Michigan Compiled Laws § 600.3120 Foreclosure Proceeding; Judgment Of Sale; Payment Of Principal, Interest, And Costs.

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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Last modified: October 10, 2016