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Alaska Foreclosure law

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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 filing a lawsuit in court, typically taking 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 a power of sale clause specifies precise details of date, time, place, etc., the lender must adhere to the same for executing the foreclosure.

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