Can You Sell a House in Foreclosure Indiana?

5-Star Google Rating



Home » Can You Sell a House in Foreclosure Indiana?

Can You Sell a House in Foreclosure in Indiana?

Facing foreclosure is challenging, but homeowners have options. One of these options is selling your home even when in foreclosure. Here’s an in-depth look at what homeowners in Indiana should know when considering this route.

Understanding Foreclosure in Indiana

Foreclosure is the legal process that lenders, typically banks, utilize to reclaim a property from homeowners who’ve failed to keep up with their mortgage payments. In Indiana, there are two main types of foreclosures: judicial and non-judicial. In both situations, prompt action can be the difference between keeping or losing your home.

Timeline of Foreclosure in Indiana: Know the Phases

  1. Initial Missed Payment: The ticking clock starts the moment you miss your first mortgage payment.
  2. Entering Default: After 90 days of non-payment, the lender will declare a default and initiate the foreclosure procedure.
  3. Notice of Default: When served with this notice, homeowners should immediately explore solutions, ranging from repayment plans to selling the property.
  4. Pre-Foreclosure: Selling during this phase is an option, allowing homeowners to potentially recover some equity before the home is auctioned off.
  5. Auction Notice: If not addressed, the home enters auction, where it might be bought by a third party.
  6. Eviction: Post-auction, homeowners might face eviction, especially if the home is purchased by someone other than the bank.

Is Selling a Foreclosure Home Possible in Indiana?

Absolutely. Homeowners can opt for a pre-foreclosure sale, which, if successful, might even pay off overdue payments. But remember, professional advice is crucial during such challenging times.

Foreclosure Sale Timeline in Indiana

From the first missed payment to potential eviction, the Indiana foreclosure timeline can span just six months. However, selling a foreclosed home depends on multiple factors, including market conditions, property condition, and the urgency of the homeowner.

Steps to Selling a Home in Foreclosure in Indiana

  1. Know Your Home’s Worth: Start by evaluating its current market value.
  2. Set a Competitive Asking Price: Based on your evaluation, set a price that attracts potential buyers.
  3. Notify Your Lender: Inform them of your intention to sell during pre-foreclosure.
  4. Choose Your Sales Path: Decide between hiring a realtor or handling the sale yourself.
  5. Negotiate Offers: Upon receiving an offer, negotiate terms favorable to both parties.
  6. Inform Your Lender About the Sale: Once settled, notify your lender about the buyer and finalize the sale.
  7. Complete the Sale: Transfer property ownership to the new buyer and settle outstanding dues.

Challenges in Foreclosure Sales in Indiana

  • Attracting Buyers: Foreclosed homes might deter some buyers, making the pricing strategy vital.
  • Negotiations with Lenders: Working out a sale during pre-foreclosure can be complicated.
  • Potential Legal Issues: Ensure you’re transparent about any litigations tied to the property.

Considering Alternatives to Selling

  1. Address Overdue Payments: If feasible, clear any back payments to retain the property.
  2. Loan Restructuring: Discuss altering the loan terms with your lender.
  3. Refinance: Consider refinancing the loan before foreclosure ensues.
  4. Deed in Lieu: Voluntarily transfer your property to the lender.
  5. Short Sale: With lender approval, sell the home for less than the outstanding mortgage.

Common Foreclosure Questions

  1. Pre-Foreclosure Sales: It’s indeed possible to sell during this phase.
  2. Outstanding Dues Post-Auction: Depending on the auction outcome, homeowners might still owe money.
  3. Selling to Cash Buyers: Yes, selling to cash buyers is an option, but due diligence and transparent communication are essential.

In the face of foreclosure, understanding your options and acting promptly is crucial. Whether you’re considering selling your home or exploring other avenues, make informed decisions and seek professional advice when needed.

For any further inquiries or assistance on selling a forclosure house in Indiana, don’t hesitate to reach out to Tony Buys Homes at 815-488-6373 and we can help with we buy houses fast Indiana. With expertise and a network of resources, we can turn a challenging situation into a seamless transaction.


Tony Buys Homes can help you sell your home fast by offering you cash for your inherited, foreclosure, distressed, in need of repair home. We do not provide retail prices for homes.

#1 Cash Home Buyers for Can You Sell a House in Foreclosure Indiana?


Call or Text Us at 815-488-6373 or by filling out our contact form to tell us your Property Location.


Receive a FREE, No obligation, cash offer, within 24 hours of our appointment.


You choose the closing date, whenever you desire. You can close within 7 day, cash!

We buy homes in ANY CONDITION and for CASH!

About Tony Buys Homes

My wife Tiffany and I operate Tony Buys Homes, & are a family business.   We love our local community & want to help improve it by improving the homes we purchase. We are not just a wholesaler, we purchase & keep the homes we buy, unlike competitors who are looking to only reassign your home for a profit. We pride ourselves in getting you the highest cash offer possible!

Thomas Staudt
Thomas Staudt
Trustindex verifies that the original source of the review is Google.
The guys at Tony Buys Homes were fantastic to work with! They helped with an inherited property that we were looking for a quick close on. Give Tony a call and he will take care of you!
Nick Rollings
Nick Rollings
Trustindex verifies that the original source of the review is Google.
First and foremost, I just want to state that this was an amazing experience working with Tony Buys Homes. The whole process was so smooth and there wasn’t a single time when I called that it went to voicemail. Ditto to everytime I texted and had questions about my cash home sale. Lastly, Tony orked to settle on a price that was right for me and my situatioh. I just wanted to say thank you to Tony Buys Homes for buying my ugly house!!
Yao-Yao Ho
Yao-Yao Ho
Trustindex verifies that the original source of the review is Google.
Thank you Tony for responding my call right away. Even though the offer did not work out, truly appreciate you took the time to explain things in details throughout this process and answered many questions. It's a great pleasure working with you!
Larry Bostick
Larry Bostick
Trustindex verifies that the original source of the review is Google.
I had a great experience working with Tony. From the very beginning he was honest and very responsive. Kudos to him for making everything go very smoothly and helping me out in my situation. If you have an old distressed home you need quick cash for then give Tony a call!
Michael Ahlgren
Michael Ahlgren
Trustindex verifies that the original source of the review is Google.
Thank you tons Tony for buying our ugly house fast during these strange times. Tony responded to my house the day that I called and by the next day we had agreed on a price! Maybe just 10 days later we were able to close! Thanks again Tony - I would definitely recommend this Naperville house buying company... 5 stars!
Fred Baustian
Fred Baustian
Trustindex verifies that the original source of the review is Google.
Sad to say that the sale did not work out perfectly for us, but that doesn't change the great review Tony earned for his had work alone! Very great to work with, super understanding towards a first time home seller. More than fair with his offer. Could not have had a better experience. Just call him, he is the best.
Q's Cabinet Shoppe
Q's Cabinet Shoppe
Trustindex verifies that the original source of the review is Google.
I partnered with Tony and the process went really fast. Tony was always responsive! He was available to chat on the phone or text to answer any questions. Most importantly he stayed in touch with all updates without me having to ask. You absolutely should get help from him selling your home. Highly recommend Tony Buys Homes!
Dave Loftus
Dave Loftus
Trustindex verifies that the original source of the review is Google.
Thy Couldn’t provide any more ease. The initial transaction went just as they described. No hassles at all... and no additional fees. If you’re looking for quick cash, and a quick real estate close... Tony can help!
Serving Greater Indiana
Indiana Resources To Sell Any Home