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Does South Dakota Law Allow for a Redemption Period After a Foreclosure?

Yes, borrowers may reclaim their property after a foreclosure sale in South Dakota if they pay all of their outstanding loan and any fees or costs that were incurred. The redemption period is typically one year. However, it may be shortened to as little as 2 months if the property was abandoned by the borrower.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure attorney to discuss your specific legal situation.

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