A Michigan foreclosure does not end your options. Until the sheriff sale happens, and often during the redemption period after it, you can sell the house, pay off the loan, and walk away with the difference.
Most Michigan foreclosures are by advertisement, not through a courtroom. After roughly 120 days of missed payments the lender can begin publishing a notice of sale, and about four weeks later the house goes to sheriff sale. That publication period plus the redemption period after the sale is your window.
For most owner occupied homes, Michigan law gives you a six month redemption period after the sheriff sale. You still own the house during redemption. You can still sell it. What shrinks every month is your equity, because interest, fees, and the eventual auction discount all eat into it.
At a sheriff sale, the opening bid is usually just the loan balance plus costs. If nobody bids above it, the bank takes the house and your equity is gone. Selling before that happens turns the same house into a payoff check for the lender and a real check for you.
A cash sale also closes fast enough to matter. A listed sale with a financed buyer typically needs 30 to 60 days after an accepted offer, and an appraisal or inspection can sink it late. We buy with cash, skip both contingencies, and can close in as few as 7 days once title work is clear.
One phone call about the house and your loan situation. It helps to have a recent mortgage statement so we can see the payoff amount, but we can order the payoff from the lender either way.
From there we make a cash offer, and if you accept, the title company handles the payoff directly. Any amount above what you owe comes to you at closing. You never bring money to the table, and we never charge you a fee.
Foreclosure attracts bad actors. Never sign a deed over to anyone who promises to "save" the house while you keep living in it, and never pay an upfront fee for foreclosure rescue. A legitimate cash sale happens at a licensed title company, with the loan paid in full and documented, and you get your proceeds at the closing table.
You can also call the Michigan Homeowner Assistance Fund or a HUD approved housing counselor for free advice. If keeping the house is possible, we would rather you keep it. If selling is the right move, we will make it simple.
Usually yes. Most owner occupied Michigan homes have a six month redemption period after the sheriff sale, and you keep the right to sell during it. The sale must produce enough to redeem the property, meaning the auction price plus interest and fees. Call us early in the redemption period, because interest accrues daily.
That depends on the payoff amount and the condition of the house. We order an exact payoff from your lender and show you the math line by line. If our offer cannot clear the loan, we tell you straight and point you toward a short sale conversation with your lender instead.
Once title work is clear we can close in as few as 7 days. If your sale date is very close, tell us the date on the first call and we will tell you honestly whether there is enough time. Lenders will often adjourn a sale when a payoff is scheduled.
Tell us about the house and we will call with a cash offer, usually within 24 hours. No fees, no repairs, no obligation.
Prefer to talk first? Call (248) 238-8315