Overview

In Alaska, the primary method ofdeed of trustforeclosure isnon-judicial. However, if adeed of trust does not contain thepower of sale language or a standard mortgage is used, the lender may seekjudicial foreclosure.

There is a rather lengthy notice and cure period between the time a property owner receives anotice of default until the property is sold at apublic foreclosure auction sale - usually at least three (3) months or more. Accordingly, don't wait until the property becomesReal Estate Owned (REO) after the auction because the property will cost more than it would inpreforeclosure.