Homebuilder-Bankruptcy.com

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 [...]

Jun’09 News Flash: Post-Petition Financing Deal Fallen Apart; Fire Sale of Properties Begin
John Laing Homes is undergoing impending liquidation ever since the financing deal fell apart and it has been converted to Chapter 7. We have a list with John Laing real estate properties if you are interested in picking up any properties at a fire sale [...]

John Laing Homes’s CRO declared that the expected rate of return on investment on distressed homes is around 18-20% and that such residential properties are routinely sold in bulk to speculators at 20-25 cents on the dollar.