Michigan Compiled Laws § 125.1448e Bringing Amount Due Into Court After Judgment Of Sale; Stay Of Proceedings; Subsequent Default.


125.1448e Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default.

Sec. 48e.

If, after a judgment of sale is entered against him or her, 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: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981


Section: Previous  125.1446  125.1447  125.1448  125.1448a  125.1448b  125.1448c  125.1448d  125.1448e  125.1448f  125.1448g  125.1448h  125.1448i  125.1448j  125.1448k  125.1448l  Next

Last modified: October 10, 2016