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

8 Properties
$471,304
Neighborhood: Edgewood Farms
4
Beds
2F11/2
Baths
2,538
Sq.Ft.
2022
Year Built
5
Days on Site
21866039
MLS
New Construction by D.R. Horton! Welcome to the McKinley in Edgewood Farms. This 2-story home features 4 bedrooms, 2.5 baths, den, open layout & 3 car garage. Spacious great room with gas fireplace...
$440,740
Neighborhood: Bethel Creek
4
Beds
2F11/2
Baths
2,450
Sq.Ft.
2021
Year Built
36
Days on Site
21858792
MLS
Welcome to the McKinley! This home showcases 4 bedrooms, 2.5 bathrooms, and a 3-car garage. Stepping into the home from the covered porch leads you to the versatile flex room with an optional tray...
$274,900
Neighborhood: Carroll Crossing
5
Beds
2F11/2
Baths
3,614
Sq.Ft.
2005
Year Built
21
Days on Site
21862045
MLS
Huge 5 bedroom 2.5 bath home with over 3600 square feet. This home features a living room, family room, a huge loft for entertaining, and a large master suite with a sitting area. The home is just...
$139,000
Neighborhood: Geyer Etal Sub Dunlops
2
Beds
1
Baths
1,325
Sq.Ft.
1900
Year Built
64
Days on Site
21851630
MLS
POTENTIAL POTENTIAL POTENTIAL, This project home is looking for an investor or future home owner to come in and spruce the place up. Currently a 2 bedroom 1 bath this house could be your blank slate...
$110,448
Neighborhood: Gateway West
3
Beds
1
Baths
1,152
Sq.Ft.
1964
Year Built
12
Days on Site
21864310
MLS
3 bed 1 bath brick/aluminum exterior home conveniently located in Gateway near shopping, dining, highways, and much more. This home offers a oversized living room, sizable bedrooms, functional...
$80,750
Neighborhood: Robin Run Village
2
Beds
2
Baths
1,483
Sq.Ft.
1986
Year Built
54
Days on Site
21853538
MLS
Not far from Eagle Creek Park, this 55+ condominium is THE home for you. Settled in a quiet community, this home features a large Great Room, two Bedrooms with a Master Bedroom Suite, and a back...
$825 / month
Neighborhood: Delbert Meyers
2
Beds
1
Baths
1,536
Sq.Ft.
1947
Year Built
22
Days on Site
21856642
MLS
Two bedroom, 1 bath bungalow available now on Indy's northeast side, near downtown. Stove and fridge included while washer/dryer hookups are available for this unit. Home also has a basement for...
$1
Neighborhood: Ardella Add
2
Beds
1
Baths
1,932
Sq.Ft.
1921
Year Built
16
Days on Site
21863229
MLS
This classic bungalow is in the heart of East Indy on N. Rural St. and close to everything the eastside offers. This is a 1288 sq ft, 2 bedrooms, 1 bath, one car detached garage w/carport, w/gas...

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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