Most communities have foreclosures and short sales in the Phoenix valley. It would be hard to find a neighborhood right now without these. Phoenix area has been hard hit by the real estate collapse. Your best bet is to walk and drive the neighborhood, research the schools, crime and taxes and use an agent familiar with the community to help guide you.
Good luck in your home search
Maryvale is a decent area. It has foreclosed homes like a lot of communites around Phoenix. This is also a high rental area. You can google Maryvale for more info on the area, also check out city-data.
SunState Investments, LLC
This is a great question....the fact of the matter is that because you can find very low priced homes in an area doesn't always mean that the home is the best value.
Many would advise that the best deal(not the cheapest home) in a stable and desirable neighborhood may be the way to go......