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Alaska Deed of Trust
Alaska is a deed of trust state, and mortgage lenders use this Deed of Trust instead of a mortgage to secure home purchase loans.
- The Deed of Trust conveys title to the property to a third party trustee (often a title company), and not to the borrower.
- The trustee holds the title as security for the loan, to make sure that the borrower makes payments on time and performs its other obligations under the loan agreement and Note.
- If the borrower defaults under the loan agreement or Note, the trustee has the authority to sell the property on behalf of the lender.
- The Deed of Trust contains uniform covenants as well as State-specific non-uniform provisions covering non-judicial foreclosure and power of sale, and the lender's right to demand full payment for repeated breaches.
- The Alaska Deed of Trust form can be re-used for each mortgage loan your office approves. Buy and download the template now.
$17.99
Alaska Seller Property Disclosure Statement
Alaska law requires the seller of a real estate property to make full disclosure of the property's condition by providing a potential buyer with a completed Residential Real Property Transfer Disclosure Statement.
- The Disclosure Statement must be completed by the seller in order to comply with Alaska Statute (AS) 34.70.010 - 34.70.200.
- The seller must disclose all known defects, health and safety risks, and other conditions in the property.
- After receiving the report, the buyer has 3 - 6 days (depending on the method of delivery of the report) to terminate the offer based on the information contained in the Disclosure Statement.
- Residential Real Property includes single family dwellings, two single-family dwelling units under the same roof, or any individual unit in a multi-unit structure or common interest ownership housing community.
- Failure to disclose as required by the law could result in the seller being liable for damages, costs and attorney fees.
- This disclosure form is available as a free PDF download. Click the link provided to download your copy.
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