Washington Mutual is now offering its REOs on-line

WaMu has finally figured out that in order to get of its huge inventory of 40,000 bank owned properties (second largest behind only Countrywide HomeLoans' approximately 58,000 properties), it needs to reach out directly to the public by advertising on-line rather than have its broker network take care of it. 

It may have to do with the fact that WaMu is now part of JP Morgan Chase, that all of a sudden there is an urgency to sell the bank owned properties.  Maybe before the takeover, there was a sense of "ifwe do notlet the public know we have this many properties in our inventory, they will not realize we are in trouble".   As you may know, WaMu was the largest originator of subprime loans and these risky option ARMs, they are now foreclosing at an alarming rate.

For listings of all bank owned properties,check out http://myneighborhoodforeclosures.com/ or http://allforeclosures.googlepages.com/lenderwebsites