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

59 Properties Found. Showing 1-12
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8931 William Penn Circle
Indianapolis, IN 46256
8931 William Penn Circle Indianapolis, IN 46256
1 of 26
$589,900 ( $10,000 )
Subdivision: N/A
BEDS
4
BATHS
5
SQ.FT.
6,244
BUILT
1994
ON SITE
58Days
MLS
21576126
Stunning, updated 4 bedroom home in desirable Bolander Woods. "Gone With the Wind" staircase welcomes you leading to the suites upstairs .Gleaming hardwood floors in the impressive foyer, office, and...
3766 Totem Lane
Indianapolis, IN 46208
3766 Totem Lane Indianapolis, IN 46208
1 of 27
$533,900
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
4,240
BUILT
1930
ON SITE
30Days
MLS
21583029
Absolutely do not make homes like this one anymore. A real brick beauty with slate roof built in 1930 with the family in mind featuring a large open foyer with circular staircase to bedrooms and...
4190 E 79Th Street
Indianapolis, IN 46250
4190 E 79Th Street Indianapolis, IN 46250
1 of 21
$529,900 ( $182,100 )
Subdivision: N/A
BEDS
4
BATHS
6
SQ.FT.
5,069
BUILT
1949
ON SITE
137Days
MLS
21556274
One of a kind property in Washington Township! Too many unique features to highlight here, but this custom built home is a must see for owner-occupants and investors alike. Over 6000sqft, 4+...
7909 Preservation Drive
Indianapolis, IN 46278
7909 Preservation Drive Indianapolis, IN 46278
1 of 29
$314,820
Subdivision: The Preserve At Eagle Creek
BEDS
4
BATHS
4
SQ.FT.
5,521
BUILT
2002
ON SITE
13Days
MLS
21586428
Great opportunity on this very spacious 2-story home with attached 3 car garage. It offers approximately 3,636 square feet of living space with 4 bedrooms and 3.1 bathrooms. Great open floor plan....
11724 Crab Apple Road
Indianapolis, IN 46239
11724 Crab Apple Road Indianapolis, IN 46239
1 of 27
$250,000 ( $9,900 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
3,136
BUILT
2002
ON SITE
37Days
MLS
21576086
Updated home in custom community features over 3000 sq ft of comfort. Gleaming hardwood floors welcome you to suburban living at its best. Large eat-in kitchen with new stainless appliances, formal...
1652 Spann Avenue
Indianapolis, IN 46203
1652 Spann Avenue Indianapolis, IN 46203
1 of 21
$250,000
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
1,817
BUILT
1900
ON SITE
21Days
MLS
21584612
Completly renovated by extremely innovative owner. Living room and dining room have breath-taking multiple-tray ceilings and gleaming hardwood floors. Unusual mirror effect in family room. All...
6910 Copper Mountain Court
Indianapolis, IN 46236
6910 Copper Mountain Court Indianapolis, IN 46236
1 of 30
$239,000
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,027
BUILT
1991
ON SITE
20Days
MLS
21585126
Move in ready home in Lawrence Township just minutes to Geist Reservoir, Fort Harrison State Park and interstate access! Enjoy the view of the pond from the wood deck. New updates include new HVAC,...
1905 Zachary Lane
Indianapolis, IN 46231
1905 Zachary Lane Indianapolis, IN 46231
1 of 19
$215,000 ( $20,000 )
Subdivision: Bentwood Park
BEDS
5
BATHS
3
SQ.FT.
3,880
BUILT
2005
ON SITE
65Days
MLS
21574646
Hard to find 5 bed / 3 full bath, full brick front 2 story in Avon school system. 4 beds up w/ guest bed & bath on main level. Updated w/ laminate floors throughout main level & 9' ceilings. Formal...
5116 Laurel Hall Drive
Indianapolis, IN 46226
5116 Laurel Hall Drive Indianapolis, IN 46226
1 of 38
$184,900 ( $5,000 )
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
3,682
BUILT
1956
ON SITE
37Days
MLS
21581557
Peaceful, quiet neighborhood with minimal traffic, close to everything! This home includes over 1800 sq. ft. on main level, 3 bedrooms, 2 baths, and 2-car attached garage. Enjoy the additional...
8504 Smithfield Lane
Indianapolis, IN 46237
8504 Smithfield Lane Indianapolis, IN 46237
1 of 22
$149,900
Subdivision: Smithfield
BEDS
3
BATHS
2
SQ.FT.
1,454
BUILT
2000
ON SITE
24Days
MLS
21584408
Great deal on this ranch home in popular Franklin Township. Just a short drive to interstate access, restaurants and shopping. Features of this 3 bedroom, 2 bath home include a fenced back yard, wood...
7060 Harness Lakes Drive
Indianapolis, IN 46217
7060 Harness Lakes Drive Indianapolis, IN 46217
1 of 17
$147,900 ( $7,000 )
Subdivision: Harness Lakes At Wellings
BEDS
3
BATHS
3
SQ.FT.
1,607
BUILT
2001
ON SITE
41Days
MLS
21579445
Great South side home in beautiful neighborhood! Home features 3 bedrooms 2.5 bathrooms and a 3 car attached garage. You'll love the great fenced back yard and nice floorplan.
4619 Oakforge Drive
Indianapolis, IN 46254
4619 Oakforge Drive Indianapolis, IN 46254
1 of 18
$135,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
1,424
BUILT
1995
ON SITE
3Days
MLS
21589943
"Virtual furnishings may have been added to photos found in this listing.Updated interior with new paint, carpet, vinyl flooring and some stainless steel kitchen appliances." Home has a spacious...

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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