In short, Yes they are!
The trick is to know where to find them.
If you are looking at preforeclosures you will be traveling down a frustrating road that leads to aggravation and little results. If you are looking for the most current and accurate list of foreclosures USHUD.com is the provides the most updated list of foreclosures and all the properties on the site are currently on the market. Preforeclosures are NOT on the market and therefore are not available to purchase. They may be in the future but betting on someone to falter on their mortgage payments is not a wise wager.