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

36 Properties
Page 1 of 3
4
Beds
3F11/2
Baths
4,896
Sq.Ft.
1928
Year Built
114
Days on Site
21650646
MLS
Rare find in desirable Wynnedale neighborhood. This 4 bedroom 3.5 bath English Tudor home sits on a large .8 acre lot and includes a large living room, formal dining room, family room, breakfast...
4
Beds
3F11/2
Baths
4,310
Sq.Ft.
1970
Year Built
62
Days on Site
21662591
MLS
Fantastic Spring Mill Rd area home! Belle Meade subdivision with gated access off 96th St or non gated off Spring Mill Rd. 1970's built custom home on .51 acre with 3428 sqft, 4 bedrooms, 3 full...
$299,900
Subdivision: Parke Place
3
Beds
2
Baths
1,852
Sq.Ft.
2019
Year Built
30
Days on Site
21668677
MLS
Don't miss the opportunity to put all of your personal selections and touches on this outstanding Bridgenorth Homes ranch in the highly desirable Parke Place community. This fantastic open concept...
$249,900
Subdivision: Greythorne
4
Beds
2F11/2
Baths
4,188
Sq.Ft.
2000
Year Built
28
Days on Site
21668329
MLS
Move in ready! This well maintained 4 bed 2 1/2 bath home with spacious loft sits on a picturesque cul de sac and has lovely nature views from the large backyard. The homeowners have updated all the...
$240,000
Subdivision: Crooked Creek
4
Beds
2F11/2
Baths
3,326
Sq.Ft.
1989
Year Built
9
Days on Site
21674076
MLS
Beautiful 2- story home in Pike Township! Fresh paint and new flooring throughout. 4 bdrms/2 full baths and 1 half bath. LR, DR, Kitchen and laundry room. Large full basement with family room,...
3
Beds
2
Baths
2,614
Sq.Ft.
1958
Year Built
28
Days on Site
21668867
MLS
Amazing opportunity! Charming all brick ranch with basement on cozy tree lined street in great neighborhood. Large open living space boasts gas fireplace and flows in to the formal dining room all...
$205,000
Subdivision: Crooked Creek
4
Beds
2F11/2
Baths
2,160
Sq.Ft.
1995
Year Built
25
Days on Site
21670342
MLS
Located in popular Pike Township, this home offers good schools, great location and short drive to downtown Indy. Eagle Creek Reservoir is minutes away for extra fun year round. This home features 4...
6
Beds
3F11/2
Baths
6,801
Sq.Ft.
1965
Year Built
15
Days on Site
21662189
MLS
Don't miss out on the opportunity to own this unique one of a kind home. This spacious home has almost 7000 SF and has plenty to offer including 6 bedrooms, 3.5 bathrooms, a 3 car attached garage, 4...
3
Beds
2F21/2
Baths
3,924
Sq.Ft.
2011
Year Built
30
Days on Site
21668749
MLS
Wonderful townhome off 71st and 465. Excellent floor plan with 3 bedrooms, fireplace, dining room, living room, den on lower level w/ 1/2 bathroom and balcony.
2
Beds
2
Baths
1,755
Sq.Ft.
1985
Year Built
17
Days on Site
21668824
MLS
Great opportunity to own this single story all brick condo located just minutes from Keystone at the Crossing, with many dining and shopping options located nearby. This 2 bedroom, 2 bathroom home...
2
Beds
1
Baths
2,113
Sq.Ft.
1925
Year Built
2
Days on Site
21675516
MLS
HISTORIC DISTRICT LOCATION! Here is your chance to have a part of Indiana History. Fully renovated w/a touch of a class bungalow in the heart of IRVINGTON. This 2 BR home w/full basement sits on a...
$137,000
Subdivision: Orchard Valley Farms
3
Beds
2
Baths
1,230
Sq.Ft.
2002
Year Built
59
Days on Site
21662911
MLS
Perfect for the picky buyer. Cute and comfy 3 bedroom/2 bath ranch style home sits on a pond. Watch the ducks from your breakfast area or sit on your patio and enjoy the view. All bedrooms have...

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.

New Listing

Email Alerts

Subscribe Today!
Testimonials

 

Learn More!
Your Home Sold

Guaranteed

Contact Us Now!
From Our Blog
Monday, October 14, 2019

The Weird Science Behind The Pumpkin Spice Latte

Pumpkin Spice is to Fall, as Andrew Luck is to the Colt...wait, too soon? Over the past decade, Pumpkin Spice has all but become the official face of Fall’s Annual Campaign to be elected ...  Read More