Author: Parker McInnis

Finding yourself owing more on your home than it’s worth—known as being “underwater”—can feel like being backed into a corner. You’re not alone: according to Zillow, nearly 15% of Michigan homeowners were underwater in recent years. But even if you’re in a financial squeeze or facing foreclosure, there are solutions—especially when you need to sell … Continued

Michigan foreclosure activity ticked up again in Q1 2025, with nearly 94,000 U.S. filings and 1,035 new starts in Michigan during a single month of 2024 alone.US Foreclosure DataUS Foreclosure Activity If you own a home in Michigan and have fallen behind on payments, the clock is already running on both your house and your … 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

Feeling “Upside-Down” on Your Mortgage? Michigan’s housing market is still inching upward—home values average $260,040, up 2.8 % year-over-year—but about 2.9 % of Michigan borrowers are seriously underwater, meaning they owe at least 25 % more than their home is worth. That’s roughly one in every 34 mortgages. zillow.comattomdata.com If you’re one of them—and especially … Continued

Trying to decide whether to list your house the conventional way, negotiate a short sale, or wait out foreclosure? You’re not alone. Each route carries very different timelines, costs, credit impacts, and stress levels—especially here in Michigan, MI, where home prices have risen 4.7 percent year-over-year and the typical house still goes under contract in … 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

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