If you're behind on your mortgage, time is critical. Learn what's possible before the auction.
Foreclosure in Michigan typically follows a 6-month timeline from the first missed payment to the sheriff's sale auction. But every day counts — the longer you wait, the fewer options you have.
The good news: you still have time to act. Many homeowners don't realize that selling your home before the auction can eliminate the foreclosure from your credit report entirely, or significantly reduce its impact.
We're not lawyers. We don't give legal advice. But we do buy houses quickly, which can give you a clean exit from your mortgage situation.
This is often the best option. By selling your home before the auction, you can:
If you can't sell for what you owe, your lender may approve a short sale — selling for less than the mortgage balance. This takes time (often 3-6 months) and requires lender cooperation, which isn't guaranteed.
You voluntarily transfer the deed to the lender. It's less damaging to your credit than foreclosure but still stays on your credit report for several years.
Bankruptcy can temporarily stop foreclosure through an automatic stay, giving you time to catch up or reorganize debts. This is a legal process — consult an attorney. We are not a law firm and do not provide legal advice.
Every situation is different. Tell us about yours and we'll tell you what's possible.
Acquire, Inc. is a real estate investment company. Not a law firm. We do not provide legal advice.