Michigan's foreclosure timeline has specific deadlines. If you're in the redemption period, you can still sell and keep your equity. A cash sale closes in 7–14 days — before most redemption windows expire. Don't let the county take what's yours.
In Michigan, the foreclosure redemption period is typically 6 months after the sheriff's sale (1 year for farm properties over 3 acres). During this window, you can sell the property and use the proceeds to pay off the mortgage and any other liens — keeping whatever equity remains. A cash buyer can close in 7–14 days, which is almost always within the redemption period. The critical step is acting before the redemption period expires.
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Michigan foreclosures proceed by sheriff's sale after a court judgment. After the sheriff's sale, you enter the redemption period — typically 6 months — during which you retain the right to redeem the property by paying the full debt, or sell it. If you sell during the redemption period, the mortgage and any liens are paid at closing from the sale proceeds. You receive any remaining equity. If the redemption period expires without action, the foreclosing party takes ownership and you receive nothing. Speed is everything.
Traditional agent listings require repairs, showings, financing contingencies, and 30–45 day close windows — even after an offer is accepted. If your redemption period has 3 weeks remaining, an agent sale cannot close in time. A cash buyer can. We don't need appraisals, we don't need underwriting approval, and we've helped Michigan sellers close in as few as 7 business days when the situation demanded it.
At closing, the title company pays your lender the amount owed to satisfy the mortgage, pays any outstanding property taxes and other liens, and distributes the remaining proceeds to you. You receive the equity above what is owed. There is no penalty or credit mark for completing a sale during a redemption period — the mortgage is simply paid off early through the sale.
Many Michigan homeowners in foreclosure believe they have more time than they do, or assume the bank will negotiate an extension. Redemption periods are fixed by statute — they don't extend automatically. If you're unsure where you are in the foreclosure process, call us immediately. We'll help you identify your deadline and tell you honestly whether a cash sale can close in time.
Fill out our form or call now. Written offer in 24 hours. You choose the closing date. No agent commissions, no repair requirements, no financing contingencies.
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