Sell My House to Avoid Bankruptcy or Foreclosure in Metro Detroit, Michigan

Are you facing bankruptcy or the threat of foreclosure on your Detroit, Michigan home? Don’t let these financial challenges consume you—reach out to M1 Home Buyers! We provide fast, reliable solutions when you need to sell your house to avoid bankruptcy or foreclosure.

Our team of experienced professionals is dedicated to helping you navigate the complexities of short sales, bankruptcy, and foreclosure, offering a seamless transaction that puts cash in your hands and your mind at ease.

At M1 Home Buyers, we understand the urgency and sensitivity of your situation. Our simplified process ensures a fair cash offer on your home within 24 hours, followed by a hassle-free closing in as little as one week.

Call 248-397-5800 to get a fast cash offer from our local home buyers.

We Work With You Regardless of Your Situation

You may believe that your current situation prevents you from selling your house. That may be so in a traditional home sale. However a cash offer from M1 Home Buyers gives you the freedom to sell your house on your terms. We work with home sellers in all types of situations, including


Navigating the foreclosure process in Michigan can be overwhelming. Typically, it starts when you miss mortgage payments and your lender files a Notice of Default (NOD). You’ll have a 90-day period to rectify the situation. If you’re unable to do so, your lender will publish a Notice of Sale, and your property will be auctioned off within 30 days. 

Selling your home for cash can be a lifeline when facing foreclosure. A cash home sale often involves a quicker closing process, allowing you to settle your mortgage debt before the foreclosure is finalized. Cash buyers are usually investors who purchase homes as-is, so you won’t need to spend time or money on repairs. 

By selling your home for cash, you can avoid the long-lasting negative impact of a foreclosure on your credit score and move forward with your financial life.


In Michigan, the bankruptcy process can be complex

  • You’ll begin with credit counseling, followed by filing a petition with the court.
  • You’ll choose between Chapter 7 or Chapter 13 bankruptcy, depending on your financial situation.
  • After filing, an automatic stay prevents creditors from pursuing collection efforts.
  • For Chapter 7, non-exempt assets may be liquidated to repay creditors, while Chapter 13 involves a repayment plan over three to five years.
  • Upon completion, eligible debts are discharged, providing you with a fresh financial start.

A cash home sale from our local home buyers can be a powerful tool to help you avoid bankruptcy. By selling your home quickly for cash to M1 Home Buyers, you can generate funds to pay off debts and possibly negotiate with creditors to settle outstanding balances. 

Cash sales often close faster than traditional sales, allowing you to address financial issues more rapidly. Additionally, selling your home as-is eliminates the need for costly repairs, further preserving your financial resources and providing a better chance to resolve your financial troubles without filing for bankruptcy.

Short Sale

A short sale in Michigan occurs when you sell your home for less than the outstanding mortgage balance, with your lender’s approval. This option helps you avoid foreclosure when you’re struggling financially. Though it can be a lengthy process, a short sale is typically less damaging to your credit score than a foreclosure.

However, a cash home sale is a better option than a short sale because it’s faster and less stressful. We close quickly and buy your house as-is, saving you time and money on repairs. Unlike a short sale, which requires lender approval, a cash sale allows you to retain more control over the transaction and resolve your financial issues more efficiently.

A Cash Home Sale from M1 Home Buyers Can Help You Avoid Bankruptcy or Foreclosure

We buy your house as-is without relying on traditional financing like mortgages. Instead, we have the necessary funds readily available to complete the purchase, eliminating the need for bank approvals or appraisals.

Our cash home sale process is designed to be hassle-free and straightforward. We evaluate your property and provide a fair, no-obligation cash offer. If you accept our offer, we proceed with the closing process, typically within one week. 

This rapid timeline is one of the key differences between a cash home sale and a traditional home sale. Traditional home sales often involve lengthy negotiations, mortgage approvals, and contingencies, which can cause delays and complications. With a cash home sale from our buyers, you can avoid these issues, sell your property faster, and move forward with your financial goals.

Sell Your House the Simple Way with Our Cash Home Sale Solution

If you are trying to stop a foreclosure or avoid bankruptcy, a lengthy and expensive traditional home sale will not work for you. M1 Home Buyers offers a simple solution that allows you to sell your house fast in Detroit, Michigan without incurring selling expenses. Our house-buying process includes the following steps.

Step 1: Contact Us

When you are ready to sell your house, the first step is to call us and schedule a walkthrough of the house. It’s fast and easy, and there is no obligation to sell your house. Feel free to ask questions. We are here to help!

Step 2: Get a Fast Cash Offer

We will assess your property and decide if we want to make an offer. If we like what we see, we will make a fair cash offer at just under the market value of your home. In most cases, we can make an offer within 24 to 48 hours.

Step 3: Get Paid

If you accept our offer, the next step is to schedule a convenient closing date. Simply show up, sign the paperwork, and walk away with no strings attached. We pay most or all of the closing costs, which save you money.

  • Initial Consultation – We gather information about your property and your situation.
  • Property Evaluation – Our team assesses your home’s condition and value.
  • Cash Offer – We present you with a fair, no-obligation cash offer within 24 hours.
  • Acceptance – If you agree to our offer, we move forward with the sale process.
  • Closing – We work with a reputable title company to finalize the transaction, typically within one week.
  • Funds Disbursement – You receive the agreed-upon cash amount, and the sale is complete.

What are the Benefits of a Cash Home Sale?

Make No Home Repairs. We Buy Houses As-Is

Preparing a home for sale can be time-consuming and expensive. That’s why we buy your house as-is in its current condition, meaning you don’t have to worry about making costly repairs or improvements before selling.

You Don’t Have To Hire a Realtor or Pay Realtor Commissions

By working with M1 Home Buyers, you can avoid the need to hire a realtor and the associated commissions. Our team of professionals will handle the entire process, ensuring a smooth transaction without the added expense of realtor fees.

Sell Your House in As Little as Seven Days

Our streamlined process allows you to sell your house quickly, often in as little as seven days. This rapid timeline helps you resolve your financial issues efficiently and move forward with your life sooner than with a traditional home sale.

Work With a Pre-Qualified, Committed Home Buyer

We’re committed to providing a seamless and stress-free experience. As pre-qualified cash buyers, we have the funds readily available to close on your property without delays, ensuring a successful transaction.

Pay No Closing Costs

When you choose M1 Home Buyers, we cover all closing costs, allowing you to keep more of the proceeds from the sale. This benefit can save you thousands of dollars compared to a traditional home sale.

Don’t Wait for a Loan Approval

Unlike traditional home sales, our cash home buying process doesn’t require waiting for loan approvals. With M1 Home Buyers, you can bypass the uncertainty and potential delays of mortgage financing, making the entire process faster and more efficient.

Is It Legal To Sell My House During Bankruptcy or Foreclosure?

Yes, it is legal to sell your house during bankruptcy or foreclosure in Michigan, but there are specific procedures and regulations you must follow.


If you’re in the midst of bankruptcy proceedings, you’ll need to obtain permission from the bankruptcy court before selling your property. This is because your assets, including your home, are part of the bankruptcy estate managed by the court-appointed trustee. In the case of a Chapter 7 bankruptcy, the trustee may choose to sell the property to satisfy your debts, while in a Chapter 13 bankruptcy, you may be able to sell your home as part of your repayment plan.


If you’re facing foreclosure, selling your house before the process is complete can help you avoid the negative impact of a foreclosure on your credit score. You’ll need to work closely with your lender to determine the best course of action. In some cases, they may agree to a short sale, allowing you to sell the property for less than the outstanding mortgage balance. 

It’s essential to communicate with your lender and, if possible, consult with an attorney or financial advisor to ensure you fully understand your rights and options during this challenging time.

We Buy Houses in Detroit, Michigan

If you need to sell your house fast but don’t want the hassle of a traditional home sale, contact M1 Home Buyers. We buy houses as-is. No repairs are needed. Avoid closing costs and realtor commissions. Close in as little as seven days. Call 248-397-5800 to get a fast cash offer from our local home buyers.

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10 Frequently Asked Questions About Cash Home Sales in Michigan

What does it mean to sell my house as-is for cash to M1 Home Buyers?

Selling your house as-is for cash means that you sell your property to our home buyers in its current condition without making any repairs or upgrades. You’ll receive a cash offer, typically within 24 hours, and can close the sale quickly.

How do you determine the value of my home?

Our team of experts will evaluate your property’s condition and the local real estate market to determine a fair, no-obligation cash offer.

How long does it take to sell my house for cash?

We can typically close a cash sale within seven days, offering a fast and efficient way to sell your property.

Can I sell my house for cash if I’m facing foreclosure?

Yes, selling your house for cash can be an effective way to avoid foreclosure and settle your debts.

How do I ensure that I sell my house legally?

We recommend speaking with a financial advisor or attorney to ensure that you follow the guidelines set by the courts or your lender. Our expert local buyers can also guide you through the process.

Do I need to make any repairs or clean up before selling my home for cash?

No, we purchase homes as-is, meaning you don’t need to make any repairs or perform any cleanup before selling.

Will I have to pay any closing costs or realtor fees?

No, we cover all closing costs, and there are no realtor fees involved in a cash sale.

What if I have liens or judgments on my property?

We can work with you to settle any outstanding liens or judgments before completing the sale.

Will I receive a fair offer for my home?

At M1 Home Buyers, we submit fair, no-obligation cash offers based on your property’s condition and market value.

How do I get started with a cash home sale?

Contact M1 Home Buyers today to schedule an initial consultation and learn more about our streamlined process for selling your house as-is for cash.