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Alaska Foreclosure law

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The Alaska Foreclosure Law provides the judicial and non-judicial route to lenders for foreclosing their Mortgage agreements or Deed of Trusts.

  • The judicial process will commence upon the filing of a lawsuit in court, which will typically take anywhere between one month to ninety days for processing.
  • The lender can seek the non-judicial process where the Deed of Trust or the Mortgage agreement contains a clause indicating the lender’s power to sell the property.
  • Where such power of sale clause is specified with particular details of date, time, place, etc. the lender has to adhere to the same for executing the foreclosure.

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Few tips that could help you making your foreclosure.

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