South Dakota Codified Laws 15-19-23. Time allowed for redemption from sale of real property–Foreclosure provisionsunaffected
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If no redemption be made within one year after the sale, the purchaser or his assignee is entitled to a conveyance; or, if so redeemed, whenever sixty days have lapsed and no other redemption has been made, and notice thereof given, and the time for redemption has expired, the last redemptioner, or his assignee, is entitled to a sheriff’s deed; but in all cases the judgment debtor shall have the entire period of one year from the date of the sale to redeem the property.
This section shall not affect the provisions of law relating to the postponement of the period of redemption in foreclosure cases.
Terms Used In South Dakota Codified Laws 15-19-23
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SDC 1939 & Supp 1960, § 33.2201.