The timeline for foreclosures in Michigan can vary a bit, but by-and-large follows the sequence shown above. The time to try to get your bank to agree to a workout or to suggest a short sale to them is right up front, right after missing that first payment. Don’t wait until you start getting notices of delinquency from them or until they advertise the Sheriff’s Sale. It would likely be too late by then to get them to agree to anything.