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 & Bank Owned Properties

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000
245 Properties Found. Showing Page 1 of 41
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Stunning 5 Bedroom Home In Gated Community, Hom...

$559,900
Indianapolis, IN
5 br, 5 ba, 5,276 ft² Residential
Price:
$559,900
Address:
9032 Diamond Pointe Dr
City:
Indianapolis
Beds:
5
Baths:
5
Type:
Residential
BLC® #:
21276082
Provider:
Wynkoop Brokerage Firm, Llc

Stunning 5 Bedroom Home In Gated Community, Home Includes A Huge Living Room With Beautiful Brick...

9032 Diamond Pointe Dr, INDIANAPOLIS Residential Property at 9032 Diamond Pointe Dr

Beautiful 3-4 Bedroom Custom Built Home In Desi...

$414,900
Indianapolis, IN
3 br, 3 ba, 5,570 ft² Residential
Price:
$414,900
Address:
1856 Rooses Ln
City:
Indianapolis
Beds:
3
Baths:
3
Type:
Residential
BLC® #:
21279983
Provider:
Wynkoop Brokerage Firm, Llc

Beautiful 3-4 Bedroom Custom Built Home In Desirable Killarney Hill Neighborhood, Located On A .9...

Residential Listing in KILLARNEY HILL AT MURPHY' INDIANAPOLIS

One Of A Kind Home In Sylvan Estates. Indoor...

$379,900
Indianapolis, IN
4 br, 4 ba, 5,849 ft² Residential
Price:
$379,900
Address:
6444 Dover Rd
City:
Indianapolis
Beds:
4
Baths:
4
Type:
Residential
BLC® #:
21265480
Provider:
Sycamore Group

One Of A Kind Home In Sylvan Estates. Indoor Lap Pool And Outdoor Jacuzzi For Your Enjoyment. ...

Residential Property at 6444 Dover Rd, INDIANAPOLIS 46220

Big Master Suite. Great 3 Bdrm, 2.5 Bath Ranch ...

$300,000
Indianapolis, IN
3 br, 3 ba, 2,418 ft² Residential
Price:
$300,000
Address:
7333 Elm Ridge Dr
City:
Indianapolis
Beds:
3
Baths:
3
Type:
Residential
BLC® #:
21283974
Provider:
Atlantis Realty Group, Inc

Big Master Suite. Great 3 Bdrm, 2.5 Bath Ranch That Opens To The Great Room. Formal Dining Room. ...

 MLS® #21283974: Residential Listing in INDIANAPOLIS

3777 Sq. Ft., 3-bedroom, 2.5-bath, 2-story Home...

$299,900
Indianapolis, IN
3 br, 3 ba, 3,363 ft² Residential
Price:
$299,900
Address:
5999 Winnpeny Ln
City:
Indianapolis
Beds:
3
Baths:
3
Type:
Residential
BLC® #:
21279198
Provider:
Wood Realty Group

3777 Sq. Ft., 3-bedroom, 2.5-bath, 2-story Home With 2-car Attached Garage And Sunroom, Built In ...

INDIANAPOLIS Residential,  MLS® #21279198

Stunning Home With A Corner Lot On Historic Par...

$279,900
Indianapolis, IN
4 br, 4 ba, 3,237 ft² Residential
Price:
$279,900
Address:
2462 N Park Ave
City:
Indianapolis
Beds:
4
Baths:
4
Type:
Residential
BLC® #:
21260354
Provider:
Wynkoop Brokerage Firm, Llc

Stunning Home With A Corner Lot On Historic Park Ave. This Amazing Home Has 4 Beds And 3 And A Ha...

2462 N Park Ave, INDIANAPOLIS 46205

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.

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. © 2014 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on April 20th, 2014 at 10:00am EDT.

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