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You can find the REO’s on their respective websites, but note that they are usually sold through realtors who specialize in this sort of thing:
http://bankofamerica.reo.com/search/
http://www.citimortgage.com/Mortgage/Oreo/SearchListing.do
http://mortgage.chase.com/pages/other/co_properties_landing.jsp
http://www.premierereo.com/reo/consumerSvlt/nav/ConsumerNavL1.jsp/requestPage/consumer/PropertySearch.jsp
http://www.us.hsbc.com/1/2/3/personal/home-loans/properties
Clearly banks are “managing” the process of getting these properties to market.