When searching for Hendricks County foreclosure homes on Zillow many buyers ask me about the the ones labeled as "Pre-foreclosure." Everyone wants a great deal, and foreclosures are usually sold under value because they need work. Zillow displays these like regular for sale listings now with with their own price they make up, so they appear to actually be for sale. The truth is they are not, at least not yet.
Although Zillow has gotten better with their data than in the past, some of these potential listings are outdated, and were already sold at the sheriff sale (courthouse auctions). In many cases the auctions will cancel for various reasons, and the listings will disappear and never come back. For those that do end up as a true foreclosure they will be offered for sale through the sheriff sale first (it happens once a month). With these sales, there are strict rules, risks, and must be 100% paid in full the day of the sale, which eliminates 99% of home buyers.
For those that do not sell at the sheriff sale, they will usually end up being a MLS listed foreclosed property where anyone can bid and financing is allowed if the property condition will allow it.
Do you see a "Pre-Foreclosure" property that you might be interested in? Reach out to me and we can discuss this process in more detail, and I can give you more options for potentially buying it. Purchasing and renovating these properties is something I have a lot of experience with!