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 filing of a lawsuit in court which will typically take anywhere in 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.