South Dakota · ForeclosureSouth Dakota redemption after foreclosure: one year, or 180 days under a short redemption mortgage

In South Dakota, redemption is the right to repay the amount paid for real property sold on foreclosure of a real estate mortgage, on special or general execution against a judgment debtor, or on foreclosure of any lien other than for taxes or special assessments (SDCL 21-52-1). All persons entitled to redeem have one year from the date of sale, except under a one-hundred-eighty-day redemption mortgage (SDCL 21-52-11). The judgment debtor or its successor and the holders of any lien junior to the one foreclosed may redeem during the redemption period (SDCL 21-49-33) by paying the purchase price plus sums the purchaser paid to protect its interest – taxes, insurance, maintenance reasonably incurred to preserve the property and payments on a superior lien – with interest at the mortgage rate (SDCL 21-49-34). Until the period expires, the court may restrain waste, though ordinary continued use isn't waste (SDCL 21-52-2).