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

129 Properties Found. Showing 1-12
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6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
1 of 33
$799,000 ( $41,000 )
Subdivision: N/A
ACRES
7
ON SITE
236Days
MLS
21475471
23 lots in Stone Pointe Subdivision.All lots are ready to be built.
9030 Fall Creek Road
Indianapolis, IN 46256
Backup Offer
9030 Fall Creek Road Indianapolis, IN 46256
1 of 48
$600,000 ( $100,000 )
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
9,927
BUILT
2008
ON SITE
293Days
MLS
21463213
9,927sf! 6 garages! Carriage house! Walkout! Extraordinary one-of-kind cust.luxury estate combining a bit of contemporary&traditional w/high-end feat.seldom found at this price point.Hallmark of this...
1720 Pine Meadow Drive
Indianapolis, IN 46234
1720 Pine Meadow Drive Indianapolis, IN 46234
1 of 30
$539,900 ( $85,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
254Days
MLS
21471068
Fantastic custom home in popular Estates of Wynbrooke. One of the best lots in the subdivision - on cul-de-sac and backs up to wooded area with stream. Interior has a complete makeover and is truly...
214 E Saint Joseph Street
Indianapolis, IN 46202
214 E Saint Joseph Street Indianapolis, IN 46202
1 of 14
$529,900
Subdivision: N/A
BEDS
4
BATHS
6
SQ.FT.
4,320
BUILT
1880
ON SITE
7Days
MLS
21525048
Why buy a condo when you can own this historic 1860 solid brick home with a pool and a hot tub, private backyard, and a 3 car garage? Be within walking distance of Mass Ave and the rest of downtown...
6460 Around The Hills Road
Indianapolis, IN 46226
6460 Around The Hills Road Indianapolis, IN 46226
1 of 19
$450,000
Subdivision: N/A
BEDS
3
BATHS
5
SQ.FT.
4,952
BUILT
1960
ON SITE
20Days
MLS
21523028
This mid-century modern bank-owned ranch is a diamond in the rough. Needs renovation but could be stunning once again. Gorgeous 5 acre wooded setting in historic Brendonwood. This beautiful gated...
3931 N Capitol Avenue
Indianapolis, IN 46208
3931 N Capitol Avenue Indianapolis, IN 46208
1 of 12
$269,000 ( $44,000 )
Subdivision: N/A
BEDS
4
BATHS
4
SQ.FT.
3,044
BUILT
1912
ON SITE
35Days
MLS
21519712
Beautifully remodeled 4 bedroom, 3.5 bathroom home. The home is located in a well kept and pleasant neighborhood, situated in the Butler Tarkington community. Elegant hardwood flooring in the living...
1515 E Southport Road
Indianapolis, IN 46227
1515 E Southport Road Indianapolis, IN 46227
1 of 6
$250,000
Subdivision: N/A
ACRES
2.34
ON SITE
153Days
MLS
21493596
C1 zoned property perfect for office space, daycare, church recreational center. Three bedroom Three bath currently used partially for residential. Fully finished basement has full service salon and...
5928 Brendonridge Court S
Indianapolis, IN 46226
5928 Brendonridge Court S Indianapolis, IN 46226
1 of 18
$224,900 ( $48,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
4,074
BUILT
1960
ON SITE
112Days
MLS
21499981
Do not miss out on this spacious 4 bedroom home in the well-established Brendonridge neighborhood. Brand new roof, new updated kitchen with stainless steel appliances, fresh paint, and new carpet and...
6182 Ledgestone Court
Indianapolis, IN 46236
6182 Ledgestone Court Indianapolis, IN 46236
1 of 14
$199,900 ( $20,000 )
Subdivision: Kensington Commons
BEDS
4
BATHS
3
SQ.FT.
2,834
BUILT
1997
ON SITE
48Days
MLS
21517474
Beautiful move in ready 4 bedroom, 2.5 bath with 2 car attached garage in Kensington Farms. Just finished updates include all new kitchen with center island, new hardwood floors, new carpet, fresh...
9211 Eagle Meadow Drive
Indianapolis, IN 46234
Backup Offer
9211 Eagle Meadow Drive Indianapolis, IN 46234
1 of 4
$199,000 ( $26,000 )
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
2,037
BUILT
1987
ON SITE
57Days
MLS
21514839
Rare find in Eagle Creek. 4 BR brick ranch is truly a diamond in the rough. Private road and secluded for being in the city. Nice size lot and floor plan.
144 N Arsenal Avenue
Indianapolis, IN 46201
Backup Offer
144 N Arsenal Avenue Indianapolis, IN 46201
1 of 12
$195,000
Subdivision: N/A
ACRES
0.23
ON SITE
16Days
MLS
21523523
6-7 Unit brick apartment building with excellent location close to downtown. This is a rare find and will not last long. 4 Out of the 6 units are currently occupied. Only units 3 & 6 van be viewed...
3150 Kasan Court
Indianapolis, IN 46268
3150 Kasan Court Indianapolis, IN 46268
1 of 27
$179,900
Subdivision: Crooked Creek
BEDS
3
BATHS
3
SQ.FT.
1,892
BUILT
1995
ON SITE
8Days
MLS
21519130
Beautiful 3 bedroom, 2.5 bathroom Pike Township home in the desirable Crooked Creek Villages subdivision. This home has been renovated and features new paint and flooring throughout, spacious living...

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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