Alaska Deficiency Judgment Law

Alaska is predominately a non-judicial foreclosure state.  But there are circumstances where a foreclosure can occur judicially as well.  When a foreclosure sale is conducted by a trustee pursuant to a deed of trust, Alaska has a very clear and concise law regarding deficiency judgments.  

Alaska statute § 34.20.100 states that in a non-judicial foreclosure, a deficiency judgment is prohibited and “no other or further action or proceeding may be taken nor judgment taken against the maker.”

This provision only relates to non-judicial foreclosures.  If you live in Alaska and are facing a judicial foreclosure, please speak to an attorney in your area should you have questions regarding a potential deficiency.

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