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

13 Properties
Page 1 of 2
$389,900
Subdivision: Oakland Hills At Geist
5
Beds
4F11/2
Baths
4,899
Sq.Ft.
2005
Year Built
21
Days on Site
21690617
MLS
Located in the desirable Oakland Hills at Geist subdivision, this beautiful home has an open floor plan and features fresh paint and new carpet throughout. This home is fully move in ready and in...
4
Beds
2F11/2
Baths
3,254
Sq.Ft.
1956
Year Built
24
Days on Site
21693205
MLS
Fantastic mid century home on over an acre. They don't build them like this anymore! A stunning wall of windows overlooking Williams Creek and Marott Nature preserve. A multi-level floor plan gives...
3
Beds
1
Baths
1,930
Sq.Ft.
1964
Year Built
34
Days on Site
21690829
MLS
3 bedroom 1 bath 2 story with over 1900sf and two car garage. Sold as-is.
3
Beds
1
Baths
1,128
Sq.Ft.
1952
Year Built
17
Days on Site
21693161
MLS
Nice 3 bedroom ranch with a updated bath and kitchen, living room and dining room, attached garage, wood deck, on 1 acre + or -. Private country setting with easy access to the airport and downtown...
2
Beds
1
Baths
2,206
Sq.Ft.
1920
Year Built
120
Days on Site
21678801
MLS
Come home to this cozy bungalow on a tree-lined boulevard in the popular Emerson Heights neighborhood. Home features an enclosed porch, gorgeous woodwork, protected hardwood floors under the carpet...
2
Beds
1
Baths
1,025
Sq.Ft.
1925
Year Built
157
Days on Site
21670685
MLS
Quaint and cozy home nestled away on a L-corner lot. Home renders tons of updates to include, cedar kitch. clgs, cast iron tub, HVAC system and all electrical. Charming original transom windows and...
0.12
Acres
1930
Year Built
90
Days on Site
21680072
MLS
Great duplex investment property in improving area of town. Both sides are vacant and move-in ready. Fenced in back with alley access and enclosed front porch. Must see as this will not last...
3
Beds
1
Baths
1,222
Sq.Ft.
1916
Year Built
8
Days on Site
21694516
MLS
Lots of potential for this home located in an up and coming area of Indianapolis.
3
Beds
2
Baths
2,638
Sq.Ft.
1930
Year Built
2
Days on Site
21686882
MLS
NICE HOME AND CLOSE TO DOWNTOWN. THE HOME HAS A FINISHED ATTIC THAT CAN BE USED AS A 3RD BEDROOM OR A MASTER BEDROOM. Min. 1,000 EM, subject to bank addendum All.. offers must be submitted by the...
2
Beds
1
Baths
864
Sq.Ft.
1968
Year Built
7
Days on Site
21694241
MLS
Attn Investors! This is a great opportunity to rehab and rent this 2 bedroom bungalow. The living and kitchen areas are open with a fireplace. The home has a nice covered porch and fenced yard and...
0.29
Acres
127
Days on Site
21603256
MLS
Excellent investment opportunity on Indy's northeast side. Build a garage or a new single family home. Land this inexpensive is tough to pass up. No HOA restrictions and utilities believed to be at...
2
Beds
1
Baths
2,100
Sq.Ft.
1922
Year Built
127
Days on Site
21676612
MLS
This home is truly amazing...with 2 bedrooms and 1 bath. You will have 1400 sq feet with lots of room for you and your family to move around in. Located close to everything you need the location is...

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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