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
4
Beds
3F11/2
Baths
4,062
Sq.Ft.
1979
Year Built
3
Days on Site
21698839
MLS
Stunning is the word you will use when you see this home. The circular driveway is so convenient for large gatherings. Large kitchen with gorgeous granite counters that is perfect for the gourmet...
4
Beds
2F11/2
Baths
3,006
Sq.Ft.
1900
Year Built
115
Days on Site
21698815
MLS
Super opportunity in Fall Creek neighborhood! This spacious 4 BR 2.5 BA charmer could use a little updating, so that's reflected in the asking, but you can totally move in today and enjoy the open...
5
Beds
2
Baths
4,763
Sq.Ft.
1916
Year Built
15
Days on Site
21719577
MLS
Here is the one you have been looking for...be a part of the wave of revitalization in the "downtown" area. So much potential in this Mapleton-Fall Creek area home with 5 bedrooms. Close to the Monon...
3
Beds
2
Baths
3,958
Sq.Ft.
1954
Year Built
2
Days on Site
21722246
MLS
Great opportunity on this Ranch style 3 Bedroom 2 Bath home with approx. 2740 sq. ft. of living space. Home features covered front and rear porches, Living room, Family room w/FP, Kitchen Dining...
2
Beds
1
Baths
1,829
Sq.Ft.
1925
Year Built
84
Days on Site
21704443
MLS
Great opportunity here with this cute bungalow style home with a detached 2 car garage and 3 lots!!! Has cozy enclosed front porch and a gazebo in the yard. Kitchen is huge with lots of cabinets and...
2
Beds
1
Baths
1,966
Sq.Ft.
1925
Year Built
63
Days on Site
21707632
MLS
Small town living so close to many amenities, including racing tracks the Speedway, and Raceway Park. Convenient to interstate, schools, churches and lots of easy to access stores. This home is...
3
Beds
2
Baths
2,638
Sq.Ft.
1930
Year Built
128
Days on Site
21686882
MLS
NICE HOME AND CLOSE TO DOWNTOWN. THE HOME HAS A FINISHED ATTIC THAT CAN BE USED AS A 3RD BEDROOM OR A MASTER BEDROOM.
3
Beds
1
Baths
1,222
Sq.Ft.
1916
Year Built
134
Days on Site
21694516
MLS
Lots of potential for this home located in an up and coming area of Indianapolis.
0.14
Acres
116
Days on Site
21699104
MLS
READY TO BUILD! Build your dream home on this lot located in an up and coming area!

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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