Facing Foreclosure? Know Your Options Early.
Foreclosure is time-sensitive. Selling may be one option, but it is not the only option.
Before the sheriff's sale
Michigan homeowners may still have loss-mitigation options before a sheriff's sale. A HUD-certified counselor can help homeowners understand alternatives.
After a sheriff's sale
Michigan commonly provides a redemption period after the sheriff's sale. The exact period and rights depend on the facts, so verify dates and get qualified advice.
Where real estate fits
If there is enough time and equity, a sale may help an owner exit the property before losing remaining equity. That decision should be made alongside—not instead of—appropriate housing, legal or financial guidance.
Common questions
Can I sell my Michigan home during foreclosure?
Potentially, depending on the stage, deadlines, title, payoff and available equity. Get the exact foreclosure dates before making assumptions.
Where can I get independent foreclosure help?
HUD-certified housing counseling is available, and foreclosure counseling is free through participating agencies.
10+ years working with homeowners facing foreclosure.
I have significant experience with Michigan redemption-period sales, including helping homeowners sell after a sheriff's sale. In some cases, a sale has allowed the owner to resolve the foreclosure process and still walk away with remaining equity.
Every situation and timeline is different. Foreclosure can involve legal and financial issues outside a Realtor's scope, so appropriate legal, tax, lender or HUD-approved housing-counseling advice may also be important.
Time matters.
The earlier we understand where you are in the process, the more clearly we can evaluate whether selling is a realistic option.