The forthcoming residential property auction from Allsop on 13th September (unlucky for some) boasts over 275 lots from across the country including 107 from distressed lots (I'm guessing mortgage companies in possession).
You can view the online catalogue here.
We are now 4 years on from the big financial fall out but there is no signs of any immediate up turn. With banks still reluctant to lend as they deleverage their balance sheets. This obviously depresses asset values and potentially presents the brave investor with a long term bargain (emphasis on long-term).
For more details on buying a property at auction.