Alaska Deed of Trust and Promissory Note
Borough or Census Area Forms
Where is the property is located?Aleutians East BoroughAleutians West BoroughAnchorage BoroughBethel BoroughBristol Bay BoroughDenali BoroughDillingham BoroughFairbanks North Star BoroughHaines BoroughJuneau BoroughKenai Peninsula BoroughKetchikan Gateway BoroughKodiak Island BoroughLake And Peninsula BoroughMatanuska Susitna BoroughNome BoroughNorth Slope BoroughNorthwest Arctic BoroughPrince Wales Ketchikan BoroughSitka BoroughSkagway Hoonah Angoon BoroughSoutheast Fairbanks BoroughValdez Cordova BoroughWade Hampton BoroughWrangell Petersburg BoroughYakutat BoroughYukon Koyukuk Borough
Deed of Trust and Promissory Note for Real Estate Located in Alaska
A Deed of Trust is the preferred instrument for financing real property in Alaska. This form contains a power of sale clause, allowing for a non-judicial foreclosure, this can save time and expense for the lender. Use to finance real property; residential, rental, condominiums, vacant land, and planned unit developments.
Alaska Statutes 34.20.110 -- Trust deeds recorded as mortgages For the purposes of record, a deed of trust, given to secure an indebtedness, shall be treated as a mortgage of real estate, and recorded in full in the book provided for mortgages of real property. The person who makes or executes the deed of trust shall be indexed as "mortgagor," and the trustee and the beneficiary or cestui que trust, as the "mortgagees."
A Deed of Trust and Promissory Note that include stringent default terms and conditions can be beneficial to the lender, typical of owner financing, investor financing, etc.
For use in Alaska only.