§ 21-50-1 Foreclosure action brought on default in executory contract
§ 21-50-3 Time allowed by judgment for compliance with terms of contract–Final judgmentbarring rights on failure to comply
§ 21-50-4 Costs and attorney fee awarded in judgment
§ 21-50-5 Receipt or affidavit establishing record of compliance with judgment
§ 21-50-6 Clerk’s certificate as to noncompliance with judgment–Conclusive evidence of facts
§ 21-50-7 Remedy not exclusive
contract signature

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Terms Used In South Dakota Codified Laws > Title 21 > Chapter 50 - Foreclosure of Real Estate Contracts

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.