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

40 Properties
Page 1 of 4
1.51
Acres
2009
Year Built
245
Days on Site
21602957
MLS
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...
1.1
Acres
1972
Year Built
259
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
2F11/2
Baths
4,128
Sq.Ft.
1964
Year Built
14
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...
$198,550
Subdivision: Avalon Hills
4
Beds
2F11/2
Baths
2,549
Sq.Ft.
1965
Year Built
73
Days on Site
21631682
MLS
Spacious four bedroom tri-level home on large corner lot. Lower level features large family room with wood burning fireplace. Eat-in Kitchen along with separate dining area. Large master suite....
4
Beds
2
Baths
2,458
Sq.Ft.
1939
Year Built
70
Days on Site
21632290
MLS
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...
$169,900
Subdivision: Meridian Kessler Terrace
2
Beds
2
Baths
2,271
Sq.Ft.
1951
Year Built
1
Days on Site
21648182
MLS
This Meridian Kessler bungalow has unlimited potential. The home features enclosed patio, 2 car detached garage, hardwood floors, partially finished basement, fireplace, brick and stone exterior,...
$134,900
Subdivision: Morningside
3
Beds
2
Baths
3,266
Sq.Ft.
1960
Year Built
51
Days on Site
21636991
MLS
Amazing opportunity in this 3 bedroom 2 bath brick ranch located in a wooded, established subdivision on the near NW side of Indianapolis. This Pike Township home has some really neat features...
4
Beds
2
Baths
2,312
Sq.Ft.
1967
Year Built
51
Days on Site
21637168
MLS
Auction properties are sold AS IS without any guarantee or warranty by seller. Property may be occupied. Please do not trespass.
4
Beds
2
Baths
2,313
Sq.Ft.
1958
Year Built
51
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...
3
Beds
1
Baths
1,480
Sq.Ft.
1956
Year Built
36
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....
$104,400
Subdivision: Cloverleaf Village
4
Beds
1F11/2
Baths
1,278
Sq.Ft.
1971
Year Built
112
Days on Site
21623270
MLS
Auction properties are sold AS IS without any guarantee or warranty by seller. Property may be occupied. Please do not trespass.
3
Beds
3F11/2
Baths
1,920
Sq.Ft.
2007
Year Built
31
Days on Site
21641921
MLS
Hendricks County with Avon Schools for a great price! Nestled on a private lane, this home offers large living in peace and quiet. Home features 3 bedrooms and 3.5 baths. Lots of built ins and a...

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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