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

118 Properties Found. Showing 1-12
Sort By:
6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
 
$799,000 ( $41,000 )
Subdivision: N/A
ACRES
7
ON SITE
177Days
MLS
21475471
23 lots in Stone Pointe Subdivision.All lots are ready to be built.
9030 Fall Creek Road
Indianapolis, IN 46256
Backup Offer
9030 Fall Creek Road Indianapolis, IN 46256
1 of 48
$600,000 ( $100,000 )
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
9,927
BUILT
2008
ON SITE
234Days
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
Backup Offer
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
131Days
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
$549,900 ( $75,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
195Days
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...
5423 Redberry Court
Indianapolis, IN 46254
Backup Offer
5423 Redberry Court Indianapolis, IN 46254
1 of 21
$285,000
Subdivision: N/A
BEDS
4
BATHS
4
SQ.FT.
4,191
BUILT
2001
ON SITE
54Days
MLS
21502166
Diamond in the rough in Eagle Springs is now available. Plenty of room to build equity and space to stretch out, master on the main, huge 2-story living room and just enough of an open concept...
2934 Sinclair Wood Drive
Indianapolis, IN 46240
2934 Sinclair Wood Drive Indianapolis, IN 46240
1 of 36
$269,900 ( $65,000 )
Subdivision: N/A
BEDS
5
BATHS
5
SQ.FT.
4,129
BUILT
1964
ON SITE
104Days
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...
5928 Brendonridge Court S
Indianapolis, IN 46226
5928 Brendonridge Court S Indianapolis, IN 46226
1 of 18
$259,900 ( $13,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
4,074
BUILT
1960
ON SITE
53Days
MLS
21499981
Do not miss out on this spacious 4 bedroom home in the well-established Brendonridge neighborhood. Brand new roof, new updated kitchen with stainless steel appliances, fresh paint, and new carpet and...
1515 E Southport Road
Indianapolis, IN 46227
1515 E Southport Road Indianapolis, IN 46227
1 of 6
$250,000
Subdivision: N/A
ACRES
2.34
ON SITE
94Days
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...
5546 E Edgewood Avenue
Indianapolis, IN 46237
Backup Offer
5546 E Edgewood Avenue Indianapolis, IN 46237
1 of 4
$220,000
Subdivision: N/A
BEDS
2
BATHS
3
SQ.FT.
5,371
BUILT
1952
ON SITE
36Days
MLS
21505825
There is a ton of Potential here, it's ready to bring this property back to life. Nearly 3000 Sq.Ft home with full basement, 2 bedroom, 3 bathrooms Situated on 5.13 acre lot. 30x15 Great Room, 2Car...
8835 S Tibbs
Indianapolis, IN 46217
8835 S Tibbs Indianapolis, IN 46217
1 of 15
$183,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
3,004
BUILT
2012
ON SITE
39Days
MLS
21506738
4 bedroom 2.5 bath with 3004 square feet. Upgraded kitchen cabinets. 9 foot ceilings on the main level. Garden tub, separate shower and huge walk in closet in the master. Really nice view of the...
530 Golf Lane
Indianapolis, IN 46260
530 Golf Lane Indianapolis, IN 46260
1 of 12
$179,900 ( $37,900 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,225
BUILT
1973
ON SITE
47Days
MLS
21505058
This 4 bedroom, 2.5 bath home situated on a .55 acre lot in the Spring Mill Estates neighborhood has so much potential! Over 2,200 sq ft, eat-in kitchen overlooks the family room with a brick...
11260 Fonthill Drive
Indianapolis, IN 46236
11260 Fonthill Drive Indianapolis, IN 46236
1 of 13
$175,000 ( $32,000 )
Subdivision: Shorewalk
BEDS
2
BATHS
3
SQ.FT.
1,816
BUILT
1996
ON SITE
65Days
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...

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
Monday, September 18, 2017

Will you make tons of money in the real estate business? IBJ’s All-Star Agent Teams #1 Team Leader Answers.

                                 Owning a home is one of the most significant landmarks in a person's life. It's ...  Read More