You've heard the news, you've seen the signs, FORECLOSURE! There are so many foreclosures throughout the Indianapolis area, however, we need to count our blessings that we are not in the kind of shape that Florida, (1 in every 158 households foreclosed on) California, (1 in every 154 households foreclosed on)Las Vegas (1 in every 54 households foreclosed on) and others find themselves in today. According to RealtyTrac RealtyTrac one in 373 households in the U.S. received a foreclosure filing.
Bank owned homes in Indianapolis-Carmel ranked 63 for Metro Cities. It's not pretty, but it could be worse. Actually, those numbers and our rankings could change by next quarter. The government moratorium that was implemented in December of 2008 did not allow banks to foreclose on Indianapolis homes for sale for nearly the entire first quarter of this year and then some. I think we'll be seeing a big spike here rather soon. So check back for ongoing news about this
“Rising unemployment and a new variety of mortgage resets continued to gradually shift the nation’s foreclosure epicenters in the third quarter away from the hot spots of the last two years and toward some metro areas that had avoided the brunt of the first foreclosure wave,” said James J. Saccacio, chief executive officer of RealtyTrac.
You may be wondering how you can purchase one of these Bank Owned Homes in Indianapolis? You might be looking for that perfect deal. Here's a list of ALL bank owned homes in the Indianapolis area - you can sort by price if you wish.
If you're going to write an offer on a Bank-Owned Home write a "clean offer". What is a "clean offer?" It might be accepting the property "as is". Not writing in all kinds of contingencies. If you write in too many demands the bank will go with the cleaner "easier" offer. So, you may offer more with several demands, and someone else might offer less with no demands and they get the home.
CENTURY 21 Scheetz specializes in Residential Real Estate, and REO/Bank-Owned Homes. If you are looking for "the deal" contact us and we can certainly point you in the right direction!
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