One of the most common questions we hear from distressed homeowners is whether they can still sell their house once the foreclosure process has started. The answer in Michigan is yes — in most cases, you can sell your home right up until the sheriff’s sale is finalized. Understanding your rights and acting quickly can help you avoid the worst consequences of foreclosure.
Understanding the Michigan Foreclosure Timeline
In Michigan, the non-judicial foreclosure process typically takes about six months from the first missed payment to the sheriff’s sale. After the sale, there is a redemption period of six months for most properties, during which you can technically reclaim your home by paying the full amount owed. This timeline gives you a window of opportunity to sell your home and settle your debts on your own terms.
Why a Traditional Sale May Not Work
If your foreclosure timeline is tight, listing your home on the market with a real estate agent may not be practical. Between the time it takes to prepare the home, show it to potential buyers, negotiate offers, and wait for financing approval, a traditional sale can take three to six months or longer. When you are racing against a foreclosure deadline, you need a faster solution.
The Cash Sale Advantage
Offer Now Michigan can make you a cash offer within 24 hours and close in as few as seven days. Because we pay cash, there is no waiting for bank approvals or mortgage underwriting. We buy your home in its current condition — no repairs, no cleaning, no staging required. This speed is critical when you are up against a foreclosure deadline.
What Happens to My Remaining Mortgage?
When you sell your home to us, the proceeds go directly toward paying off your existing mortgage. If your home has equity above what you owe, that money goes to you at closing. If you owe more than the home is worth, we can work with your lender to negotiate a short sale, which is far less damaging to your credit than a completed foreclosure.
Do Not Wait Until It Is Too Late
The sooner you act, the more options you have. Even if you have already received a notice of default or your home is scheduled for a sheriff’s sale, there may still be time. Call Offer Now Michigan at 810-425-5961 today for a free consultation and a no-obligation cash offer on your home.