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South Dakota Laws 21-48-12 - Sale by parcels--Sale terminated when sufficient amount raised

South Dakota Laws > Title 21 > Chapter 48 > § 21-48-12 - Sale by parcels--Sale terminated when sufficient amount raised


Current as of: 2010

If the mortgaged premises consist of distinct farms, tracts, or lots, they must be sold separately, unless the same consist of platted lots having a structure partly upon each, in which case the lots must be sold as one tract; provided that whenever there be a paramount lien upon two or more lots or parcels of land not contiguous which paramount lien covers two or more of such separate lots or parcels, the separate lots or parcels may be sold in one parcel subject to such paramount lien. Except as are hereinbefore provided, no more farms, tracts, or lots must be sold than shall be necessary to satisfy the amount due on such mortgage at the date of the notice of sale, with interest, and the costs and expenses allowed by law.

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South Dakota Laws: Home Foreclosure

South Dakota Laws > Title 21 > Chapter 47 - Actions To Foreclose Real Property Mortgages
South Dakota Laws > Title 21 > Chapter 48 - Foreclosure Of Real Property Mortgage By Advertisement
South Dakota Laws > Title 21 > Chapter 48A - Nonjudicial Voluntary Foreclosure
South Dakota Laws > Title 21 > Chapter 50 - Foreclosure Of Real Estate Contracts
South Dakota Laws > Title 21 > Chapter 52 - Redemption From Sale On Execution Or Foreclosure

U.S. Code Provisions: Home Foreclosure

U.S. Code > Title 12 > Chapter 38 - Multifamily Mortgage Foreclosure
U.S. Code > Title 12 > Chapter 38A - Single Family Mortgage Foreclosure

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