If you're facing a foreclosure in Alaska, it pays to learn about the process. Most foreclosures in the state are nonjudicial (they don't go through court). Before the lender can sell your home, however, it must send you notice and wait a certain amount 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 can't come after you for any deficiency. Below you can learn about the key features of the Alaska foreclosure process and get 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.