Can you search MLS homes listed for sale below their assessed value?

[David O.]

I found recently a house for sale on the MLS below its assessed property tax value. I found out it was a bank owned REO, free and clear, and missed out on the deal on a great deal by 24 hours. Is there anyway to search the MLS for homes listed / for sale below their property assessed value? Or is there any custom programs / services / software that offers such search capabilities? It would be interesting to know if such search functions exist.