Indianapolis Foreclosures & REOs

REO stands for real estate owned property. These are properties that have been foreclosed upon by the lending bank and are now owned by that financial institution. Indianapolis foreclosed homes and REOs are a smart choice for people searching the Indiana real estate market for their first home, a second home, or an investment property. Foreclosed homes are usually sold for far less than their actual market value and can range in price from well under $100,000 to the $400,000 price range.

There are a number of additional hoops that homebuyers must jump through in order to purchase a foreclosed home from a bank, but with an experienced realtor on your side, you can be sure that the whole process will move as smoothly and quickly as possible. The right real estate agent can help you determine which homes are the best deals and give you all of the legal guidance that you will need in order to successfully complete your Indiana real estate purchase.

Indianapolis Area Foreclosures

216 Properties Found. Showing 1-12
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9053 Anchorage Drive
Indianapolis, IN 46236
9053 Anchorage Drive Indianapolis, IN 46236
1 of 21
$499,900
Subdivision: Admirals Bay
BEDS
4
BATHS
6
SQ.FT.
4,248
BUILT
1995
ON SITE
33Days
MLS
21438184
Stunning home in Admirals Bay! This glorious 2 story home sits on half a wooded acre with a large sunroom to enjoy the view! With 4 bedrooms and 5.5 baths, formal dining room and laundry with...
8061 Middle Bay Lane
Indianapolis, IN 46236
8061 Middle Bay Lane Indianapolis, IN 46236
1 of 2
$324,900 ( $20,000 )
Subdivision: N/A
BEDS
4
BATHS
5
SQ.FT.
3,722
BUILT
2003
ON SITE
73Days
MLS
21430525
Beautiful home with multiple features close to Geist! Walkout lower level, including FR w/FP, bonus rm, office, & storage area. Deck on both levels. Deeded boat dock included. Appliances included...
8938 Crystal River Drive
Indianapolis, IN 46240
8938 Crystal River Drive Indianapolis, IN 46240
1 of 4
$315,300 ( $3,800 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,347
BUILT
2003
ON SITE
40Days
MLS
21435888
REO Property. Property Sold AS-IS W/O Repair, Warranty or Seller Disclosure. The Listing Broker & Seller assume no responsibility & make no guarantees, warranties or representations as to the...
5949 Guilford Avenue
Indianapolis, IN 46220
5949 Guilford Avenue Indianapolis, IN 46220
1 of 24
$275,000 ( $9,900 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,006
BUILT
1928
ON SITE
28Days
MLS
21439090
The Perfect Location in Broad Ripple! One Block to Monon Trail, Two to the Village! Updated 3BR/3 FULL BA on corner lot. Updated kitchen with Stainless Steel Appls and granite counters. 2 Full Baths...
8279 Ambleside Court
Indianapolis, IN 46256
8279 Ambleside Court Indianapolis, IN 46256
1 of 15
$247,500
Subdivision: Ridgewood Hills
BEDS
4
BATHS
3
SQ.FT.
3,610
BUILT
2001
ON SITE
88Days
MLS
21413394
HUD HOME SOLD IN "AS-IS" CONDITION (CASE # 151-935600) 4BR/2.5BA HOME IN RIDGEWOOD HILLS. INTERIOR FEATURES A LIVING RM, KITCHEN w/ CTR ISLND, BREAKFAST RM, FORMAL DINING RM, FAMILY RM W/ FP, MN-LVL...
511 Oakwood Drive
Indianapolis, IN 46260
511 Oakwood Drive Indianapolis, IN 46260
1 of 10
$224,900
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,756
BUILT
1961
ON SITE
18Days
MLS
21441947
Amazing setting with large mature trees and a half an acre lot in gorgeous Williams Creek Heights subdivision. This large all brick ranch offers 2 car garage, 3 bedrooms, and 3 full baths. Large...
5815 Mustang Court
Indianapolis, IN 46228
5815 Mustang Court Indianapolis, IN 46228
1 of 18
$202,500 ( $7,400 )
Subdivision: Saddlebrook
BEDS
3
BATHS
3
SQ.FT.
3,494
BUILT
1992
ON SITE
56Days
MLS
21433542
This move in ready home is sitting on a cul de sac lot with mature trees. Main floor master suite with garden tub, separate shower and double vanities. 2 story great rm w/ fireplace, formal dining...
9154 Venona Way
Indianapolis, IN 46234
9154 Venona Way Indianapolis, IN 46234
1 of 14
$159,900 ( $10,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,978
BUILT
2003
ON SITE
39Days
MLS
21437100
Beautiful 4 bedroom 2.5 bath 2-story located in the quiet neighborhood of West Wayne Woods. Home has brand new Roof, Interior & Exterior paint, Carpet, Vinyl, bathroom faucets, and stainless...
511 S Palmyra Drive
Indianapolis, IN 46239
511 S Palmyra Drive Indianapolis, IN 46239
1 of 18
$159,900 ( $5,000 )
Subdivision: Creekside Woods
BEDS
4
BATHS
3
SQ.FT.
3,375
BUILT
1991
ON SITE
31Days
MLS
21420336
Completely updated 2 story located on a cul-de-sac. All new paint, flooring, hvac, water heater, fixtures, appliances, landscaping, ect. Enjoy your large rear fenced yard from huge rear deck...
6422 Hollingsworth Drive
Indianapolis, IN 46268
6422 Hollingsworth Drive Indianapolis, IN 46268
1 of 11
$158,900
Subdivision: Crooked Creek
BEDS
3
BATHS
3
SQ.FT.
1,886
BUILT
1999
ON SITE
3Days
MLS
21443493
Great three bedroom home with a large loft area. Large master suite with Jacuzzi tub in the master bedroom. Open floor plan with spacious family room with fireplace.
3751 W 46Th Street
Indianapolis, IN 46228
3751 W 46Th Street Indianapolis, IN 46228
1 of 13
$158,500 ( $6,350 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,004
BUILT
1999
ON SITE
285Days
MLS
21348184
Georgous home awaits your finishing touches in Fairway Woods! This 3 bed/2.5 bath traditional style home has over 2000 sqft to stretch out in, or grow in to. Open concept kitchen-family room w/ a...
11021 Brave Court
Indianapolis, IN 46236
Backup Offer
11021 Brave Court Indianapolis, IN 46236
1 of 6
$157,590
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,931
BUILT
1993
ON SITE
124Days
MLS
21419758
This 2,100 square foot home features 4 bedrooms and 2.5 bathrooms. This property was built in 1993. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. CASE NUMBER 151-830443

Buying a Distressed Property

A number of factors can complicate the sale of a foreclosed property. Usually it takes longer to negotiate with the bank than it does with an individual, so it's a great idea to have a realtor on your side that is familiar with the process. The agents at RE/MAX Advanced Realty specialize in buying and selling Indianapolis bank owned properties. We have handled these types of sales hundreds of times, giving us special insight into the process and a unique ability to facilitate complicated foreclosure sales.

Our realtors are also excellent at helping homebuyers assess the actual value of the properties that they're interested in. Many foreclosed Indianapolis homes are in a distressed state with both structural issues and cosmetic issues. These issues can mean months of costly repairs in certain situations. In order to find out whether or not the home you're interested in is actually a wise purchase, our realtors can help you assess the true value of the home, suggest important repairs, and give you tips on cosmetic changes that will significantly improve the look and value of your new home.

Looking for More Information on Indianapolis Foreclosures for Sale?

Your dream home might be available right now among listed Indianapolis homes for sale. With the right realtor, you can find your perfect home for a price that may be far under its actual value.

Get started today by contacting Dennis Nottingham and the RE/MAX Advanced Realty team at 317.298.0961 or by reaching out to us online. You can complete a custom home search for properties for sale in your area before contacting us, or you can let us do the searching for you!

We look forward to helping you find the home of your dreams at an unbelievable price.

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