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If you’re facing foreclosure in Michigan, you may feel nervous about where your life is headed. People often wonder how they reached this point, especially because most never plan on losing a home. Unfortunately, unforeseen changes—like a job loss, sudden illness, or other financial challenges—can place homeowners on a difficult path toward foreclosure. Although the … Continued

If the threat of losing your Michigan home keeps you up at night, you’re not alone. Roughly 2,629 Michigan properties were repossessed in 2024, placing the Great Lakes State among the five highest-REO states nationwide.attomdata.com Yet thousands of owners kept their homes—or walked away with cash—by acting early. This guide unpacks everything you need to … Continued

Foreclosure and preforeclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. What is Foreclosure? Foreclosure is a legal process that occurs when a homeowner is unable to make their mortgage payments. When … Continued

Rising foreclosure rates are making headlines again—and for good reason. National filings climbed nearly 14 percent year-over-year in April 2025 attomdata.com, signaling fresh pressure on homeowners and new opportunities (and risks) for investors. But what do these numbers mean on the ground in Michigan, Michigan? In about five minutes you’ll learn: Keep reading for the … Continued

Facing foreclosure can be one of the most stressful situations a homeowner encounters. If you’re a Michigan resident worried about losing your home, understanding the foreclosure process can help reduce anxiety and allow you to make informed decisions. This guide walks you through each step of Michigan’s foreclosure timeline and explores all available options, including … Continued

Facing foreclosure can be an extremely stressful experience for any Michigan homeowner. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are options available for homeowners facing foreclosure, including working with direct property buyers in Michigan. In … Continued

Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. … Continued

Home sales usually fall into one of three main categories: traditional sales, short sales, and foreclosures. For buyers, each has pros and cons, though generally speaking the cheaper properties are short sales and foreclosures. But if you’re a buyer, you need to keep in mind that these properties are usually cheaper for a good reason. … Continued

Why Selling During Bankruptcy Is on the Rise As financial issues due to circumstances beyond homeowners control – change their ability to pay creditors, they find they have no option but to claim bankruptcy, which can stop a foreclosure on their primary residence. Bankruptcy filings jumped 13 percent in the 12 months ending March 2025—the sharpest … Continued

Whether you overpaid for the property in a bidding war, you’ve fallen behind on mortgage payments, or property values have dipped, being upside-down on your mortgage or owing more than the current market value is a less-than-ideal situation for homeowners. If circumstances force you to sell your house due to foreclosure instead of waiting out … Continued