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705 new this week Next auction Fri, Oct 30

Foreclosure Homes in Michigan

There are currently 24,246 foreclosure homes listed in Michigan. Buying a distressed property in Michigan can save you as much as 50 percent compared to a traditional sale. Along with bank-owned foreclosures, you can browse rent-to-own homes, short sales, preforeclosures, bankruptcies and government-owned listings such as HUD, Fannie Mae and Freddie Mac. Pick a city or county below to see every distressed listing in Michigan.

705 new Added this week in Michigan

See all 705 new listings
  1. Property in Jackson, MI 49202 NEW Foreclosure Est. $121K Jackson, MI 49202 Single-Family
  2. Property in Waterford, MI 48329 NEW Foreclosure Est. $250K Waterford, MI 48329 2 bd, 2.0 ba
  3. Property in Utica, MI 48316 NEW Foreclosure Est. $241K Utica, MI 48316 3 bd, 1.0 ba
  4. Property in Kalamazoo, MI 49001 NEW Preforeclosure Est. $177K Kalamazoo, MI 49001 3 bd, 1 ba
  5. Property in Detroit, MI 48205 NEW Preforeclosure Est. $75K Detroit, MI 48205 3 bd, 2 ba
  6. Property in Detroit, MI 48202 NEW Preforeclosure Est. $100K Detroit, MI 48202 3 bd, 1 ba
  7. Property in Livonia, MI 48152 NEW Preforeclosure Est. $277K Livonia, MI 48152 3 bd, 2 ba
  8. Property in Farmington, MI 48334 NEW Preforeclosure Est. $387K Farmington, MI 48334 3 bd, 3 ba
  9. Property in Plymouth, MI 48170 NEW Preforeclosure Est. $286K Plymouth, MI 48170 3 bd, 2 ba
  10. Property in Detroit, MI 48221 NEW Deal $49,000 Detroit, MI 48221 3 bd, 1 ba

Upcoming Michigan auctions

See all 206 homes at auction this week
  1. Macomb County 15 homes, today
  2. Muskegon County 9 homes, today
  3. Missaukee County 2 homes, today
  4. Saginaw County 2 homes, today

Michigan Foreclosure Laws

In Michigan, most foreclosures are completed outside of court through a nonjudicial process called foreclosure by advertisement. Loans are usually secured by mortgages. The process often moves relatively quickly once notices are posted and published. Borrowers usually have a limited redemption period after the sale, and deficiency balances may still be owed in some cases.

Foreclosure type
Non-Judicial (Judicial allowed)
Typical timeline
3-6 months typical
Deficiency judgment
Deficiency judgments permitted
Redemption period
Post-sale redemption usually 6 months.
Process and statute references
  • Mortgage Instrument Security Type
    Mortgage. Deeds of trust are not standard.
  • Process Summary
    Michigan typically uses nonjudicial foreclosure by advertisement. After sale, borrowers usually have a statutory redemption period.
  • Notice / Timing Statute
    Michigan Compiled Laws § 600.3201 et seq. (statutory foreclosure by advertisement)
  • Redemption Statute(s)
    Michigan Compiled Laws § 600.3240 (redemption periods vary by property type)
  • Deficiency Statute(s)
    Michigan Compiled Laws § 600.3280 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in Michigan

To buy a foreclosure in Michigan, review county treasurer tax sale lists, MLS notices, and court foreclosure auctions. Michigan uses judicial foreclosure; be aware of redemption rights. Arrange financing early. Perform a title search and property assessment. Participate in the foreclosure auction or negotiate with the lender for REO sales.

What type of foreclosure is used in Michigan?
The type of foreclosure in Michigan is Non-Judicial (Judicial allowed)
Is there a redemption period in Michigan?
Post-sale redemption usually 6 months.
Are deficiency judgments allowed in Michigan?
Deficiency judgments permitted in Michigan
How do you buy a foreclosure in Michigan?
To buy a foreclosure in Michigan, review county treasurer tax sale lists, MLS notices, and court foreclosure auctions.

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