Indiana Foreclosures - 19,524 Foreclosure Listings

Foreclosure Homes in Indiana

There are currently foreclosed homes listed in Indiana. Why should you consider buying a foreclosure property in Indiana? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Indiana when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Indiana, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Indiana that you want to look for a property below. Then search through all distressed real estate listings in Indiana for the amazing deal that’s right for you.

Indiana Foreclosure Laws

In Indiana, foreclosures are usually handled through the courts in a judicial process. Loans are typically secured by mortgages. The amount of time required can vary, but it often takes several months for the court case and sale to be completed. Deficiency balances may still be owed if the sale proceeds are not enough to pay off the loan.

Foreclosure Type Process

Judicial
Mortgage Instrument Security Type

Mortgage. Deeds of trust are not commonly used.
Typical Timeline Duration

6-12+ months
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

3-12 month redemption depending on circumstances.
Process Summary

Foreclosure in Indiana is judicial. Lenders must sue, obtain a judgment, and sell the property through a sheriff’s sale.
Notice / Timing Statute

Indiana Code § 32-29-7-1 et seq., § 32-30-10-1 et seq. (judicial foreclosure)
Redemption Statute(s)

Indiana Code § 32-29-7-10 (redemption periods vary by circumstance)
Deficiency Statute(s)

Indiana Code § 32-29-7-5 (deficiency allowed after judicial sale)

How to Buy a Foreclosure in Indiana

To purchase a foreclosure in Indiana, monitor county sheriff sale notices, MLS, and court dockets. Indiana mostly uses judicial foreclosure; verify notice and redemption rights. Have your financing in place well before sale. Perform title searches and inspections. Attend the sheriff' sale and follow through on payment and transfer documentation.

What type of foreclosure is used in Indiana?

The type of foreclosure in Indiana is Judicial

Is there a redemption period in Indiana?

3-12 month redemption depending on circumstances.

Are deficiency judgments allowed in Indiana?

Deficiency judgments permitted in Indiana

How do you buy a foreclosure in Indiana?

To purchase a foreclosure in Indiana, monitor county sheriff sale notices, MLS, and court dockets.