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Bank Owned Foreclosure Search

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Foreclosures

Foreclosures, or bank-owned homes, continue to offer buyers a once-in-a-lifetime opportunity to own a dream home. But not always. Before you decide on a foreclosed property, be sure you know what you're getting into. Some things to keep in mind about buying a bank-owned home:

  • Foreclosures are generally sold "as-is". It's imperative that you order a home inspection before you commit to buying a foreclosure so that you know exactly what repairs are necessary. This can save a lot of money and huge headaches down the road. You'll also need to have money set aside for necessary repairs.
  • Don't expect perfection. Foreclosed properties can be in rough shape, although not always. Be prepared to look beyond surface issues to the diamond in the rough.
  • Don't be afraid to ask. Although banks don't often agree to repairs or other concessions, sometimes it doesn't hurt to ask.
  • Research, patience, and persistence are important ingredients when purchasing a foreclosure. The help of an experienced real estate agent never hurts, either, since a good agent should be well-informed about the local real estate market and the foreclosure process.

Latest Indianapolis Foreclosures

10865 Hidden Creek  Drive, Indianapolis image
10865 Hidden Creek Drive, Indianapolis $413,715

Welcome to the Glendale, part of our Prestige Series featuring four bedrooms and two-and-a half bathrooms that include a gourmet kitchen, a gathering room gas fireplace, ...

  • 4 Beds
  • 3 Baths
Courtesy of M/I Homes Of Indiana, L.P.

Listing courtesy of M/I Homes Of Indiana, L.P..

55 Harding  Street, Indianapolis image
55 Harding Street, Indianapolis $236,500 ▼

Modern features in an excellent location with this downtown loft. Features include exposed brick, textured concrete floors, and wood beams which run throughout this 2 be...

  • 2 Beds
  • 2 Baths
Courtesy of Diverse Property Solutions Ind

Listing courtesy of Diverse Property Solutions Ind.

926 Cameron  Street, Indianapolis image
926 Cameron Street, Indianapolis $140,000

This lovely home is very cozy with extraordinary potential for you to make your own! This home is just waiting for you to bring all of your style and character to create ...

  • 3 Beds
  • 2 Baths
Courtesy of Keller Williams Indy Metro S

Listing courtesy of Keller Williams Indy Metro S.

Information Deemed Reliable But Not Guaranteed. © 2021 Metropolitan Indianapolis Board of REALTORS®

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