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.
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Indianapolis Area Foreclosures & Bank Owned Properties
| All Listings | Under $100,000 | $100,000 - $200,000 |
| $200,000 - $300,000 | $400,000 - $500,000 | $600,000 - $700,000 |
Includes A Second Home 2192 Sq. Ft., Main House Has...
- Price:
- $610,000
- Address:
- 7800 Sargent Rd
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- BLC® #:
- 21232922
- Provider:
- Realhome Services And Solution
Includes A Second Home 2192 Sq. Ft., Main House Has An Indoor Pool. Reo Property. Property Sold As-is...
A Great Opportunity In Lake Charlevoix. Lots Of Flair...
- Price:
- $424,500
- Address:
- 6427 Calais Dr
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 5
- Type:
- Residential
- BLC® #:
- 21223571
- Provider:
- Sycamore Group
A Great Opportunity In Lake Charlevoix. Lots Of Flair In This 4 Bedroom Home. Dramatic 2 Story Entrance...
Great Opportunity To Live At Lake Charlevoix. Home...
- Price:
- $295,900
- Address:
- 5943 Calais Ct
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- BLC® #:
- 21224351
- Provider:
- Keller Williams Indpls Metro N
Great Opportunity To Live At Lake Charlevoix. Home Is On A Flood Plain And Has Foundation Defects. It...
What An Absolutely Fantastic Place To Call Home! Located...
- Price:
- $289,900
- Address:
- 12438 Old Stone Dr
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- BLC® #:
- 21225935
- Provider:
- The Wilmoth Group
What An Absolutely Fantastic Place To Call Home! Located In Admirals Bay, You're Only Seconds From Geist,...
Stunning Home In Prestigeous Admirals Sound! Full Of...
- Price:
- $289,000
- Address:
- 11581 Woods Bay Ln
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- BLC® #:
- 21221340
- Provider:
- Ala Carte Realty
Stunning Home In Prestigeous Admirals Sound! Full Of Upgrades From The Hardwood Flooring To The Granite...
Lovely Two Story Contemporary Home In Prestigious Princeton...
- Price:
- $269,500
- Address:
- 7827 Bayard Dr
- City:
- Indianapolis
- Beds:
- 4
- Baths:
- 3
- Type:
- Residential
- BLC® #:
- 21219050
- Provider:
- Home2heart Real Estate,llc
Lovely Two Story Contemporary Home In Prestigious Princeton Lakes,home Boast Of 4bedrms, 2.5 Baths, Welcoming...
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 amongst 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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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2013 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listing information last updated on May 23rd, 2013 at 9:00am.
