I don't know if you're really in the market to buy, and I know it's been beat to death that this is a buyers market, but there have been some crazy deals on auction properties in my area. A house in my grandmothers neighborhood went for $13,000 two weeks ago. This was a nice house in a decent neighborhood too. I would have bought it myself if I had known about it. 
I'm going to check out an open house either this Saturday or next. 
ATLANTIC BEACH Foreclosures - 1168 NANTUCKET AVE ATLANTIC BEACH, FL 32233 - Auction.com 
It's less than a mile from the ocean with a community boat ramp in the intercoastal waterway. Depending on what the house needs I'll put a $50,000-60,000 bid on it. The starting bid is 29K. 
Check this site out. 
Auction.com | Online Real Estate Bidding | Foreclosures | REO Homes