Michigan Compiled Laws § 600.3115 Foreclosure Proceeding; Sale, Time.


600.3115 Foreclosure proceeding; sale, time.

Sec. 3115.

Whenever a complaint is filed for the foreclosure or satisfaction of any mortgage on real estate or land contract, the court has power to order a sale of the premises which are the subject of the mortgage on real estate or land contract, or of that part of the premises which is sufficient to discharge the amount due on the mortgage on real estate or land contract plus costs. But the circuit judge shall not order that the lands subject to the mortgage be sold within 6 months after the filing of the complaint for foreclosure of the mortgage or that the lands which are the subject of the land contract be sold within 3 months after the filing of the complaint for foreclosure of the land contract.


History: 1961, Act 236, Eff. Jan. 1, 1963


Section: Previous  600.3101  600.3105  600.3110  600.3115  600.3120  600.3125  600.3130  600.3135  600.3140  600.3145  600.3150  600.3155  600.3160  600.3165  600.3170  Next

Last modified: October 10, 2016