BEST ANSWER
Donna, South Dakota doesn't do tax foreclosure sales. When people default on their taxes others may pay for them and receive a substantial interest rate when the property owner pays them. I believe the tax defaults are published twice a year after May and October due dates. As far as getting the property for only the cost of the tax liability that isn't the case here. Once the owner's time for redemption on the lien expires the one holding the certificate must initiate a foreclosure proceeding. This could take up to 18 months as well as incurring the cost of the eviction and foreclosure.
If I can help you more, please feel free to contact me at 605-376-4400.
Tue Jul 8 2008, 12:10