Michigan Compiled Laws
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.

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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Structure Michigan Compiled Laws

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 600.3101 - Jurisdiction of Circuit Court to Foreclose Mortgages of Real Estate and Land Contracts; Exception.

Section 600.3105 - Mortgage; Land Contract; Foreclosure Proceeding; Unsatisfied Execution on Judgment at Law; Separate Proceeding; Consolidation.

Section 600.3110 - Foreclosure of Interest or Installment; Payment Before Judgment.

Section 600.3115 - Foreclosure Proceeding; Sale, Time.

Section 600.3120 - Foreclosure Proceeding; Judgment of Sale; Payment of Principal, Interest, and Costs.

Section 600.3125 - Sale of Land on Foreclosure; Authorized Persons; Public Sale; Time; Place; MCL 600.6091 Applicable.

Section 600.3130 - Sale of Land on Foreclosure; Deed.

Section 600.3135 - Proceeds of Sale; Application; Disposition and Investment of Surplus.

Section 600.3140 - Mortgage Foreclosure Sale; Redemption; Amount Stated in Recorded Affidavit; Fee; Portions of Premises.

Section 600.3145 - Redemption From Sale; Additional Sums for Taxes and Insurance Premiums.

Section 600.3150 - Original Judgment in Foreclosure Cases; Determination of Personal Liability; Execution for Amount of Deficiency; Delivery of Possession.

Section 600.3155 - Upset Price at Sale.

Section 600.3160 - Persons Other Than Mortgagor or Vendee Securing Debt.

Section 600.3165 - Sale of Premises Sufficient to Satisfy Amount Due; Judgment as Security; Default; Sale of Whole Premises.

Section 600.3170 - Trust Mortgage Property; Authority of Trustee to Bid in at Foreclosure for Bondholders, Effect of Acquisition on Rights of Parties; Management After Acquisition; Powers and Duties of Trustee; Disposal; Report; Accounting; Construct...

Section 600.3175 - Discharge of Mortgage on Real Property, Land Contract or Tax Lien; Action; Evidence of Payment; Lapse of 15 Years; Judgment.

Section 600.3180 - Actions Equitable in Nature.

Section 600.3185 - Mortgage Foreclosure; Defendant as Service Member or Deployed in Overseas Service; Actions by Court; Mortgage and Land Contract Entered Into Before Effective Date of Act; Definitions.