Search South Dakota Foreclosures

South Dakota foreclosures are a wonderful opportunity to find an affordable home in South Dakota. All of our South Dakota foreclosure listings of homes for sale and repossessions are updated daily on our site.

Click on a South Dakota county below to begin your search:

Latest Foreclosures in South Dakota

HARMONY LN, Watertown, SD
SD 57201
5BD/3.50BH
$225,000
TEPEE ST, Rapid City, SD
SD 57702
5BD/2.00BH
$109,000
S AVONDALE CT, Sioux Falls, SD
SD 57110
4BD/3.50BH
$145,000
S WEST AVE, Sioux Falls, SD
SD 57105
3BD/1BH
$62,000
W 39TH ST, Sioux Falls, SD
SD 57105
3BD/2BH
$143,500
S PAISLEY LN, Sioux Falls, SD
SD 57106
5BD/3BH
$225,000
2ND AVE SE, Watertown, SD
SD 57201
1BD/1BH
$27,900
N PRAIRIE AVE, Sioux Falls, SD
SD 57104
1BD/2BH
$49,000
BROADWAY ST, Centerville, SD
SD 57014
3BD/1BH
$34,900
6TH AVE S, Clear Lake, SD
SD 57226
2BD/1.00BH
$69,500
E TALLENT ST, Rapid City, SD
SD 57701
3BD/1BH
$67,000
258TH ST, Garretson, SD
SD 57030
4BD/2BH
$14,900

Search on South Dakota Top Locations

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 Foreclosures for Sale

South Dakota foreclosuresSouth Dakota is a great place to decide to purchase a home. 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 US averages the cost of living in South Dakota is less. The most noticeable difference 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 and offers a rich cultural experience. It is the county seat 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, you will find that it is quite the opposite of the hustle and bustle of most capital cities. 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 divided by the Dakota Hogback mountain range. The city is located 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 visiting the 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 Foreclosure Laws

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 can issue a ruling in favor of the lender and schedule a foreclosure sale of the property. As most mortgages in South Dakota have a Power of Sale clause, judicial foreclosures are rare. 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 served with 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. The Sheriff auctions off the property to the highest bidder and presents that person with a Certificate of Sale, which imparts full ownership.

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 before the sale occurs.

South Dakota Foreclosure Process Flow Chart

Foreclosure Process in South Dakota

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