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

21 Properties
Page 1 of 2
5
Beds
3F11/2
Baths
3,257
Sq.Ft.
1960
Year Built
7
Days on Site
21689447
MLS
Must see beautiful home in Sweetwater Estates on a large mature lot in Washington Township. The backyard is great for entertaining with the wood deck, in-ground pool, hot tub and private tennis court....
$205,000
Subdivision: Hill Valley Estates
3
Beds
2
Baths
2,436
Sq.Ft.
1981
Year Built
13
Days on Site
21688632
MLS
You will enjoy calling this one your home. Freshly painted, New Appliances, many updates. It is on a cul de sac and has a big back yard that is fenced in and a large multi level deck for entertaining...
2
Beds
1
Baths
2,206
Sq.Ft.
1920
Year Built
84
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
2,113
Sq.Ft.
1925
Year Built
98
Days on Site
21675516
MLS
HISTORIC DISTRICT LOCATION! Here is your chance to have a part of Indiana History. Fully renovated w/a touch of a class bungalow in the heart of IRVINGTON. This 2 BR home w/full basement sits on a...
4
Beds
2F11/2
Baths
2,550
Sq.Ft.
1974
Year Built
12
Days on Site
21688785
MLS
Great opportunity in Warren Township! 4 bedroom, 2.5 bath home located on a large mature lot. Features include a family room with wood burning fireplace, formal living room, formal dining room, main...
3
Beds
2
Baths
1,412
Sq.Ft.
1992
Year Built
2
Days on Site
21690196
MLS
No description available...
2
Beds
1
Baths
1,920
Sq.Ft.
1928
Year Built
6
Days on Site
21689606
MLS
Cute Bungalow move in ready. 2 bedrooms, 1 bath with a basement. Updates include new roof, new electrical, new furnace, new appliances, new carpet and vinyl floors. Painted inside and out. Large...
3
Beds
2
Baths
1,570
Sq.Ft.
1961
Year Built
14
Days on Site
21688403
MLS
This awesome brick ranch sits on almost 1/2 acre on a quiet street. Home has hardwood floors in ALL 3 bedrooms that are ready to be brought back to life. 3 beds and 2 full baths with tons of space!...
$89,900
Subdivision: Southern Oaks
2
Beds
1
Baths
1,155
Sq.Ft.
1981
Year Built
6
Days on Site
21689660
MLS
Remarks - Southern Oaks Ranch with 1155sf, 2 bedrooms, 1 bath. Sold as-is.
2
Beds
1
Baths
1,025
Sq.Ft.
1925
Year Built
121
Days on Site
21670685
MLS
Renovated 2 Bedroom 1 Bath home on corner lot. Home features beautiful transom windows, cedar kitchen ceiling, and cast iron claw foot tub. Basement has potential. All electrical, plumbing, and HVAC...
3
Beds
1F11/2
Baths
2,112
Sq.Ft.
1915
Year Built
27
Days on Site
21687055
MLS
This 3 Bedroom 1/5 Bath home presents a great opportunity to own a home that can be transformed into a dream home for your family or an Incredible Investment. The huge front porch, as well as the...
3
Beds
1
Baths
999
Sq.Ft.
1953
Year Built
103
Days on Site
21674352
MLS
Solid 3 bedroom brick ranch in good condition. Just needs a little updating to substantially increase it's value. Hardwood floors. Appliances are included but condition is not warranted. Nice yard...

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.

New Listing

Email Alerts

Subscribe Today!
Testimonials

 

Learn More!
Your Home Sold

Guaranteed

Contact Us Now!
From Our Blog
Tuesday, January 7, 2020

2020 Indianapolis Real Estate Market Update

  2019 was another stellar year for the Indianapolis real estate market and the rumors are true - homes still sell in the cold months. Year over year numbers haven't been fully released yet, but ...  Read More