According to Forbes Magazine, the best places to look for foreclosure deals are in those areas where the underlying economy is stable and where foreclosed property is being offered at a significant discount.  Forbes ranked the top 10 locations as:

1. Charlotte, N.C.
2. Raleigh, N.C.
3. Nashville, Tenn.
4. Oklahoma City, Okla.
5. San Antonio, Texas
6. Albuquerque, N.M.
7. Knoxville, Tenn.
8. Seattle, Wash.
9. Indianapolis, Ind.
10. Washington, DC-Arlington-Alexandria, Va.