Foreclosure deals are harder to find in Denver. That being said, 99% of clients I speak to are not looking to fix and flip a home, they are buying a home for the long term. The often overlooked "deal" is finding 30 year fixed financing at these levels! That's the real deal in my mind. People can borrow money, that with tax benefits, is near inflation levels. In most of the world, home financing is not available in a 30 year fixed format, most are adjustable rates.

http://www.denverpost.com/business/ci_25019102/foreclosures-denver-metro-area-decrease-by-45-percent