Here is a summary of foreclosure laws and rules for the State of South Dakota:
- In South Dakota foreclosure law permits either a mortgage or deed of trust.
- Lenders primarily use a mortgage and foreclose by judicial sale.
- The foreclosure begins with filing complaint. It can take up to 150 days to process the documents and the date of publication must be published for 23 days.
- The redemption period is 180 days to redeem unless the property is vacant, in which case the redemption period is 60 days.
Much more information is available throughout this website, but for definitive advice ask a South Dakota lawyer.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in South Dakota those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.