Mich. Comp. Laws § 125.1448d

Current through Public Act 156 of the 2024 Legislative Session
Section 125.1448d - Sale of premises pursuant to circuit court order

Whenever a complaint is filed for the foreclosure or satisfaction of any mortgage on real estate or land contract held by the authority, the court has power to order a sale of the premises which are the subject of the mortgage on real estate or land contract held by the authority, or of that part of the premises which is sufficient to discharge the amount due on the mortgage on real estate or land contract held by the authority, 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.

MCL 125.1448d

Add. 1981, Act 173, Imd. Eff. 12/10/1981.