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

219 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
6Days
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...
8202 Bluff Road
Indianapolis, IN 46217
8202 Bluff Road Indianapolis, IN 46217
1 of 12
$389,900
Subdivision: N/A
BEDS
6
BATHS
4
SQ.FT.
5,503
BUILT
1923
ON SITE
34Days
MLS
21432517
Fantastic property on 4.5 acres. Over 5200 sq ft of living space. Six bedrooms. Two detached 2 car garages with loft apartments and in law quarters between the garages. In ground pool. A rare find.
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
46Days
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
$319,100
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,347
BUILT
2003
ON SITE
13Days
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...
5815 Mustang Court
Indianapolis, IN 46228
5815 Mustang Court Indianapolis, IN 46228
1 of 18
$209,900
Subdivision: Saddlebrook
BEDS
3
BATHS
3
SQ.FT.
3,494
BUILT
1992
ON SITE
29Days
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...
8332 Crystal Pointe Lane
Indianapolis, IN 46236
8332 Crystal Pointe Lane Indianapolis, IN 46236
1 of 21
$209,900
Subdivision: Crystal Pointe
BEDS
4
BATHS
3
SQ.FT.
3,226
BUILT
1996
ON SITE
22Days
MLS
21434932
Spacious 4 bedroom, 2.5 bath home in Crystal Pointe! With nearly 2300 square feet of finished living space, this home has much to offer any buyer! With its grand two story entrance to the private...
7846 Valley Trace Lane
Indianapolis, IN 46237
7846 Valley Trace Lane Indianapolis, IN 46237
1 of 21
$179,888
Subdivision: Whitaker Valley
BEDS
4
BATHS
3
SQ.FT.
2,494
BUILT
2002
ON SITE
11Days
MLS
21437410
No description available...
2441 Inishmore Court
Indianapolis, IN 46214
2441 Inishmore Court Indianapolis, IN 46214
1 of 8
$177,900
Subdivision: Heathery At Country Club
BEDS
4
BATHS
3
SQ.FT.
3,124
BUILT
2002
ON SITE
31Days
MLS
21433155
Move-in ready 4 bedrooms, 2.5 baths, featuring a daylight basement. The property features a formal living and dining room, and a fireplace in the family room. Home is located on a cul-de-sac of a...
9154 Venona Way
Indianapolis, IN 46234
9154 Venona Way Indianapolis, IN 46234
1 of 14
$169,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,978
BUILT
2003
ON SITE
12Days
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
$164,900
Subdivision: Creekside Woods
BEDS
4
BATHS
3
SQ.FT.
3,375
BUILT
1991
ON SITE
4Days
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...
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
258Days
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...
6333 Jakes Place
Indianapolis, IN 46237
Backup Offer
6333 Jakes Place Indianapolis, IN 46237
1 of 12
$155,900
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,032
BUILT
2001
ON SITE
19Days
MLS
21435427
Spacious 4 bedroom 2.5 bath. Newly renovated 2 story home! Brand new carpet, and laminate flooring, upgraded lighting, New paint, stainless appl, new faucets, Two car garage, Great lot with fenced...

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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