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Code · Michigan · Chapter 125 — Planning, Housing, and Zoning

125.1448e Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default.

103 words·~1 min read·/mi/chapter-125/125-1448e

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125.1448e Bringing amount due into court after judgment of sale; stay of proceedings; subsequent default.
Sec. 48e.
If, after a judgment of sale is entered against him or her, 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: Add. 1981, Act 173, Imd. Eff. Dec. 10, 1981
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