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

26 Properties
Page 1 of 3
4
Beds
3F11/2
Baths
4,062
Sq.Ft.
1979
Year Built
29
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
2,016
Sq.Ft.
1979
Year Built
10
Days on Site
21700718
MLS
Enjoy a country life style on this beautiful 3+ acre lot only minutes from the fun of downtown Indy! The possibilities are endless with this classic 2,000 sqft. Tri-level home including; 4 Bedroom...
4
Beds
2F11/2
Baths
3,254
Sq.Ft.
1956
Year Built
61
Days on Site
21693205
MLS
Fantastic mid century home on over an acre. They don't build them like this anymore! A stunning wall of windows overlooking Williams Creek and Marott Nature preserve. A multi-level floor plan gives...
$179,000
Subdivision: Woodpointe
4
Beds
2F11/2
Baths
2,140
Sq.Ft.
1998
Year Built
29
Days on Site
21698344
MLS
Much larger than it looks!!! Just over 2100 Square feet Ft. Four bedrooms and 2.5 baths. Large eat in kitchen with open floor plan. New carpet, fresh paint, stainless appliances, and loads of...
$175,000
Subdivision: River Run
3
Beds
2
Baths
1,410
Sq.Ft.
2007
Year Built
4
Days on Site
21702248
MLS
Gorgeous Ranch home in River Run! Covered porch leads you into this beautiful home. Enter the foyer to find new slate tile & new lighting. Step right into your newly designed office space w/custom...
$170,000
Subdivision: Mayfair Village
4
Beds
2F11/2
Baths
2,979
Sq.Ft.
2007
Year Built
3
Days on Site
21703133
MLS
Great opportunity to own this home in Mayfair Village in Warren Township. This home features 4 bedrooms, 2.5 baths, spacious kitchen/breakfast room with pantry, formal dining room, family room w/wood...
4
Beds
2F11/2
Baths
3,096
Sq.Ft.
2006
Year Built
15
Days on Site
21701239
MLS
Great home with tons of room. Check out this large 2 story home. Main floor master suite with bathroom that has separate tub and shower PLUS it's own bonus room. Plus three other bedrooms. Fenced...
3
Beds
1
Baths
1,128
Sq.Ft.
1952
Year Built
54
Days on Site
21693161
MLS
Nice 3 bedroom ranch with a updated bath and kitchen, living room and dining room, attached garage, wood deck, on 1 acre + or -. Private country setting with easy access to the airport and downtown...
3
Beds
1
Baths
1,930
Sq.Ft.
1964
Year Built
71
Days on Site
21690829
MLS
3 bedroom 1 bath 2 story with over 1900sf and two car garage. Sold as-is.
$135,000
Subdivision: Bellaire
2
Beds
1
Baths
1,368
Sq.Ft.
1925
Year Built
35
Days on Site
21696240
MLS
Come check out this opportunity to make a home your own! This beautiful older home with tons of potential already has some lovely features. Exposed brick walls on the interior make a lovely feature...
$115,000
Subdivision: Rosedale Hills
2
Beds
2
Baths
1,576
Sq.Ft.
1965
Year Built
3
Days on Site
21685159
MLS
Awesome opportunity on this 2 bed 2 bath brick ranch. 2 car attached garage. The home offers 3 different living spaces, a formal living room, a family room with a fireplace and a enclosed patio...
4
Beds
1F11/2
Baths
2,510
Sq.Ft.
1920
Year Built
19
Days on Site
21700554
MLS
Wow! Wanamaker beauty available for you. Enjoy walking to the local eateries and driving to local wineries. Such a unique feel to this home. The covered front porch invites evenings spent watching...

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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