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
Structure 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 600.3110 - Foreclosure of Interest or Installment; Payment Before Judgment.
Section 600.3115 - Foreclosure Proceeding; Sale, Time.
Section 600.3130 - Sale of Land on Foreclosure; Deed.
Section 600.3135 - Proceeds of Sale; Application; Disposition and Investment of Surplus.
Section 600.3145 - Redemption From Sale; Additional Sums for Taxes and Insurance Premiums.
Section 600.3155 - Upset Price at Sale.
Section 600.3160 - Persons Other Than Mortgagor or Vendee Securing Debt.