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

27 Properties
Page 1 of 3
5
Beds
3F11/2
Baths
4,378
Sq.Ft.
2019
Year Built
10
Days on Site
21684527
MLS
No description available...
$194,900
Subdivision: Southport Green
3
Beds
2F11/2
Baths
1,868
Sq.Ft.
2000
Year Built
41
Days on Site
21679737
MLS
Move right into this clean and airy 3 bedroom 2.5 bath that has just been updated! The home is nestled on a cul-de-sac in the desirable neighborhood of Southport Green, where I-65, great...
2
Beds
1
Baths
2,206
Sq.Ft.
1920
Year Built
47
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
61
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...
$119,900
Subdivision: Bellaire
2
Beds
1
Baths
1,368
Sq.Ft.
1925
Year Built
166
Days on Site
21652242
MLS
Excellent opportunity to own a 2BR/1BA home with basement near Broad Ripple. This home boasts hardwood floors throughout a majority of the floorplan, along with a spacious attic with tons of storage....
$115,000
Subdivision: Rosedale Hills
2
Beds
2
Baths
1,576
Sq.Ft.
1965
Year Built
10
Days on Site
21685159
MLS
Awesome opportunity on this 2 bed 2 bath brick ranch. 2 car attached garage. The home offers 3 different living spaces, a formal living room, a family room with a fireplace and a enclosed patio...
3
Beds
2
Baths
3,380
Sq.Ft.
1920
Year Built
3
Days on Site
21685986
MLS
This charming 3 Bedroom, 2 Bath home has had several updates done to it. There is a 34 x 30 room addition that was added several years ago, along with a new Roof and gutters in 2014, as well as...
3
Beds
1F11/2
Baths
1,948
Sq.Ft.
1964
Year Built
7
Days on Site
21685399
MLS
Wonderful opportunity on this 1948 square foot home with a 2 car attached garage. There is a large family room plus a bonus room upstairs. The kitchen has plentiful cabinets and counter space plus...
$105,100
Subdivision: The Depot
3
Beds
2
Baths
1,320
Sq.Ft.
1986
Year Built
28
Days on Site
21681828
MLS
View this Ranch style 3 Bedroom 2 Bathroom home with approximately 1320 square feet of living space. Home has Living room, Family room, Kitchen with plenty of cabinet space, rear fence and a 1 car...
$104,900
Subdivision: Southern Oaks
2
Beds
1
Baths
1,155
Sq.Ft.
1981
Year Built
86
Days on Site
21670469
MLS
With very little work this home will be someone's pride and joy again. Must see!
$102,600
Subdivision: Georgetown Crossing
6
Beds
2
Baths
2,115
Sq.Ft.
1983
Year Built
16
Days on Site
21684397
MLS
Ranch with basement on cul-de-sac street. Great room & dining room with open floor pain. Basement is unfinished. Property is being sold in as-is conditions. Only cash offers please.
0.11
Acres
1920
Year Built
47
Days on Site
21678805
MLS
Duplex in ready to rent condition, just add appliances. The duplex features 2 bedroom and 1.5 bathrooms per side with open living room to dining room layout. Alley access (no garage) and fenced...

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.