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

53 Properties Found. Showing 1-12
Sort By:
6633 Flowstone Way
Indianapolis, IN 46259
6633 Flowstone Way Indianapolis, IN 46259
1 of 33
$750,000 ( $90,000 )
Subdivision: N/A
ACRES
7
ON SITE
387Days
MLS
21475471
23 lots in Stone Pointe Subdivision.All lots are ready to be built.
4190 E 79Th Street
Indianapolis, IN 46250
4190 E 79Th Street Indianapolis, IN 46250
1 of 15
$712,000
Subdivision: N/A
BEDS
4
BATHS
6
SQ.FT.
5,069
BUILT
1949
ON SITE
18Days
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
$514,900 ( $110,000 )
Subdivision: The Estates Of Wynbrooke
BEDS
4
BATHS
6
SQ.FT.
5,051
BUILT
2006
ON SITE
405Days
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...
6476 Timber Leaf Lane
Indianapolis, IN 46236
6476 Timber Leaf Lane Indianapolis, IN 46236
1 of 25
$269,900 ( $30,000 )
Subdivision: Timber Ridge
BEDS
4
BATHS
3
SQ.FT.
3,362
BUILT
2002
ON SITE
61Days
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...
11724 Crab Apple Road
Indianapolis, IN 46239
11724 Crab Apple Road Indianapolis, IN 46239
1 of 26
$249,900 ( $35,000 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
3,136
BUILT
2002
ON SITE
97Days
MLS
21529904
Updated home in custom community features over 3000 sq ft of comfort. Gleaming hardwood floors greet welcome you to suburban living at its best. Large eat-in kitchen with new stainless appliances,...
6460 Timber Leaf Lane
Indianapolis, IN 46236
6460 Timber Leaf Lane Indianapolis, IN 46236
1 of 18
$235,000
Subdivision: Timber Ridge
BEDS
4
BATHS
3
SQ.FT.
3,121
BUILT
2002
ON SITE
3Days
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.
7904 Gold Brook Drive
Indianapolis, IN 46237
Open House
7904 Gold Brook Drive Indianapolis, IN 46237
1 of 19
$189,900 ( $21,000 )
Subdivision: Stone Bridge Condominium
BEDS
2
BATHS
2
SQ.FT.
1,853
BUILT
2007
ON SITE
55Days
MLS
21526072
Description prohibited from being displayed by listing agent...
426 Griffin Road
Indianapolis, IN 46227
426 Griffin Road Indianapolis, IN 46227
1 of 9
$175,000
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,560
BUILT
1960
ON SITE
17Days
MLS
21556605
This home is just waiting for you to bring all of your style and character to create your dream home! The living room is very spacious and is the perfect place to spend time in front of a fire after...
9607 Gull Lake Drive
Indianapolis, IN 46239
9607 Gull Lake Drive Indianapolis, IN 46239
1 of 26
$165,000
Subdivision: N/A
BEDS
4
BATHS
4
SQ.FT.
3,030
BUILT
2003
ON SITE
3Days
MLS
21559139
HUGE SPACE! Home is almost as good as new! Neutral interior throughout, three FULL bathrooms, game room up + 4 bedrooms. Office or 5th bedroom option on main level. Inside laundry room!
3337 Decker Ridge Drive
Indianapolis, IN 46268
3337 Decker Ridge Drive Indianapolis, IN 46268
1 of 9
$164,900 ( $5,000 )
Subdivision: N/A
BEDS
3
BATHS
4
SQ.FT.
2,520
BUILT
2005
ON SITE
60Days
MLS
21547508
If you are looking for the right condo then take a look this is it! Beautiful inside and out! Tons of room here for everyone with 3 bedrooms and 3.5 baths! You'll love the 2 living areas, large...
2720 Wicker Road
Indianapolis, IN 46217
2720 Wicker Road Indianapolis, IN 46217
1 of 10
$159,900 ( $15,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,216
BUILT
1989
ON SITE
59Days
MLS
21547745
Beautiful four bedroom home on almost an half-acre lot. Neutral colors, some hardwood floors. Mature trees and large deck perfect for entertaining. A great home that won't last!
7650 Westmore Circle
Indianapolis, IN 46214
7650 Westmore Circle Indianapolis, IN 46214
1 of 12
$139,900
Subdivision: Chapel Hill
BEDS
5
BATHS
4
SQ.FT.
3,614
BUILT
1967
ON SITE
16Days
MLS
21544424
Amazing opportunity in desirable Chapel Glen neighborhood. This 5 bedroom 3.5 bath all brick ranch is located on a cul-de-sac with a large fenced backyard. Take note of the partially finished...

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.