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

32 Properties
Page 1 of 3
4
Beds
3F11/2
Baths
4,896
Sq.Ft.
1928
Year Built
54
Days on Site
21650646
MLS
Rare find in desirable Wynnedale neighborhood. This 4 bedroom 3.5 bath English Tudor home sits on a large .8 acre lot and includes a large living room, formal dining room, family room, breakfast...
1.1
Acres
1972
Year Built
319
Days on Site
21599373
MLS
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...
4
Beds
3F11/2
Baths
4,310
Sq.Ft.
1970
Year Built
2
Days on Site
21662591
MLS
Fantastic Spring Mill Rd area home! Belle Meade subdivision with gated access off 96th St or non gated off Spring Mill Rd. 1970's built custom home on .51 acre with 3428 sqft, 4 bedrooms, 3 full...
3
Beds
1F11/2
Baths
3,428
Sq.Ft.
1949
Year Built
38
Days on Site
21653452
MLS
Brought back to life in Washington Township! This sprawling, full-brick ranch home boasts over 1700 sqft, 3 bedrooms, 1.5 baths, large living room with fireplace, all new kitchen with granite...
4
Beds
2F11/2
Baths
4,128
Sq.Ft.
1964
Year Built
74
Days on Site
21640525
MLS
Wonderful opportunity to own this large, stately four bedroom home in a great, sought after neighborhood. Private master suite with vaulted ceilings and its own private balcony. Enjoy the...
3
Beds
2
Baths
1,974
Sq.Ft.
1960
Year Built
3
Days on Site
21662575
MLS
Build Equity in this Gorgeous Home that sits on the MONON Trail and near 200k price point - Unheard of in Carmel! Over a half acre Lot in an incredible location! Quiet Cul-de-sac street just...
$169,900
Subdivision: Old Mill Park
3
Beds
2
Baths
1,691
Sq.Ft.
1979
Year Built
45
Days on Site
21652531
MLS
TOTAL RENOVATION! Spectacular home in a quiet cul-de-sac. Fully renovated interior with upgraded stainless appliances. new roof, fresh paint, carpet, light fixtures and ceiling fans. Lower level...
$157,500
Subdivision: Kensington Farms
3
Beds
2
Baths
1,720
Sq.Ft.
1997
Year Built
5
Days on Site
21661919
MLS
This beautifully 3 bdrm, 2 bath home w/finished basement, screened porch & large deck overlooking gorgeous private pond setting on culdesac! It doesn't get much better than this! Fantastic open...
4
Beds
2
Baths
2,313
Sq.Ft.
1958
Year Built
19
Days on Site
21637301
MLS
Nice brick ranch home on a tree lined street. Hard to find four bedroom, two full bath. Beautiful stone fireplace is the focal point in the spacious family room. Separate formal living room and...
$124,900
Subdivision: Bellaire
2
Beds
1
Baths
1,368
Sq.Ft.
1925
Year Built
47
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....
3
Beds
1F11/2
Baths
2,704
Sq.Ft.
1968
Year Built
11
Days on Site
21660826
MLS
WOW! Solid brick ranch AVAILABLE NOW in popular Decatur township. Large living room and inviting family room with a beautiful fireplace. Nice sized kitchen. Three bedrooms and 1 & 1/2 baths....
3
Beds
1
Baths
1,480
Sq.Ft.
1956
Year Built
96
Days on Site
21640453
MLS
Charming home wtih great potential! Large park like yard with established trees that offer shade, workshop/garage and home features front & back porches. Home updated with vinyl windows & siding....

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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