S.D. Codified Laws § 21-48A-5

Current through the 2024 Legislative Session
Section 21-48A-5 - Redemption of real property by junior lienholder-Quit claim deed

A lienholder of record may redeem real property which has been foreclosed by a mortgagee pursuant to this chapter. The redemption shall be made pursuant to § 21-52-14. Upon payment, the mortgagee shall convey the property by quit claim deed to the redeeming junior lienholder.

SDCL 21-48A-5

SL 1991, ch 185, § 5.