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2020 Michigan Compiled Laws
Chapter 600 - Revised Judicature Act of 1961
Act 236 of 1961 Revised Judicature Act of 1961 (600.101 - 600.9948)
236-1961-31 Chapter 31 Foreclosure of Mortgages and Land Contracts (600.3101...600.3185)
Section 600.3120 Foreclosure Proceeding; Judgment of Sale; Payment of Principal, Interest, and Costs.
Universal Citation: MI Comp L § 600.3120 (2020)
600.3120 Foreclosure proceeding; judgment of sale; payment of principal, interest, and costs.
Sec. 3120.
If, after a judgment of sale is entered against him, the defendant brings into court the principal and interest due with costs, the proceedings in the action shall be stayed; but the court shall enter a judgment of foreclosure and sale to be enforced by a further order of the court upon a subsequent default in the payment of any portion or installment of the principal, or of any interest thereafter to become due.
History: 1961, Act 236, Eff. Jan. 1, 1963
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