Michigan Compiled Laws
236-1961-31 - Chapter 31 Foreclosure of Mortgages and Land Contracts (600.3101...600.3185)
Section 600.3155 - Upset Price at Sale.

Sec. 3155.
In any forfeiture, foreclosure, or specific performance case based upon a mortgage on real estate or land contract the court may fix and determine the minimum price at which the real property covered by the mortgage or land contract may be sold at the sale under the forfeiture, foreclosure, or specific performance proceedings.
History: 1961, Act 236, Eff. Jan. 1, 1963

<< Previous
Next >>

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.