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

9 Properties
3
Beds
4
Baths
3,934
Sq.Ft.
1982
Year Built
53
Days on Site
21730639
MLS
Country estate in the city, custom built 3 bedroom ranch with loft, 4 full baths, 4 car garages all on a fully fenced and gated 5 acres. Large stocked pond with fountain creates a beautiful peaceful...
4
Beds
2F21/2
Baths
4,278
Sq.Ft.
1994
Year Built
32
Days on Site
21735504
MLS
Talk about Opportunity! This home has a wide open, full basement, main floor master suite, AND in-ground pool. Mature trees surround a massive deck with a pond view right out the kitchen window. One...
3
Beds
2F21/2
Baths
3,926
Sq.Ft.
1928
Year Built
18
Days on Site
21737818
MLS
Great opportunity to own a huge & well built ranch home that is close to everything. This home has many features including two master bedrooms, a living room, family room, formal dining, multiple...
2
Beds
1
Baths
1,829
Sq.Ft.
1925
Year Built
17
Days on Site
21738620
MLS
Just 3 streets south of Garfield Park South Neighborhood which is a hot location these days. Just rehabbed with interior/exterior paint, flooring, refinished hardwood floors, new cabinetry and...
3
Beds
1
Baths
1,860
Sq.Ft.
1902
Year Built
4
Days on Site
21742363
MLS
Description prohibited from being displayed by listing agent...
3
Beds
2
Baths
2,372
Sq.Ft.
1885
Year Built
20
Days on Site
21737844
MLS
Tons of potential in this 3-4 bedroom 2 bath home conveniently located close to downtown Irvington. The home features a large living room, formal dining room, main level bedroom, and sits on a dead...
3
Beds
1
Baths
1,231
Sq.Ft.
1930
Year Built
70
Days on Site
21725944
MLS
Recently renovated home on Indy's near east side. Home features 3 beds, 1 full bath, hardwood floors and fresh paint throughout! New FURNACE and WATER HEATER Great opportunity for new homeowners or...
2
Beds
1
Baths
1,312
Sq.Ft.
1930
Year Built
53
Days on Site
21730433
MLS
Great opportunity on this bungalow in the Little Flower neighborhood. Features include two bedrooms, 1 bathroom, covered front porch, oversized detached garage, hardwood floors, formal dining room...
2
Beds
1F11/2
Baths
1,152
Sq.Ft.
1964
Year Built
1
Day on Site
21742604
MLS
This lovely townhome is ready for its new tenant. There are 2 large rooms, and 1.5 bathrooms for you and your family. Ther have been lots of updates and remodeling here to provide the new tenant...

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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