Good Morning.. Finding Bank Owned properties is best done with a good agent. I have listed many REO - Bank Owned properties and had clients trying to find deals. The reality is that many people try to Short Sale or Modify their Loans before loosing the home to "The Bank". The reality is the Bank is really only the Servicing company for Investors most of the time, so even when there is an Auction, The Investors Foreclose during the auction, outbidding buyers with cash, so they can wipe out other loans and end up with the property as lower total cost with good write-offs, then they hire a Broker to sell the home as "REO- Real Estate Owned" by the investor and "Serviced" by the Bank. Let me know if you need help.