How The Mortgage Foreclosure Process Works

If you are having difficulty paying your mortgage, you may be concerned about the prospect of foreclosure. What really happens once the lender claims you are in default for your mortgage? The process goes like this:


Has A Default Occurred With Your Mortgage?

When you miss a mortgage payment, even by being a single day late, the terms of your mortgage document likely deem you in default. Most lenders permit a late payment that will resolve the default, but technically you could be found in default. This is bad. Default often triggers bad things for a homeowner/borrower. Many loans permit immediate acceleration of the full amount due after a default.

It is at this point that The Law Offices of Joseph C. Bird, PLLC, can be especially helpful. Assuming you still possess the financial ability to pay for your home, our lawyer can help by working with your lender to head off the machinery of foreclosure from being set in motion.

We can find out your options with your lender and work to renegotiate the terms of your loan with a mortgage modification. Timing is critical, and the sooner we are contacted, the better our chances of helping prevent foreclosure. If this does not work, the next stage of the mortgage foreclosure process begins.

Notice Of Foreclosure

If your efforts to make up the default or renegotiate your mortgage fail, the lender will begin the foreclosure process. The next step will include a date of the sheriff’s sale, which is published in local newspapers. For most borrowers, this begins a six-month redemption period. The redemption period is when you may redeem your mortgage by paying the full amount of the sheriff’s foreclosure sale bid price.

During this time, the lender is permitted to inspect the property, and you must maintain the property, insurance and insurance on the property. You do not have to make mortgage payments.


Once the redemption period has expired, the lender may move to evict you from the premises. A court hearing will be scheduled and at that hearing, a date will be set when the sheriff will physically remove you and your belonging from the property. Speak with our attorney before this occurs.

Contact Us Today

For experienced assistance with foreclosure related matters in Michigan, call our Birmingham office at 248-658-8590 or use our contact form, and find out how we can help you.

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