6 Ways to Stop Foreclosure in Metro Detroit and Take Back Control of Your Future
For homeowners facing foreclosure in Metro Detroit, the road ahead can feel uncertain and overwhelming. Falling behind on mortgage payments is stressful enough—but when the threat of losing your home becomes real, it can feel like there are no good options left.
But you do have options.
At 3D Property Solutions, we work with homeowners in difficult situations every day. Whether you’re behind on payments, facing foreclosure, or simply feeling stuck, there are solutions that can help you avoid the long-term damage foreclosure can bring to your credit and your life. Below are six proven ways to stop foreclosure and take the next best step forward.
1. Sell Immediately—Before the Bank Takes Over
One of the fastest and most effective ways to stop foreclosure is to sell the property quickly—before the bank seizes it through a foreclosure auction. A direct sale to a professional homebuyer like 3D Property Solutions can help you avoid credit destruction and walk away on your terms.
We specialize in buying houses as-is, no matter the condition or situation. That means:
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No repairs
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No agent fees
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No waiting months on the market
While you may not receive full retail value, you’ll gain peace of mind, financial relief, and the ability to move forward without the burden of foreclosure on your credit report for the next 7 years. And in many cases, you can stay in the property while we work on a flexible closing timeline with you.
2. Borrow Money—With Caution
If you have family or close friends willing to help, borrowing money may buy you time. However, this option comes with serious considerations.
It’s important to ask yourself: Is this a short-term fix or a long-term solution? If your income hasn’t changed or your financial hardship is ongoing, borrowing money only delays the inevitable—and risks damaging your personal relationships in the process.
Before going down this road, have a realistic plan to repay what you borrow. Don’t stack new debt on top of old without a clear path forward.
3. Ask for Loan Forbearance or Relief
Sometimes, a simple phone call to your lender can lead to temporary relief. Lenders don’t want to foreclose—they lose money when they do. If your financial hardship is due to a one-time event like a job loss, illness, or emergency, your lender may offer:
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A short-term forbearance (pause in payments)
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A repayment plan
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A loan modification
This can provide breathing room, but remember: the missed payments don’t disappear. You’ll still need to catch up eventually. Forbearance is a temporary solution, not permanent forgiveness.
If you choose this route, document everything and stay proactive in your communication with the lender.
4. Refinance the Mortgage
If you still have decent credit and some equity in your home, refinancing can help reduce your monthly payment and avoid foreclosure.
There are two options:
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Traditional refinance through a bank or credit union (best rates but strict requirements)
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Hard money refinance through a private lender (faster approval but higher interest rates)
While refinancing may solve the short-term payment issue, be careful not to trade one financial problem for another. Make sure you can comfortably manage the new loan long-term—and watch out for fees or hidden costs.
5. Rent the Property to Generate Income
If you can no longer afford to live in the property, consider turning it into a rental to help cover the mortgage.
You could:
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Rent the entire home and move to a more affordable place
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Rent out individual rooms while staying in the house
This can work if you find reliable tenants quickly. However, it also comes with landlord responsibilities, tenant risks, and the possibility of still falling short if the rent doesn’t fully cover your mortgage.
Make sure to:
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Screen tenants thoroughly
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Put a clear lease in place
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Budget for repairs and vacancy periods
If done right, this could be a smart temporary fix while you get back on your feet.
6. Declare Bankruptcy
While it may feel like a last resort, bankruptcy can immediately halt foreclosure proceedings and offer a fresh start.
A Chapter 13 bankruptcy allows you to restructure your debt and create a manageable repayment plan, often including your mortgage arrears. This option can help you stay in your home and avoid foreclosure altogether—as long as you keep up with the new payment schedule.
Keep in mind:
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Bankruptcy stays on your credit for up to 10 years
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It may affect your ability to borrow money in the future
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Legal and court fees can add up
Still, for some homeowners, it’s a viable solution to stop foreclosure and avoid eviction.