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

57 Properties Found. Showing 1-12
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3749 N Kitley Avenue
Indianapolis, IN 46226
3749 N Kitley Avenue Indianapolis, IN 46226
 
$479,000
Subdivision: N/A
ACRES
1.1
ON SITE
14Days
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...
3766 Totem Lane
Indianapolis, IN 46208
3766 Totem Lane Indianapolis, IN 46208
1 of 27
$399,900 ( $134,000 )
Subdivision: N/A
BEDS
6
BATHS
6
SQ.FT.
4,240
BUILT
1930
ON SITE
90Days
MLS
21583029
Absolutely do not make homes like this one anymore. A real brick beauty with slate roof built in 1930 with the family in mind featuring a large open foyer with circular staircase to bedrooms and...
8257 Cloverdale Way
Indianapolis, IN 46256
8257 Cloverdale Way Indianapolis, IN 46256
1 of 13
$324,900
Subdivision: Ridgewood Hills
BEDS
4
BATHS
4
SQ.FT.
4,392
BUILT
2002
ON SITE
20Days
MLS
21598318
Beautiful home in Ridgewood Hills. Home boasts a two story entry way and family room with fireplace and tons of windows. Separate dining room and living room. Master suite features a garden tub,...
000 Confidential Ave.
Indianapolis, IN 46236
000 Confidential Ave. Indianapolis, IN 46236
1 of 8
$270,000 ( $13,500 )
Subdivision: Admirals Bay
BEDS
4
BATHS
5
SQ.FT.
3,021
BUILT
1995
ON SITE
56Days
MLS
21591229
Description prohibited from being displayed by listing agent...
6377 Green Leaves Road
Indianapolis, IN 46220
6377 Green Leaves Road Indianapolis, IN 46220
1 of 28
$239,900
Subdivision: N/A
BEDS
5
BATHS
3
SQ.FT.
3,208
BUILT
1961
ON SITE
13Days
MLS
21599621
Wonderful opportunity to own this tri-level home in Washington Township on a mature lot. Just a short drive to interstate access, Castleton and Fort Harrison State Park. Features of this 5 bedroom, 2....
11724 Crab Apple Road
Indianapolis, IN 46239
11724 Crab Apple Road Indianapolis, IN 46239
1 of 27
$229,900 ( $30,000 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
3,136
BUILT
2002
ON SITE
97Days
MLS
21576086
Updated home in custom community features over 3000 sq ft of comfort. Gleaming hardwood floors welcome you to suburban living at its best. Large eat-in kitchen with new stainless appliances, formal...
6910 Copper Mountain Court
Indianapolis, IN 46236
6910 Copper Mountain Court Indianapolis, IN 46236
1 of 30
$225,000 ( $14,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,027
BUILT
1991
ON SITE
80Days
MLS
21585126
Move in ready home in Lawrence Township just minutes to Geist Reservoir, Fort Harrison State Park and interstate access! Enjoy the view of the pond from the wood deck. New updates include new HVAC,...
8637 S Tibbs Avenue
Indianapolis, IN 46217
8637 S Tibbs Avenue Indianapolis, IN 46217
1 of 25
$219,500 ( $500 )
Subdivision: N/A
BEDS
5
BATHS
2
SQ.FT.
1,922
BUILT
2013
ON SITE
16Days
MLS
21598767
This is house is a MUST SEE in a beautiful neighborhood. Located on the golf course in Whispering Falls of the Southern Dunes neighborhood, this 5 bedroom, 2 bath, with 3 car garage offers everything...
5633 Newhall Place
Indianapolis, IN 46239
5633 Newhall Place Indianapolis, IN 46239
1 of 11
$214,900
Subdivision: Edgewood Trace
BEDS
3
BATHS
3
SQ.FT.
2,842
BUILT
2008
ON SITE
23Days
MLS
21597484
Large 3 bedroom 2.5 bath home in desirable Edgewood Trace neighborhood. Home sits on one of the larger lots in the neighborhood and there is a large tree line behind it for extra privacy. There is...
1652 Spann Avenue
Indianapolis, IN 46203
1652 Spann Avenue Indianapolis, IN 46203
1 of 22
$200,000 ( $50,000 )
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
1,817
BUILT
1900
ON SITE
81Days
MLS
21584612
Completly renovated by extremely innovative owner. Living room and dining room have breath-taking multiple-tray ceilings and gleaming hardwood floors. Unusual mirror effect in family room. All...
5116 Laurel Hall Drive
Indianapolis, IN 46226
5116 Laurel Hall Drive Indianapolis, IN 46226
1 of 38
$179,900 ( $10,000 )
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
3,682
BUILT
1956
ON SITE
97Days
MLS
21581557
Peaceful, quiet neighborhood with minimal traffic, close to everything! This home includes over 1800 sq. ft. on main level, 3 bedrooms, 2 baths, and 2-car attached garage. Enjoy the additional...
6743 Bluffgrove Drive
Indianapolis, IN 46278
6743 Bluffgrove Drive Indianapolis, IN 46278
1 of 16
$161,500
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,422
BUILT
1992
ON SITE
7Days
MLS
21600684
Amazing opportunity in Pike Township! This beautiful 4 bedroom 2.5 bath home is located in a highly desired Huntington Pointe. This home has a wonderful floorplan with vaulted ceilings throughout and...

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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