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 Found. Showing 1-12
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5601 N Sunnyside Road
Indianapolis, IN 46219
5601 N Sunnyside Road Indianapolis, IN 46219
1 of 5
$699,000 ( $100,000 )
Subdivision: N/A
ACRES
1.51
ON SITE
185Days
MLS
21602957
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...
3749 N Kitley Avenue
Indianapolis, IN 46226
3749 N Kitley Avenue Indianapolis, IN 46226
1 of 5
$374,900 ( $104,100 )
Subdivision: N/A
ACRES
1.1
ON SITE
199Days
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...
6619 Marmont Circle
Indianapolis, IN 46220
6619 Marmont Circle Indianapolis, IN 46220
1 of 21
$214,900
Subdivision: Devonshire
BEDS
4
BATHS
4
SQ.FT.
4,200
BUILT
1963
ON SITE
30Days
MLS
21628526
Stately home in Devonshire nestled at the end of a charming cul-de-sac. The homes are beautiful in this Lawrence Township neighborhood. The all brick exterior promises maintenance free living and...
128 E 63rd Street
Indianapolis, IN 46220
128 E 63rd Street Indianapolis, IN 46220
1 of 16
$199,900
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
2,458
BUILT
1939
ON SITE
10Days
MLS
21632290
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...
330 Bernard Avenue
Indianapolis, IN 46208
330 Bernard Avenue Indianapolis, IN 46208
1 of 22
$128,700
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
2,052
BUILT
1920
ON SITE
16Days
MLS
21631228
Butler Tarkington Area Charmer with small yard for less maintenance. Home is a one and half story 3BR home with a main level bedroom which is a bit unique for the era. It appears there was a room...
6706 Oak Lake Drive
Indianapolis, IN 46214
6706 Oak Lake Drive Indianapolis, IN 46214
1 of 12
$124,800
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
1,744
BUILT
1990
ON SITE
12Days
MLS
21631747
This 1,744 sq foot home offers a large .30 acre lot with some mature trees along with lots of space in the interior! There's a family room with fireplace, living room, eat-in kitchen plus a formal...
6422 Bower Drive
Indianapolis, IN 46241
6422 Bower Drive Indianapolis, IN 46241
1 of 22
$122,000
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
1,972
BUILT
1994
ON SITE
11Days
MLS
21631822
This spacious two story Wayne Township home has easy highway access and is located within close proximity to Ben Davis HS and Indianapolis Int Airport. Inside you will find 4 bedrooms, 2.5...
3951 Sunshine Avenue
Indianapolis, IN 46228
3951 Sunshine Avenue Indianapolis, IN 46228
1 of 20
$121,000
Subdivision: Robertson Village
BEDS
4
BATHS
3
SQ.FT.
2,210
BUILT
1989
ON SITE
6Days
MLS
21632981
Great opportunity to own this Traditional style home featuring 4 Bedrooms and 2.5 Bathrooms. This home offers approximately 2,210 square feet of living space, a Fireplace, in-suite master bath with...
5126 Dickson Road
Indianapolis, IN 46226
5126 Dickson Road Indianapolis, IN 46226
1 of 22
$114,950
Subdivision: Devon Hills
BEDS
3
BATHS
2
SQ.FT.
3,268
BUILT
1955
ON SITE
11Days
MLS
21632147
Great opportunity on this brick home in the Devon Hills neighborhood. Located just a short drive to interstate access and Fort Harrison State Park. This home features 3 bedrooms, 1.5 baths, hardwood...
806 E Edgewood Avenue
Indianapolis, IN 46227
806 E Edgewood Avenue Indianapolis, IN 46227
1 of 10
$114,900 ( $8,000 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
3,998
BUILT
1945
ON SITE
86Days
MLS
21616203
Lots of room to roam and a very versatile floor plan are just two of the great qualities of this one of a kind property. This home sits on a gorgeous half-acre lot with soaring pine trees. Offering...
211 S Arlington Avenue
Indianapolis, IN 46219
211 S Arlington Avenue Indianapolis, IN 46219
1 of 15
$109,000
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
3,543
BUILT
1920
ON SITE
3Days
MLS
21634873
Great home waiting for your final touches. South of downtown Irvington, this grand home offers location, location, location. Walk to restaurants, shops and schools. Some newer windows, hardwoods,...
5136 Gambel Road
Indianapolis, IN 46221
5136 Gambel Road Indianapolis, IN 46221
1 of 5
$104,400
Subdivision: Cloverleaf Village
BEDS
4
BATHS
2
SQ.FT.
1,278
BUILT
1971
ON SITE
52Days
MLS
21623270
Auction properties are sold AS IS without any guarantee or warranty by seller. Property may be occupied. Please do not trespass.

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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