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

4 Properties
$469,500
Subdivision: Brendonwood
4
Beds
3F11/2
Baths
4,504
Sq.Ft.
1956
Year Built
46
Days on Site
21828955
MLS
Very private, nicely wooded front yard. The first-floor master bedroom suite was turned into an in-law's quarters with everything you would need to live comfortably. It even has an exterior entrance....
4
Beds
2F11/2
Baths
2,590
Sq.Ft.
1974
Year Built
31
Days on Site
21811116
MLS
This cozy Ranch home is nestled in a quiet neighborhood in Franklin Township. Located close to the Marion County Fairgrounds and with easy access to several interstates, this home is ideal for anyone....
0.11
Acres
51
Days on Site
21828325
MLS
Buildable residential lot on a well-established street in Fountain Square! Purchase of lot includes plot survey and nonpermitted plans.
$19,000
Subdivision: Mars Hill
0.41
Acres
158
Days on Site
21808715
MLS
Three city lots ready to build on. Will not be separated by this Seller. Buyer to verify Schools, zoning, building regulations, availability of utilities etc...

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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