed builder, should it go into bankruptcy.
Jun’09 Update: Properties on Fire Sale
John Laing Homes is undergoing impending [...]