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

157 Properties Found. Showing 1-12
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4404 Guion Road
Indianapolis, IN 46254
4404 Guion Road Indianapolis, IN 46254
1 of 43
$775,000
Subdivision: N/A
ACRES
5
ON SITE
69Days
MLS
21457480
Office and warehouse located in Northwest Indianapolis. Property is situated on 5 acres. 27 parking spaces, sprinkler system, 10x12 overhead drive in door, good condition, 12,580 total SF 5,210 SF...
9030 Fall Creek Road
Indianapolis, IN 46256
9030 Fall Creek Road Indianapolis, IN 46256
1 of 48
$700,000
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
9,927
BUILT
2008
ON SITE
24Days
MLS
21463213
9,927sf! 6 garages! Carriage house! Walkout! Extraordinary one-of-kind cust.luxury estate combining a bit of contemporary&traditional w/high-end feat.seldom found at this price point.Hallmark of this...
9053 Anchorage Drive
Indianapolis, IN 46236
9053 Anchorage Drive Indianapolis, IN 46236
1 of 8
$449,900 ( $25,000 )
Subdivision: Admirals Bay
BEDS
4
BATHS
6
SQ.FT.
4,248
BUILT
1995
ON SITE
135Days
MLS
21448241
Fantastic 4 bedroom/4.5 bath nestled on a wooded lot in Admiral's Bay. The property features an impressive 2 story entry and flowing layout. This property is great for entertaining with a spacious...
8257 Walden Glen Court
Indianapolis, IN 46278
8257 Walden Glen Court Indianapolis, IN 46278
1 of 23
$217,500
Subdivision: N/A
BEDS
6
BATHS
4
SQ.FT.
3,840
BUILT
1999
ON SITE
2Days
MLS
21467696
What an amazing home! This must see home features 6 bedrooms, 3.5 bathrooms and a full walkout basement. This home is located close to Traders Point shopping center and has easy highway access....
6603 N Park Avenue
Indianapolis, IN 46220
6603 N Park Avenue Indianapolis, IN 46220
1 of 14
$195,000
Subdivision: Warfleigh
BEDS
3
BATHS
1
SQ.FT.
2,952
BUILT
1926
ON SITE
37Days
MLS
21459304
Beautiful 3 bedroom English Tudor home. This home offers so much from its adorable exterior with large deck out back to its charming living room with vaulted ceilings and wood burning fireplace....
7248 Lakeland Trails Boulevard
Indianapolis, IN 46259
7248 Lakeland Trails Boulevard Indianapolis, IN 46259
1 of 14
$190,800
Subdivision: Lakeland Trails
BEDS
4
BATHS
3
SQ.FT.
3,577
BUILT
2005
ON SITE
97Days
MLS
21453431
Four bedroom, traditional style home with a great floor plan. Open kitchen flows nicely into the great room, partial basement, two full and a half baths. REO Property. Property Sold AS-IS W/O...
6232 E Edgewood Avenue
Indianapolis, IN 46237
6232 E Edgewood Avenue Indianapolis, IN 46237
1 of 15
$189,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,364
BUILT
1966
ON SITE
33Days
MLS
21461630
Fantastic multi-level home on a 2.6 acre lot. Gorgeous kitchen with upgraded maple cabinets and brand new stainless appliances. Hardwood floors, fresh paint, light fixtures, and new interior finishes...
10039 Indian Lake N Boulevard
Indianapolis, IN 46236
Backup Offer
10039 Indian Lake N Boulevard Indianapolis, IN 46236
1 of 23
$185,000 ( $15,000 )
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,422
BUILT
1988
ON SITE
64Days
MLS
21457095
Absolutely stunning ranch! 3 Bdrm/2 Bath completely remodeled and move-in ready. Updated kitchen w recessed counter lighting, Stainless Steel appliances. Amazing natural lighting, soaring ceiling in...
4805 Sylvan Road
Indianapolis, IN 46228
4805 Sylvan Road Indianapolis, IN 46228
1 of 12
$179,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
1,421
BUILT
1958
ON SITE
11Days
MLS
21465132
Rare find in desirable Morningside neighborhood. This 4 bedroom, 3 full bath ranch has been completely updated with all new kitchen cabinets and renovated bathrooms. The master bedroom features a...
5934 Carrollton Avenue
Indianapolis, IN 46220
5934 Carrollton Avenue Indianapolis, IN 46220
1 of 28
$179,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,972
BUILT
1934
ON SITE
4Days
MLS
21467453
Must see home located in the Broad Ripple area. Located close to shopping, restaurants and the Monon Trail. This 3 bedroom, 1.5 bath features beautiful hardwoods throughout, a family room with wood...
1125 Sedgehill Lane
Indianapolis, IN 46239
1125 Sedgehill Lane Indianapolis, IN 46239
1 of 19
$169,000
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
4,060
BUILT
2003
ON SITE
11Days
MLS
21465308
Spacious Two Story with Full Basement, this house boast of 4bedroom, 2.5 baths, Large Kitchen, Great Room, Dining Room and Large Master Bedroom and Master Bath. Nice screened in deck overlooking...
8844 Alto Way
Indianapolis, IN 46231
8844 Alto Way Indianapolis, IN 46231
1 of 16
$168,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
3,136
BUILT
2003
ON SITE
4Days
MLS
21467445
Spacious 4 bedroom 2.5 bath 2-story home. Enjoy the cozy covered front porch or deck in the back. Large open layout w/ a formal dining room & living room that could be used as an office. Great family...

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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