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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

    7841 Hoover Road, Indianapolis image
    7841 Hoover Road, Indianapolis $347,000

    2 Story Brick Home with Large Yard, 4 Bedrooms, 2 Full Baths plus 2 half Baths. Sunny Dining Area. Huge Family Room with Fireplace beautifully adorning the original Ha...

    • 4 Beds
    • 4 Baths
    Courtesy of AL Page Realty

    Listing courtesy of AL Page Realty.

    1137 Woodmere Drive, Indianapolis image
    1137 Woodmere Drive, Indianapolis $310,000

    Large sprawling 5 bedroom home ready to make your own! This home has 5 large bedrooms, 3 full baths and one half bath in a lovely well maintained neighborhood. The home s...

    • 5 Beds
    • 4 Baths
    Courtesy of Wilmoth Group

    Listing courtesy of Wilmoth Group.

    7423 Iron Rock Road, Indianapolis image
    7423 Iron Rock Road, Indianapolis $259,900

    Lovely 3 BR/ 2 BA ranch w/ welcoming front porch, large fully fenced back yard & mini barn. Updated & cozy farmhouse eat in Kitchen with SS appliances open to Family roo...

    • 3 Beds
    • 2 Baths
    Courtesy of F.C. Tucker Company

    Listing courtesy of F.C. Tucker Company.

    Information Deemed Reliable But Not Guaranteed. © 2022 Metropolitan Indianapolis Board of REALTORS®

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