South Dakota foreclosures are wonderful opportunites for any homebuyer or real estate investor. All of our South Dakota foreclosure listings of homes put up for sale and repossessions are updated daily on our site.
Search through the best listings of foreclosures in South Dakota. We provide foreclosed homes and auctions in the major South Dakota cities. Choose a city and fing an excellent deal for you!
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South Dakota is a great place in which to purchase a home for investment purposes or relocation. In South Dakota, you can expect an average temperature range of 13.5 degrees Fahrenheit in January to 75.2 degrees Fahrenheit in July. This makes South Dakota an ideal place to live as there is a season for anybody's personal tastes.
South Dakota is also affordable. Compared to the U.S. average cost of living, South Dakota’s is far less. However, the most noticeable difference between South Dakota’s average cost of living and those of other states is in the housing market. The average price of a home is South Dakota is a little more that 1.5% lower than the national average. South Dakota home foreclosures are an even greater bargain.
The cities in South Dakota offer a variety of housing and environment options. Sioux Falls is the largest city in South Dakota, offers a rich cultural experience, and is the capital of Minnehaha County. Sioux Falls has more than 50 parks and greenways in the city, including Falls Park. Falls Park is situated around the Big Sioux River, the city's namesake. In the heart of South Dakota, in the county of Hughes, you will find the capital city of Pierre. Even though it is a capital city, it is rather quiet for a major metropolitan area. Pierre is the second smallest capital in population in the United States, coming in behind Montpelier, Vermont.
Rapid City, located in Pennington County in western South Dakota, is also known as the Gateway to the Black Hills. The city is also divided by the Dakota Hogback mountain range and can be found in the valley just to the east of the Black Hills.
Keystone, also located in Pennington County, is a small town that serves the needs of tourists there to visit famous Mount Rushmore, just outside the city limits. Other places of interest in South Dakota include Badlands National Park, Wind Cave National Park, Custer State Park, The Crazy Horse Memorial, and Deadwood, named for the dead trees in its gulch.
South Dakota is a state full of culture, historic landmarks, and natural wonders. Please check out our South Dakota home foreclosures for sale to see how affordable housing in South Dakota can be.
South Dakota allows both judicial and non-judicial foreclosures. Judicial foreclosures are usually only necessary when there is either a problem with a property title or a mortgage lacks a power of sale clause. A power of sale clause provides the lender with the right to pursue foreclosure on a defaulted borrower (homeowner) without obtaining a court ruling. For a judicial foreclosure, the lender must file a suit against the homeowner. If the homeowner does not respond or cannot provide payment within a certain amount of time, the court is permitted to issue a ruling in favor of the lender and schedule a foreclosure sale of the property. Since most mortgages in South Dakota contain a power of sale clause, judicial foreclosures are hard to find. In the case of a non-judicial foreclosure, South Dakota foreclosure law does not require the lender to provide the homeowner with a notice of default before beginning the foreclosure process.
Before the sale can occur, a notice of sale must be published for a number of weeks in a local newspaper. The homeowner must also be given a copy of the notice of sale at least 21 days in advance.
Once these requirements are met, the foreclosure sale (which is run in the style of an auction) may proceed. A sheriff, who always conducts a foreclosure sale, auctions off the property to the highest bidder and presents that person with a certificate of sale, which transfers full ownership from the original homebuyer to the highest bidder.
If the property is less than 40 acres, then the original homeowner retains a right to redemption by paying off the full value of their mortgage loan within 180 days. However, the homeowner must inform the sheriff of their intent to redeem the property before the sale occurs.
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