How Can a Lender Foreclose on a Property in South Dakota?
Most South Dakota mortgages contain a power of sale clause which authorizes the lender to foreclose on the property without judicial involvement if the borrower is in default on the mortgage loan. The lender must provide the borrower and the public with the notice that is required by the mortgage agreement or state law and the lender must conduct the foreclosure sale in compliance with the mortgage agreement or state law.
