If you are trying to stop foreclosure in Alaska, you need to know the process by which foreclosure is done in the state and your best options at each step.

To stop your foreclosure, you need to be able to satisfy your lender. This may be done by catching up on the missed payments, paying the mortgage in full, or selling the home at a price that the bank will accept.

Foreclosure starts with a Notice of Default and Intent to Sell. The homeowner must be notified within 10 days of the Notice.

You then have 90 days to stop foreclosure. You can do this by making up the missed payments plus paying the costs of foreclosure. You can only make up the payments if this is the first foreclosure on your property. If the bank has allowed you this option in the past and you have fallen into foreclosure again, the bank does not have to accept your payments.

During this period, you may stop foreclosure in Alaska through a Short Sale or Deed in Lieu of Foreclosure as well.

A Short Sale is where you sell the property to an investor for less than the amount owed and the bank accepts that as payment in full and stops the foreclosure.

A Deed in Lieu of Foreclosure is where you turn the house over to the bank and walk away from the mortgage. This too should keep foreclosure off your credit report.

If you are not able to stop the foreclosure, the home is sold at auction in front of the county courthouse.

There is a short redemption period where you can "buy back" the home for the auction purchase price. To stop foreclosure in Alaska, you need to act with your best interests in mind from the beginning.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Foreclosure Victims Helping Foreclosure Victims
A number of the homeowners that we talk to everyday are motivated by two main goals. The first, obviously, is to save their home from foreclosure, avoid potential scams, and get their financial lives back to normal. Teaching homeowners how to do each of these is the main purpose of our website, ... more...

Master The Mechanics Of Foreclosure - The Key To Being Effective In Pre-Foreclosure Investing
To confidently compete in the pre-foreclosure arena, every investor must master the mechanics of foreclosure. The events of foreclosure, the timeframes, the disposition of the proceeds of sale, and the effects of the sale ? these are all important landmarks in navigating through the foreclosure ... more...

Summary Of Vermont State Foreclosure Law
There are four different type of foreclosure are followed in Vermont. Strict foreclosure Power of sale foreclosure Judicial foreclosure Non-Judicial foreclosure What is the processing period for foreclosure in Vermont? Processing period is normally 210 days (Approximately 7 months) in Vermont. Is ... more...

Home Forclosure Help
9 tips for home foreclosure help Here outlined for you are nine things you can do if you want or need home foreclosure help. Home Foreclosure Help Tip #1. Make sure you have in place a Home Equity Line of Credit. For this home foreclosure help tip remember that if something comes up forcing you to ... more...