MLS-2.com is working on a bigger solution to that search problem, but here is at least one of the bigger players in foreclosures you can search on - Countrywide REOs  (Real Estate Owned). In fact, they have a pretty big California inventory of homes according to LoanWorkout.org

But wait! DON’T Act Now, don’t pick up the phone!

Let’s just see first if countrywide is forced (or chooses) to use the same tactic so many of their borrowers are using & stop paying the mortgage. If they file BK, does that make all their REOs DOUBLE FORECLOSURES!?

Sure, you’ll need to be Warren Buffet or have your own hedge fund to buy them in bulk, but even when those guys resell them to us lilliputians, they should be cheaper than the asking price today (and not simply more market slide.)