South Dakota Codified Laws 7-31-47. Assistance by agents in tax-deed and mortgage-foreclosure proceedings
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Such agent or agents shall also at the direction of the board assist the county treasurer in the preparation and institution of tax–deed proceedings on behalf of the county and render any necessary assistance to the board and the county auditor in the sale of real property acquired by the county through tax–deed proceedings, mortgage foreclosure, or other source, and perform such other duties in relation to any such property as the board of county commissioners may prescribe.
Terms Used In South Dakota Codified Laws 7-31-47
- 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
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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.
Source: SL 1937, ch 87, § 1; SDC 1939, § 12.2218.