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

62 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
$799,000
Subdivision: N/A
ACRES
1.51
ON SITE
58Days
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...
2421 W 39th Street
Indianapolis, IN 46228
2421 W 39th Street Indianapolis, IN 46228
1 of 19
$519,900
Subdivision: N/A
BEDS
5
BATHS
5
SQ.FT.
8,044
BUILT
1934
ON SITE
16Days
MLS
21560763
Whether you're an investor or someone who has been looking for the diamond in the rough, DON'T MISS THIS! This gated English Manor Estate sits on almost 2 wooded acres and backs to a creek. The...
3749 N Kitley Avenue
Indianapolis, IN 46226
3749 N Kitley Avenue Indianapolis, IN 46226
1 of 5
$429,000 ( $50,000 )
Subdivision: N/A
ACRES
1.1
ON SITE
72Days
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...
10434 Starboard Way
Indianapolis, IN 46256
10434 Starboard Way Indianapolis, IN 46256
1 of 3
$424,900
Subdivision: Masthead
BEDS
5
BATHS
6
SQ.FT.
6,145
BUILT
1981
ON SITE
9Days
MLS
21608559
This home is dated and in need of work. It is a cul de sac location with cove access to geist. There currently is no dock. See attachments for details. This home has a great setup for home...
000 Confidential Ave.
Indianapolis, IN 46236
000 Confidential Ave. Indianapolis, IN 46236
1 of 8
$250,000 ( $10,000 )
Subdivision: Admirals Bay
BEDS
4
BATHS
5
SQ.FT.
3,021
BUILT
1995
ON SITE
20Days
MLS
21591229
Description prohibited from being displayed by listing agent...
8637 S Tibbs Avenue
Indianapolis, IN 46217
8637 S Tibbs Avenue Indianapolis, IN 46217
1 of 25
$217,500 ( $2,500 )
Subdivision: N/A
BEDS
5
BATHS
2
SQ.FT.
1,922
BUILT
2013
ON SITE
74Days
MLS
21598767
This is house is a MUST SEE in a beautiful neighborhood. Located on the golf course in Whispering Falls of the Southern Dunes neighborhood, this 5 bedroom, 2 bath, with 3 car garage offers everything...
6910 Copper Mountain Court
Indianapolis, IN 46236
6910 Copper Mountain Court Indianapolis, IN 46236
1 of 30
$214,500 ( $24,500 )
Subdivision: N/A
BEDS
4
BATHS
3
SQ.FT.
2,027
BUILT
1991
ON SITE
138Days
MLS
21585126
Move in ready home in Lawrence Township just minutes to Geist Reservoir, Fort Harrison State Park and interstate access! Enjoy the view of the pond from the wood deck. New updates include new HVAC,...
11724 Crab Apple Road
Indianapolis, IN 46239
11724 Crab Apple Road Indianapolis, IN 46239
1 of 27
$209,900 ( $50,000 )
Subdivision: N/A
BEDS
3
BATHS
3
SQ.FT.
3,136
BUILT
2002
ON SITE
155Days
MLS
21576086
Updated home in custom community features over 3000 sq ft of comfort. Gleaming hardwood floors welcome you to suburban living at its best. Large eat-in kitchen with new stainless appliances, formal...
1652 Spann Avenue
Indianapolis, IN 46203
1652 Spann Avenue Indianapolis, IN 46203
1 of 22
$200,000 ( $50,000 )
Subdivision: N/A
BEDS
4
BATHS
2
SQ.FT.
1,817
BUILT
1900
ON SITE
139Days
MLS
21584612
Completly renovated by extremely innovative owner. Living room and dining room have breath-taking multiple-tray ceilings and gleaming hardwood floors. Unusual mirror effect in family room. All...
5633 Newhall Place
Indianapolis, IN 46239
5633 Newhall Place Indianapolis, IN 46239
1 of 11
$199,900 ( $15,000 )
Subdivision: Edgewood Trace
BEDS
3
BATHS
3
SQ.FT.
2,842
BUILT
2008
ON SITE
81Days
MLS
21597484
Large 3 bedroom 2.5 bath home in desirable Edgewood Trace neighborhood. Home sits on one of the larger lots in the neighborhood with no homes behind it for extra privacy. There is plenty of space...
7848 Yarmouth Way
Indianapolis, IN 46239
Open House
7848 Yarmouth Way Indianapolis, IN 46239
1 of 19
$189,000
Subdivision: Chessington Grove
BEDS
4
BATHS
3
SQ.FT.
2,107
BUILT
2006
ON SITE
19Days
MLS
21608065
Stunning home features 4 bedrooms and 2.5 baths. Front entry showcases a dramatic stairway and a 2 story foyer. The generous kitchen provides loads of cabinets and a convenient island. Kitchen opens...
5116 Laurel Hall Drive
Indianapolis, IN 46226
5116 Laurel Hall Drive Indianapolis, IN 46226
1 of 38
$179,900 ( $10,000 )
Subdivision: N/A
BEDS
3
BATHS
2
SQ.FT.
3,682
BUILT
1956
ON SITE
155Days
MLS
21581557
Peaceful, quiet neighborhood with minimal traffic, close to everything! This home includes over 1800 sq. ft. on main level, 3 bedrooms, 2 baths, and 2-car attached garage. Enjoy the additional...

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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