We believe in making informed decisions
A practical way to review your finances, your property, and your options before deciding whether to save your home, sell it, or move in another direction.
The best decisions are based in reality. Reality is your financial health, your family goals, the condition of the property, and your marketing options. Emotion must not be part of this decision.
Both quick and detailed written plans (and we like detailed) help you see your situation clearly and decide which option makes the most sense for your specific circumstances.
Financial Health Assessment
Understanding your REAL monthly budget is the first step toward making an informed decision.
Creating a realistic plan can be painful. You will have to:
- List your monthly income and your monthly and annual expenses (divide annual costs by 12)
- Include expenses that only show up once or twice a year
- Use a written worksheet to uncover hidden costs and recurring obligations
- Face the total honestly; an optimistic budget helps no one
Our calculator is completely anonymous. It runs in your browser, and no records are kept anywhere. This realistic spending assessment can help you decide whether saving the home is possible, or whether another plan makes more sense.
Property Evaluation
A realistic assessment of the property's current condition and what it would take to reach maximum resale value.
This must be done in person to:
- Evaluate the condition of the property
- Evaluate current upgrades or deferred maintenance
- Assess location and marketability
- Establish timing: how long before a Sheriff's Sale?
- Establish the time remaining in your Michigan redemption period
Review Your Options
Once you have a clearer view of your finances and your property, you can begin reviewing what is actually available to you.
Based on timing and finances, you may qualify for or choose:
- Forbearance
- Loan modification
- Deed in lieu of foreclosure
- Cash for keys
- Wholesale (cash) sale
- Traditional retail sale with a Realtor
- Short sale
- Riding out the redemption period
- Bankruptcy, as a legal option to discuss with an attorney
Written plans beat good intentions
A plan on paper turns a stressful situation into a sequence of decisions with dates attached. That is the difference between reacting to the foreclosure calendar and getting ahead of it.
Nothing is guessed
Every number in your plan comes from your own documents: statements, notices, bills, and payoff figures.
Nothing is hidden
Costs, commissions, timelines, and seller responsibilities are laid out for each path before you choose one.
Nothing is rushed
You decide. Our job is to make sure the decision is made with the full picture in front of you.
Ready to take the next step?
If you want help comparing a cash offer to your other options, schedule a time to talk. No pressure, no obligation.