Kodiak Island Borough Substitution of Trustee Forms (Alaska)

Form Package

Substitution of Trustee

State

Alaska

Area

Kodiak Island Borough

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$27.97

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Included Forms

All Kodiak Island Borough specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Alaska and Kodiak Island Borough supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Substitution of Trustee Forms:

• Kodiak Island Borough

Including:

• Karluk
• Kodiak
• Larsen Bay
• Old Harbor
• Ouzinkie
• Port Lions

What is the Alaska Substitution of Trustee

Use this form to substitute a trustee in a previously recorded Deed of Trust, typically executed to perform a foreclosure or when the current trustee can't or won't act.

((b) The substitution must contain

(1) the date of execution of the trust deed;
(2) the names of the trustee, trustor, and beneficiary, and, if the substitution is executed by the attorney for the beneficiary or successor in interest to the beneficiary, the name, address, and Alaska Bar Association identification number of the attorney;
(3) the book and page where the trust deed is recorded or the serial number assigned to the trust deed by the recorder;
(4) the name of the new trustee; and
(5) an acknowledgment signed and acknowledged by the trustee named in the trust deed of a receipt of a copy of the substitution, or an affidavit of service of a copy of it.
(c) From the time the substitution is filed for record, the new trustee succeeds to all the powers, duties, authority, and title of the trustee named in the deed of trust.
(d) When a title insurance company authorized to do business by a certificate of authority granted under AS 21.66 has been purchased by, merged into, or consolidated with, or has transferred all or substantially all of its business assets to, another authorized title insurance company, the surviving or successor company, by operation of law, succeeds to the duties of the predecessor company granted to that predecessor as trustee in any trust deed described in (a) of this section.) (Alaska Sec. 34.20.120.)

This form contains an "Affidavit of Service of Substitution of Trustee" clause/paragraph as described in AK Sec. 34.20.120(5) above.

For use in Alaska only.

Our Promise

The documents you receive here will meet, or exceed, the Kodiak Island Borough recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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