How does foreclosure work in Michigan?
Michigan uses a nonjudicial foreclosure process. Through the last day of the redemption period — the homeowner still owns the house after the auction and can sell it, pay the redemption amount from closing proceeds, and keep the remaining equity. This is the headline Michigan fact.
Can you catch up and keep your home?
No statutory right to reinstate by paying arrears once foreclosure by advertisement starts — reinstatement before the sale is contractual (most standard mortgages and federal servicing rules allow it). Full payoff always stops the sale. After the sale, the remedy is the statutory redemption period.
Until when can you sell and keep your equity?
Through the last day of the redemption period — the homeowner still owns the house after the auction and can sell it, pay the redemption amount from closing proceeds, and keep the remaining equity. This is the headline Michigan fact. See your exact dates with the free Michigan Foreclosure Deadline Calculator.
The honest math on a Michigan foreclosure
Every day you carry the loan, arrears, fees, and interest grow. A traditional listing takes weeks to market and 30–45 more days for a financed buyer to close — time you may not have before the sale date.
A cash sale that closes before the sale date lets you walk away with your equity instead of losing it at auction. Talk to a free HUD counselor too — you may have options beyond selling.