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

9 Properties
$799,900
Subdivision: Fletchers Et Al Subdivision
5
Beds
4F11/2
Baths
4,006
Sq.Ft.
2020
Year Built
24
Days on Site
21814477
MLS
City living at it's finest! MODERN 5 bed/4.5 bath with outdoor hot tub on the sky deck overlooking downtown Indy! Hosting won't be a problem with this 18 ft granite kitchen island!!! Every inch of...
$479,500
Subdivision: Brendonwood
4
Beds
3F11/2
Baths
4,504
Sq.Ft.
1956
Year Built
200
Days on Site
21775952
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....
$385,630
Subdivision: Bethel Creek
4
Beds
2F11/2
Baths
2,771
Sq.Ft.
2021
Year Built
56
Days on Site
21807996
MLS
Welcome home to the Chauncey. This home features four bedrooms, two full and a half baths, open-concept kitchen, a spacious gathering room, and a two-car garage with storage. Through the front door...
$382,460
Subdivision: Bethel Creek
3
Beds
2F11/2
Baths
2,448
Sq.Ft.
2021
Year Built
18
Days on Site
21816730
MLS
Welcome to the McKinley, part of our Smart Series. This two-story home features three-bedrooms, and two-and-a-half baths, a flex room with a tray ceiling which can serve as a dining room or den, a...
$279,900
Subdivision: Windcombe
3
Beds
2F11/2
Baths
2,522
Sq.Ft.
1959
Year Built
6
Days on Site
21818918
MLS
Unique opportunity to make your vision come to life! One of the best lots in the neighborhood! Over 1/2 acre wooded lot in desirable Windcombe backs up to the Monon Trail! Ranch floor plan with 3...
3
Beds
3
Baths
2,240
Sq.Ft.
1977
Year Built
14
Days on Site
21817024
MLS
Welcome home to this beautiful 3 bed / 3 full bath ranch property sitting on just over an acre! Home features all brick exterior, LARGE 36x18 in ground pool, and a relaxing 22x14 sun room to enjoy...
$174,000
Subdivision: Hasselman Place
2
Beds
1
Baths
2,496
Sq.Ft.
1920
Year Built
19
Days on Site
21786543
MLS
This home is a treasure to be discovered. This all brick two bedroom, 1 bath home is nestled in the perfect location between downtown and suburban living. The enclosed front sunroom, and two car...
3
Beds
2F11/2
Baths
2,602
Sq.Ft.
2004
Year Built
92
Days on Site
21800114
MLS
Spacious 2 Story with over 2600 sf, 3 bedrooms, 2 1/2 baths, living room with Fireplace and 1 car attached garage. Work needed being sold as-is.
$19,000
Subdivision: Mars Hill
0.41
Acres
57
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.

New Listing

Email Alerts

Subscribe Today!
Testimonials

 

Learn More!
Your Home Sold

Guaranteed

Contact Us Now!
From Our Blog
Tuesday, October 12, 2021

4 Unique Homes in Indiana That You Have GOT to See!

In this next “Unique Homes Around the World” article, we are bringing you unique homes in none other than the state of Indiana! Take a look at this list of uniquely crafted homes in the ...  Read More