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

124 Properties Found. Showing 1-12
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6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
 
$799,000 ( $41,000 )
Subdivision: N/A
ACRES
7
ON SITE
118Days
MLS
21475471
23 lots in Stone Pointe Subdivision.All lots are ready to be built.
9030 Fall Creek Road
Indianapolis, IN 46256
9030 Fall Creek Road Indianapolis, IN 46256
1 of 48
$650,000 ( $50,000 )
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
9,927
BUILT
2008
ON SITE
175Days
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...
9011 Promontory Road
Indianapolis, IN 46236
9011 Promontory Road Indianapolis, IN 46236
1 of 24
$569,900 ( $20,000 )
Subdivision: Admirals Pointe
BEDS
5
BATHS
4
SQ.FT.
7,667
BUILT
2006
ON SITE
72Days
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...
1720 Pine Meadow Drive
Indianapolis, IN 46234
1720 Pine Meadow Drive Indianapolis, IN 46234
1 of 32
$559,900 ( $65,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
136Days
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...
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
97Days
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...
2934 Sinclair Wood Drive
Indianapolis, IN 46240
2934 Sinclair Wood Drive Indianapolis, IN 46240
1 of 36
$314,900 ( $20,000 )
Subdivision: N/A
BEDS
4
BATHS
5
SQ.FT.
4,129
BUILT
1964
ON SITE
45Days
MLS
21491165
Nice neighborhood with only 4 homes on the cul-de-sac. Spacious home with two master bedrooms and two master baths, walk-in closets, plus three additional bedrooms. The office area could be...
8276 Morel Drive
Indianapolis, IN 46256
8276 Morel Drive Indianapolis, IN 46256
1 of 16
$269,900 ( $54,000 )
Subdivision: Ridgewood Hills
BEDS
4
BATHS
3
SQ.FT.
3,256
BUILT
2001
ON SITE
114Days
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...
1515 E Southport Road
Indianapolis, IN 46227
1515 E Southport Road Indianapolis, IN 46227
 
$250,000
Subdivision: N/A
ACRES
2.34
ON SITE
35Days
MLS
21493596
C1 zoned property perfect for office space, daycare, church recreational center. Three bedroom Three bath currently used partially for residential. Fully finished basement has full service salon and...
8740 Bay Pointe Circle
Indianapolis, IN 46236
8740 Bay Pointe Circle Indianapolis, IN 46236
1 of 22
$236,000
Subdivision: Admirals Bay
BEDS
4
BATHS
3
SQ.FT.
3,385
BUILT
1993
ON SITE
5Days
MLS
21501845
2 Story Home in Admirals Bay. Back Yard is so charming with a Screened porch, 2 Wood Decks for entertaining and Relaxing, Sun or Tree shaded. Large Kitchen, Cooking Island, Pantry and Breakfast area....
9119 Baritone Court
Indianapolis, IN 46231
9119 Baritone Court Indianapolis, IN 46231
1 of 25
$224,900
Subdivision: Salem Creek
BEDS
3
BATHS
2
SQ.FT.
3,942
BUILT
2002
ON SITE
3Days
MLS
21500913
Amazing move in ready ranch style home with full basement located in Salem Creek! Home has fresh paint, new carpet, and brand new HVAC system! This spacious home has room for all and features an...
11260 Fonthill Drive
Indianapolis, IN 46236
11260 Fonthill Drive Indianapolis, IN 46236
1 of 13
$207,000
Subdivision: Shorewalk
BEDS
2
BATHS
3
SQ.FT.
1,816
BUILT
1996
ON SITE
6Days
MLS
21501461
Fabulous condo in Shorewalk! Versatile open floor plan on main level. Move in ready with new tile floor, new carpet, fresh paint,and new s/s appliances. Master suite with huge walk in closet, dual...
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
103Days
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...

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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