If you are facing foreclosure in Alaska, it pays to learn about the process. Most foreclosures in Alaska don't go through court (called nonjudicial foreclosures). Before the lender can sell your home, however, it must send you certain notices and wait a certain period of time. Along the way, you'll have the opportunity to reinstate the mortgage. If you do lose your home through a nonjudicial foreclosure in Alaska, the lender cannot come after you for any deficiency.
Below you can learn about the key features of the Alaska foreclosure process (including notices and your right to reinstate) and details on Alaska's anti-deficiency law.
Be sure to check out our Foreclosure Center for more articles on foreclosure, alternatives to foreclosure, government programs to help you avoid foreclosure, and more.