And we thought foreclosures were just for homeowners! Last month creditor Factors Southwest foreclosed on Titus Bikes in Arizona for failure to pay the bills. British bike company Planet X Ltd. scooped up the brand assets late last month at public auction (though we weren’t able to find the price mentioned anywhere). Too bad Titus couldn’t hold on just a little longer – all signs point to a big recovery in the bike industry with players like Fox posting huge sales gains recently…
