Welcome aboard the Foreclosure Bus Tour. According to local news reports in the US, the big orange bus has been spotted in Orlando, Phoenix, Detroit, Kansas City, Jacksonville, Pismo Beach, and Sacramento; and according to Foreclosure Bus Tours, there are scheduled stops planned for New Haven, Chicago, Pittsburgh, Atlanta, Ft Lauderdale and a host of other crisis housing markets.

The service is advertised as a way of finding ‘the pick of the litter’ - the best-tended, most lovingly cared-for homes, conveniently rid of down-on-their-luck owners (a few of whom might have been tempted into reckless debt before the crunch hit; a few of whom might have been forced to remortgage to pay medical bills or other unforeseen expenses) and now available to cash investors at fire sale prices.

Our publisher, and his guest column, over at Citywire.

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