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

49 Properties Found. Showing 1-12
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5601 N Sunnyside Road
Indianapolis, IN 46219
5601 N Sunnyside Road Indianapolis, IN 46219
1 of 5
$699,000 ( $100,000 )
Subdivision: N/A
ACRES
1.51
ON SITE
129Days
MLS
21602957
Very stylish former bank building, built in 2009. Building consist of a 4,028 SF facility sitting on 1.51 acres with road access on all four sides. Building could be re-purposed for a number of other...
3749 N Kitley Avenue
Indianapolis, IN 46226
3749 N Kitley Avenue Indianapolis, IN 46226
1 of 5
$429,000 ( $50,000 )
Subdivision: N/A
ACRES
1.1
ON SITE
143Days
MLS
21599373
Great all brick 4,040 SF Office Building that sits on two parcels for a total of 1.10 Acres. Building includes entry reception area, spacious conference presentation room as well as several private...
4251 Cossell Road
Indianapolis, IN 46222
4251 Cossell Road Indianapolis, IN 46222
1 of 12
$250,000
Subdivision: N/A
ACRES
1
ON SITE
40Days
MLS
21614691
Mobile Home Park just 5 minutes from the I-465 loop around Indianapolis. 1.9 miles from the Indianapolis Motor Speedway. The mobile home park is connected to the city municipal sewer and water...
9302 Indian Creek Road S
Indianapolis, IN 46259
9302 Indian Creek Road S Indianapolis, IN 46259
1 of 11
$233,200
Subdivision: N/A
BEDS
2
BATHS
2
SQ.FT.
1,848
BUILT
1998
ON SITE
9Days
MLS
21619081
Wonderful opportunity to own this log home on over 12 acres in Franklin Township. Enjoy relaxing on the covered front porch overlooking the lake and gazebo. A large pole barn is great for projects or...
7851 White River Drive
Indianapolis, IN 46240
7851 White River Drive Indianapolis, IN 46240
1 of 13
$149,900
Subdivision: River Park
BEDS
3
BATHS
2
SQ.FT.
1,890
BUILT
1915
ON SITE
6Days
MLS
21619153
What an opportunity to own a home on the White River just south of 86th St. Situated on the nice size lot, this rustic wood sided home has 3 bedrooms, 2 full baths, kitchen, living room with fire...
000 Confidential Ave.
Indianapolis, IN 46228
000 Confidential Ave. Indianapolis, IN 46228
1 of 11
$149,000
Subdivision: Candlelite Village
BEDS
3
BATHS
2
SQ.FT.
1,517
BUILT
1969
ON SITE
2Days
MLS
21622190
This is a brick home with some hardwood floors. Eat in Kitchen, Formal Living room, Large Family room, patio, 2 car Attached garage.
8183 Admirals Landing Place
Indianapolis, IN 46236
8183 Admirals Landing Place Indianapolis, IN 46236
1 of 7
$144,900
Subdivision: Lawrence Woods
BEDS
4
BATHS
2
SQ.FT.
3,138
BUILT
2007
ON SITE
1Day
MLS
21622465
Come see this wonderful home! Great fenced in backyard, Eat-in Kitchen, Family Room, and Walk-in Closets. The basement needs some attention but well worth the work. Located in Lawrence Woods with...
5856 Annapolis Drive
Indianapolis, IN 46254
5856 Annapolis Drive Indianapolis, IN 46254
1 of 18
$124,900 ( $5,000 )
Subdivision: Liberty Creek
BEDS
3
BATHS
2
SQ.FT.
2,079
BUILT
1987
ON SITE
75Days
MLS
21610741
WOW! Gorgeous ranch style home at the end of a cul-de-sac. This Pike Township features a basement that is waiting for your finishing touches to add even more square footage for living. Mature trees,...
8045 E Thompson Road
Indianapolis, IN 46239
8045 E Thompson Road Indianapolis, IN 46239
1 of 17
$124,900 ( $24,600 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
1,848
BUILT
1963
ON SITE
37Days
MLS
21614930
MOTIVATED SELLER! Great Franklin Township Opportunity with NO HOA and over 1/2 acre lot! 3bedrm, 2.5bath, fireplace & wood floors, office space w private entrance (that could easily be converted to...
806 E Edgewood Avenue
Indianapolis, IN 46227
806 E Edgewood Avenue Indianapolis, IN 46227
1 of 10
$118,500 ( $4,400 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
3,998
BUILT
1945
ON SITE
30Days
MLS
21616203
Lots of room to roam and a very versatile floor plan are just two of the great qualities of this one of a kind property. This home sits on a gorgeous half-acre lot with soaring pine trees. Offering...
6213 Allport Drive
Indianapolis, IN 46254
6213 Allport Drive Indianapolis, IN 46254
1 of 14
$112,100
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
2,458
BUILT
1993
ON SITE
2Days
MLS
21622251
Three large bedrooms, spacious loft, Master bedroom with full bath. Hardwood floors. You'll enjoy the beutiful deck and fenced in back yard with open pond. Separate Dining room. Laundry room and much...
2946 Horse Hill East Drive
Indianapolis, IN 46214
2946 Horse Hill East Drive Indianapolis, IN 46214
1 of 11
$110,000
Subdivision: Eagle Valley Farms
BEDS
3
BATHS
2
SQ.FT.
1,704
BUILT
1981
ON SITE
44Days
MLS
21614234
Subject is a 1704sqft home with 1/2 basemen, 3 bedrooms, 2 car garage w/ and a nice layout.

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.