Alaska Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       Yes

Primary Security Instruments:      Deed of Trust or Mortgage

Timeline:     Approximately 90 Days

Right of Redemption:      Yes, Non-Judicial Foreclosure only

Deficiency Judgments Allowed:       Yes, Judicial Foreclosure only

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Quick Summary:

In Alaska, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. 

 

The foreclosure timeline in Alaska is approximately 90 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Alaska borrowers have the right of redemption in non-judicial foreclosures only and are allowed deficiency judgments in judicial foreclosures only.

For more information on Alaska Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Alaska's Attorney General's Office
450 Diamond Courthouse
P.O. Box 110300
Juneau, AK 99811-0300
Ph: (907) 465-3600
Fax:(907) 465-2075