There is a differences between bank owned homes and bank owned homes currently on the market. This differences is often referred to as 'shadow inventory'. Any local real estate agent will be able to supply you with a list of bank owned homes currently listed. To get information on the shadow inventory will take a little extra effort. Some paid web sites like foreclosureradar.com (although they have a free 3 day trial period) have very current information. Trying to purchase the inventory not yet listed for sale may prove difficult.