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

56 Properties Found. Showing 1-12
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4190 E 79Th Street
Indianapolis, IN 46250
4190 E 79Th Street Indianapolis, IN 46250
1 of 21
$599,900 ( $112,100 )
Subdivision: N/A
BEDS
4
BATHS
6
SQ.FT.
5,069
BUILT
1949
ON SITE
76Days
MLS
21556274
One of a kind property in Washington Township! Too many unique features to highlight here, but this custom built home is a must see for owner-occupants and investors alike. Over 6000sqft, 4+...
1720 Pine Meadow Drive
Indianapolis, IN 46234
1720 Pine Meadow Drive Indianapolis, IN 46234
1 of 35
$499,900 ( $125,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
463Days
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...
11842 Old Stone Drive
Indianapolis, IN 46236
11842 Old Stone Drive Indianapolis, IN 46236
1 of 4
$260,000
Subdivision: Admirals Pointe
BEDS
4
BATHS
3
SQ.FT.
4,116
BUILT
1989
ON SITE
16Days
MLS
21571112
Wonderful 2 story w/ full basement, 3 car garage on a large lot!
6476 Timber Leaf Lane
Indianapolis, IN 46236
6476 Timber Leaf Lane Indianapolis, IN 46236
1 of 25
$254,900 ( $45,000 )
Subdivision: Timber Ridge
BEDS
4
BATHS
3
SQ.FT.
3,362
BUILT
2002
ON SITE
119Days
MLS
21545542
Beautiful 4 bedroom, 2.5 bath home in desirable Timber Ridge! HUGE master suite on the main level with walk in closet, garden tub, and separate shower stall. Formal dining room plus a sunny breakfast...
128 E 63Rd Street
Indianapolis, IN 46220
128 E 63Rd Street Indianapolis, IN 46220
1 of 19
$250,000 ( $28,000 )
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
2,458
BUILT
1939
ON SITE
55Days
MLS
21560908
WOW...Broad Ripple beauty with 4 bedrooms and 2 full baths. Close to canal and within walking distance of downtown Broad Ripple. Home features a double sided fireplace that adds ambiance to the...
1905 Zachary Lane
Indianapolis, IN 46231
1905 Zachary Lane Indianapolis, IN 46231
1 of 19
$235,000
Subdivision: Bentwood Park
BEDS
5
BATHS
3
SQ.FT.
3,880
BUILT
2005
ON SITE
4Days
MLS
21574646
Hard to find 5 bed / 3 full bath, full brick front 2 story in Avon school system. 4 beds up w/ guest bed & bath on main level. Updated w/ laminate floors throughout main level & 9' ceilings. Formal...
6460 Timber Leaf Lane
Indianapolis, IN 46236
6460 Timber Leaf Lane Indianapolis, IN 46236
1 of 18
$212,500 ( $22,500 )
Subdivision: Timber Ridge
BEDS
4
BATHS
3
SQ.FT.
3,121
BUILT
2002
ON SITE
61Days
MLS
21559554
This two story brick and vinyl siding home that needs some cosmetic repairs. Home has 4 bedrooms and 2.5 baths. Finished basement area. Home is being sold ASIS.
9345 E 82Nd Street
Indianapolis, IN 46256
9345 E 82Nd Street Indianapolis, IN 46256
1 of 22
$164,900
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
1,968
BUILT
1970
ON SITE
54Days
MLS
21540967
Ranch style house on large lot near Geist Reservoir. This house has had many updates including all new floor covering, paint inside and out. New shower in master bedroom.
9045 Westfield Boulevard
Indianapolis, IN 46240
9045 Westfield Boulevard Indianapolis, IN 46240
1 of 12
$149,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,489
BUILT
1961
ON SITE
13Days
MLS
21572166
Brick ranch 3 bedroom, 2 bath with partially finished room addition on rear with loads of additional space. Hardwood floors are a plus! Large rear deck and screen porch to nature watch. Dry basement...
1721 Southview Drive
Indianapolis, IN 46227
1721 Southview Drive Indianapolis, IN 46227
1 of 9
$139,900
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,353
BUILT
1940
ON SITE
50Days
MLS
21562883
Amazing opportunity in this Homecroft all brick 4 bedroom 1.5 bath home. This one has tons of potential with its exposed brick, original woodwork, and hardwoods. Take note of the large yard and 2 car...
9520 Aberdare Drive
Indianapolis, IN 46250
9520 Aberdare Drive Indianapolis, IN 46250
1 of 13
$139,900 ( $8,100 )
Subdivision: Sun Lakes At Bayside
BEDS
3
BATHS
2
SQ.FT.
1,464
BUILT
1988
ON SITE
46Days
MLS
21564210
Low maintenance 3 bedroom, 1.5 bath condo in great location! Open concept floor plan includes 2 story great rm w/vaulted ceiling & wood burning fireplace, dining rm, 1/2 bath & spacious kitchen on...
1506 Astor Street
Indianapolis, IN 46222
1506 Astor Street Indianapolis, IN 46222
1 of 15
$135,000
Subdivision: N/A
BEDS
2
BATHS
1
SQ.FT.
1,736
BUILT
1900
ON SITE
33Days
MLS
21566558
This is a beautiful 2 Bedroom Flat Home in a very quiet and peaceful neighborhood. It is a 6 room house with a cemented basement and 1 1/2 car garage; It has a new water heater, new and updated...

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.