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Buy South Dakota Foreclosure Listings
For the past months, bank foreclosures in South Dakota are not affected by the foreclosure activity that is being felt all over the country. However this year things were slightly different. There are now more foreclosures being filed that reached up to 208% compared to last year. The South Dakota foreclosure listings have increased by 7% as more and more properties are being foreclosed by banks. There is one out every 900 homes that are currently receiving foreclosure notice. Out of 50, South Dakota ranks 44th. Bank foreclosures in Sioux Falls received the highest rate in the region. Compared to the average, it is 4% higher.
Other major cities like Rapid City and Watertown are also hit by the foreclosure wave that hit the state. On the brighter side, South Dakota data was just 1% of the almost one million properties that were filed for foreclosure. The foreclosure activity in the whole country has declined in the first few months of the year but steadily rising in the next few months. Compared to North Dakota, many preferred to live in South Dakota. This is due to the fact that the state is more urban although there are also some farms and lands in the region.
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