Civil Division - Foreclosure Sales
Foreclosure sales are held on the front steps of the Pennington County Courthouse, located on the north side of the building facing Saint Joseph St. Normally the bank sends in a bid for the property and bidding starts at one dollar above that amount. Bidding is allowed in one dollar increments. If you are the successful bidder you are purchasing a lien on the property that normally carries a 180 day redemption. After the redemption period is expired a deed is issued by the Sheriff. During the 180 day period you are responsible to protect your interest in the property. Any time during the 180 day period any lien holder can redeem on the property. If the property is redeemed you will receive a refund on your purchase price, including insurance and mandatory repairs, plus interest.
All bidders must bring a Letter of Credit from their financial institution. If you are the successful bidder, payment is required by 3:00pm on the day of the auction. Payment can either be made in cash or with a certified bank check. If you are unable or unwilling to secure financing you may be held responsible for any fees and costs accrued.
For a listing of upcoming sales please see the Rapid City Journal website.