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

108 Properties Found. Showing 1-12
Sort By:
6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
 
$840,000
Subdivision: N/A
ACRES
7
ON SITE
58Days
MLS
21475471
23 lots in Stone Pointe Subdivision.All lots are ready to be built.
1720 Pine Meadow Drive
Indianapolis, IN 46234
1720 Pine Meadow Drive Indianapolis, IN 46234
1 of 32
$589,900 ( $35,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
76Days
MLS
21471068
Fantastic custom home in popular Estates of Wynbrooke. One of the best lots in the subdivision - on cul-de-sac and backs up to wooded area with stream. Interior has a complete makeover and is truly...
9011 Promontory Road
Indianapolis, IN 46236
9011 Promontory Road Indianapolis, IN 46236
1 of 24
$589,900
Subdivision: Admirals Pointe
BEDS
5
BATHS
4
SQ.FT.
7,667
BUILT
2006
ON SITE
12Days
MLS
21451485
Stunning custom home in popular Geist area neighborhood. This home has been completely updated. Fresh paint, new carpet, and updated fixtures throughout. Gourmet kitchen with walk-in pantry and...
8605 Vine Maple Way
Indianapolis, IN 46278
8605 Vine Maple Way Indianapolis, IN 46278
1 of 18
$349,900
Subdivision: The Preserve At Eagle Creek
BEDS
5
BATHS
5
SQ.FT.
4,983
BUILT
2006
ON SITE
37Days
MLS
21480122
Beautiful, spacious 2 story home in The Preserve at Eagle Creek is a must see! The master suite has a large bdrm. with tray ceiling, large master bath with walk in shower, a jacuzzi tub AND a huge...
8276 Morel Drive
Indianapolis, IN 46256
8276 Morel Drive Indianapolis, IN 46256
1 of 16
$299,000 ( $24,900 )
Subdivision: Ridgewood Hills
BEDS
4
BATHS
3
SQ.FT.
3,256
BUILT
2001
ON SITE
54Days
MLS
21476477
Beautifully updated home featuring 4 bedrooms and 2.5 baths, new carpet, fresh paint, updated lighting, the list goes on! Spacious kitchen with center island provides plenty of work and storage...
6959 Powder Drive
Indianapolis, IN 46259
6959 Powder Drive Indianapolis, IN 46259
1 of 15
$245,000
Subdivision: Breckenridge
BEDS
4
BATHS
3
SQ.FT.
4,050
BUILT
2006
ON SITE
24Days
MLS
21483732
HUD home selling as-is. This home in Breckenridge has unlimited potential. Home features a dramatic 2 story entry, great room with fireplace and full wall windows. It has an open floor plan for...
5246 Himalayan Drive
Indianapolis, IN 46239
5246 Himalayan Drive Indianapolis, IN 46239
1 of 29
$199,900 ( $10,000 )
Subdivision: Wildcat Run
BEDS
5
BATHS
3
SQ.FT.
2,982
BUILT
2009
ON SITE
30Days
MLS
21480929
AMAZING 5 BEDROOM HOME!! This move in ready home has been fully renovated and includes new paint and flooring throughout. The large eat in kitchen features beautiful granite counter tops, which can...
5795 Spruce Knoll Court
Indianapolis, IN 46220
5795 Spruce Knoll Court Indianapolis, IN 46220
1 of 13
$194,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,379
BUILT
1999
ON SITE
33Days
MLS
21480759
Awesome and spacious 4 bedroom, 3 full bath condo in popular Spruce Knoll. This is one of the largest units in the neighborhood. Features a master suite with a Jacuzzi bath and two story great room...
1202 N New Jersey Street
Indianapolis, IN 46202
Backup Offer
1202 N New Jersey Street Indianapolis, IN 46202
1 of 18
$194,000
Subdivision: N/A
BEDS
4
BATHS
4
SQ.FT.
3,976
BUILT
1900
ON SITE
37Days
MLS
21479807
This charmer represents "The Old Northside" very well. Features include 4 bedrooms, 2.5 baths, large foyer, kitchen, dining room, living room, family room, den, off street parking, large covered...
6730 Coppel Court
Indianapolis, IN 46259
Backup Offer
6730 Coppel Court Indianapolis, IN 46259
1 of 18
$179,900
Subdivision: Indian Creek Meadows
BEDS
4
BATHS
3
SQ.FT.
2,177
BUILT
2004
ON SITE
12Days
MLS
21486021
Home sits on an awesome cul-de-sac lot within walking distance of schools. Home also features all new carpet and fresh paint throughout. There is plenty of room for the family with an office, large...
50 N Kenmore Road
Indianapolis, IN 46219
Backup Offer
50 N Kenmore Road Indianapolis, IN 46219
1 of 26
$170,000
Subdivision: Irvington
BEDS
4
BATHS
2
SQ.FT.
2,526
BUILT
1920
ON SITE
43Days
MLS
21476471
Four side brick offers alley access to attached two car garage and additional car port. Home needs love to restore it's beauty but maintains many fine sought after original features! Wood cased...
12713 Briarhill Drive
Indianapolis, IN 46236
12713 Briarhill Drive Indianapolis, IN 46236
1 of 4
$169,900
Subdivision: N/A
BEDS
4
BATHS
5
SQ.FT.
2,431
BUILT
1997
ON SITE
2Days
MLS
21488273
Description prohibited from being displayed by listing agent...

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.

New Listing

Email Alerts

Subscribe Today!
Testimonials

 

Learn More!
Your Home Sold

Guaranteed

Contact Us Now!
From Our Blog
Wednesday, April 29, 2015

6 Step Guide to Selling Your Home

6 Step Guide to Selling Your Home Prepare your home to sell -  Acknowledge that all markets are different.  What may be a Seller's Market in Indianapolis may be a Buyer's Market in Fort Wayne.  Each ...  Read More