South Dakota Foreclosures - 618 Foreclosure Listings

Foreclosure Homes in South Dakota

There are currently foreclosed homes listed in South Dakota. Why should you consider buying a foreclosure property in South Dakota? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in South Dakota when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in South Dakota, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in South Dakota that you want to look for a property below. Then search through all distressed real estate listings in South Dakota for the amazing deal that’s right for you.

South Dakota Foreclosure Laws

South Dakota mainly uses judicial foreclosure, which means the lender must go to court before the property can be sold. Most home loans are secured by mortgages. Because the case moves through the court system, the process can take several months or more. Some redemption rights may exist after the sale, and deficiency balances may sometimes still be collected.

Foreclosure Type Process

Both (Judicial most common)
Mortgage Instrument Security Type

Mortgage. Deeds of trust are rarely used.
Typical Timeline Duration

2-6 months
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

Redemption varies; often 180 days.
Process Summary

South Dakota requires judicial foreclosure. Borrowers may have redemption rights depending on the circumstances.
Notice / Timing Statute

South Dakota Codified Laws § 21-47-1 et seq. (judicial foreclosure process)
Redemption Statute(s)

South Dakota Codified Laws § 21-52-1 et seq. (redemption during confirmation period)
Deficiency Statute(s)

South Dakota Codified Laws § 21-47-13 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in South Dakota

In South Dakota, identify foreclosure sales via county sheriff notices, MLS, and legal publications. South Dakota' non-judicial foreclosure requires notice compliance. Ensure financing is ready. Conduct title and inspection research. Bid at the sale and complete the purchase.

What type of foreclosure is used in South Dakota?

The type of foreclosure in South Dakota is Both (Judicial most common)

Is there a redemption period in South Dakota?

Redemption varies; often 180 days.

Are deficiency judgments allowed in South Dakota?

Deficiency judgments permitted in South Dakota

How do you buy a foreclosure in South Dakota?

In South Dakota, identify foreclosure sales via county sheriff notices, MLS, and legal publications.