Sell a House in Foreclosure
If your home is headed to foreclosure, know that there’s still time to save it, and your credit. Your house is still yours until it goes to auction, and goes through the redemption period. So you should have at least a little bit of time to get your finances in order before you go into foreclosure completely. If you’re in default, you’re in what the industry calls “pre-foreclosure.” Typically you will have 4-5 weeks in pre-foreclosure, this is when you want to get busy as you will have more options. After that it goes to the sale where the bank will bid or an investor may purchase your mortgage. After this happens you typically have a 6-12 month redemption period where you have to pay the debt back in full, usually by selling your home. So, what can you do?
Sell Your Home for Cash
The simplest option for many homeowners facing foreclosure is to negotiate a sale that your lender will accept. Unfortunately, if you’re in pre-foreclosure, you don’t have much time to find a buyer, and it can be difficult to arrange a traditional sale that will close in time. When you work with Renewed Homes, we can make you a cash offer to cover your missed payments and purchase your home. Since our offer is made in cash, you don’t have to worry about a long closing process. Instead, you get an offer that satisfies your lender and helps you move on from that home quickly, before your foreclosure is final.
Work With Renewed Homes to Find a Creative Solution
If you don’t have much equity in your home, it can be difficult to arrange a cash sale that will cover what you owe your lender, but you still have options — you don’t have to settle for foreclosure. Renewed Homes specializes in creative solutions and has arranged many sales that help clients avoid foreclosure, rebuild their credit, and even receive cash on top of that. If you’re hoping to avoid foreclosure but don’t have the money to pay back your lender, we have the experience and ability to help.
Phase 1 – Pre-Foreclosure
This stage begins when you’ve fallen behind on mortgage payments, but the home hasn’t yet been sold. It’s the best time to explore options like loan modification, reinstatement, or selling before foreclosure damages your credit. Renewed Homes offers honest guidance and personalized solutions to help you take control and protect your future.
Phase 2 – Foreclosure Process
When foreclosure proceedings are active, time becomes critical—but options still exist. Our team can help you sell quickly for cash, avoid a foreclosure record, and reduce the stress of navigating this complex process. We walk with you every step of the way, ensuring you understand your choices.
Phase 3 – Post-Foreclosure
Redemption Period
Even after a foreclosure sale, there’s still hope. Michigan law gives homeowners a redemption period—typically six to twelve months—to sell the property or recover funds. Renewed Homes helps you make the most of this time, from collecting potential overbid funds to selling your home and starting fresh.
Interested in Selling Your House?
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(255) 352-6258