Beware of RealtyTrac listings of foreclosed homes. They are very often (perhaps unintentionally) quite misleading. The low, low price of the home presented is often the payoff amount of the loan that has been defaulted on, but does not reflect the price at which the bank will eventually offer the property for sale. Many Trulia users have experienced quite a bit of frustration with the numbers presented by RealtyTrac (including agents like myself who must constantly explain the above to our clients and prospective clients!).
That said, there are quite a few great deals on foreclosed homes in desirable areas of Oakland and Berkeley. If I can be of any assistance in your search, please contact me directly.
Cameron Platt, JD, CRS
Platt Inc. Real Estate