09/10/2026
I spent about an hour on the phone with Carrington this week trying to work through the short-sale process for a client.
Not particularly exciting. But it was a good reminder that short sales and foreclosures haven't completely disappeared.
For quite a while, rising home values and declining interest rates gave many homeowners an escape hatch. Even if someone got into financial trouble, there was often enough equity to sell normally, pay off the mortgage, and move on.
That isn't true in every situation.
Once someone starts falling behind, the math can get complicated quickly. You have the mortgage payoff, missed payments, taxes, selling expenses, property condition, and a foreclosure timeline that keeps moving while you're trying to figure everything out.
A short sale can sometimes solve the problem, but you're asking the mortgage company to accept less than what it is owed. That means paperwork, approvals, waiting, and ultimately a decision the homeowner doesn't completely control.
That's also why I think it's worth looking at the house before a short sale or foreclosure becomes the only option.
If there is enough equity, a traditional sale may still be the best answer.
But there are also situations where a direct sale makes sense.
Depending on the mortgage, equity, property value, and condition, we may be able to make a cash offer — or structure a purchase around the existing financing. That can sometimes allow a homeowner to get out from under the property, preserve the equity they still have, and avoid going through a short sale or foreclosure.
Sometimes the numbers work. Sometimes they don't.
But if you're behind on payments or worried that you're heading that direction, it's worth finding out while you still have options.
That's one of the situations we look at through We Buy Lansing.
See how a direct offer could work before foreclosure becomes the decision:
https://webuylansing.com/situations/mortgage-foreclosure-lansing/