You can also go to a real estate agent and ask for a list. Like someone stated above they might be picked over. However, you never know you might find your dream house.

If you are in the business of fixing them up and turning around and selling them you might be able to get a great return on your investment.

I think this angle is one that just requires a lot of attention. If you diligently research the market, keep aware of what is out there, know what is in foreclosure and know the areas and condition of homes, then you can act quickly when that deal comes along that is too good to pass up.