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

89 Properties Found. Showing 1-12
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6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
1 of 33
$750,000 ( $90,000 )
Subdivision: N/A
ACRES
7
ON SITE
326Days
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
383Days
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...
1720 Pine Meadow Drive
Indianapolis, IN 46234
1720 Pine Meadow Drive Indianapolis, IN 46234
1 of 30
$524,900 ( $100,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
344Days
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...
6460 Around The Hills Road
Indianapolis, IN 46226
6460 Around The Hills Road Indianapolis, IN 46226
1 of 19
$439,900 ( $10,100 )
Subdivision: N/A
BEDS
3
BATHS
5
SQ.FT.
4,952
BUILT
1960
ON SITE
110Days
MLS
21523028
This mid-century modern bank-owned ranch is a diamond in the rough. Needs renovation but could be stunning once again. Gorgeous 5 acre wooded setting in historic Brendonwood. This beautiful gated...
8434 Vine Maple Way
Indianapolis, IN 46278
8434 Vine Maple Way Indianapolis, IN 46278
1 of 13
$315,000
Subdivision: The Preserve At Eagle Creek
BEDS
4
BATHS
3
SQ.FT.
4,854
BUILT
2006
ON SITE
11Days
MLS
21545380
Large 4 bedroom 2.5 bath home with a full unfinished basement in desirable Preserve at Eagle Creek. Home features a huge living room with a fireplace, main level office/den, large loft, and a huge...
11724 Crab Apple Road
Indianapolis, IN 46239
11724 Crab Apple Road Indianapolis, IN 46239
1 of 26
$269,900 ( $15,000 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
3,136
BUILT
2002
ON SITE
36Days
MLS
21529904
Don't miss out on this 3 bedroom, 2.5 bath home in the Springs of Hamptons neighborhood. Move right in with updated eat in kitchen with s/s appliances, updated light fixtures, new carpet, fresh...
7904 Gold Brook Drive
Indianapolis, IN 46237
7904 Gold Brook Drive Indianapolis, IN 46237
1 of 10
$214,900 ( $25,000 )
Subdivision: Stone Bridge Condominium
BEDS
2
BATHS
2
SQ.FT.
1,853
BUILT
2007
ON SITE
88Days
MLS
21526072
Description prohibited from being displayed by listing agent...
9211 Eagle Meadow Drive
Indianapolis, IN 46234
Backup Offer
9211 Eagle Meadow Drive Indianapolis, IN 46234
1 of 4
$199,000 ( $26,000 )
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
2,037
BUILT
1987
ON SITE
147Days
MLS
21514839
Rare find in Eagle Creek. 4 BR brick ranch is truly a diamond in the rough. Private road and secluded for being in the city. Nice size lot and floor plan.
5139 Greenside Drive
Indianapolis, IN 46235
5139 Greenside Drive Indianapolis, IN 46235
1 of 7
$180,000
Subdivision: The Greens At Winding Ridge
BEDS
4
BATHS
3
SQ.FT.
2,442
BUILT
2011
ON SITE
4Days
MLS
21546517
Gorgeous home with 4 beds and 2.5 baths on premium golf course in Winding Ridge! The main floor has a large living room and eat in kitchen. Take note of the oversized office area as well. The...
9345 E 82Nd Street
Indianapolis, IN 46256
9345 E 82Nd Street Indianapolis, IN 46256
1 of 21
$174,900
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
1,968
BUILT
1970
ON SITE
35Days
MLS
21540967
Ranch style house on large lot near Geist Reservoir. This house has had many updates including all new floor covering, paint inside and out. New shower in master bedroom.
4904 Winston Drive
Indianapolis, IN 46226
4904 Winston Drive Indianapolis, IN 46226
1 of 12
$169,900
Subdivision: N/A
BEDS
5
BATHS
3
SQ.FT.
2,889
BUILT
1965
ON SITE
11Days
MLS
21545544
Wonderful opportunity for a spacious home on a beautiful, mature 1 acre lot in Lawrence! This tri-level home is almost 2,900 sq ft, has 5 bedrooms, a formal living room and dining room, eat-in...
7753 Blackthorn Drive
Indianapolis, IN 46236
Backup Offer
7753 Blackthorn Drive Indianapolis, IN 46236
1 of 13
$159,900
Subdivision: Oakland Woods
BEDS
3
BATHS
2
SQ.FT.
1,461
BUILT
1998
ON SITE
17Days
MLS
21544566
Hard to find 3 bedroom 2 bath ranch with split floor plan in desirable Oakland Woods. Home features a large living room with a brick fireplace, vaulted ceilings, large eat-in kitchen, all new carpet...

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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