Browse privately held mortgage notes, deeds of trust, and land contracts secured by real estate in South Dakota. South Dakota is primarily a both (judicial & non-judicial) foreclosure state — Both methods are allowed, but non-judicial is rarely used due to restrictive rules. Foreclosure method affects how long and how costly it is to enforce a defaulted note, so it's a key input to your underwriting. Note Central is a marketplace for privately held notes — we are not a party to any transaction and hold no funds; closings are completed with independent professionals. Run your own due diligence and message the seller on the platform.
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