Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Alaska?

If a lender pursues a foreclosure sale through the non judiciary foreclosure process then the lender has no right to sue the borrower for a deficiency judgment if the lender is still owed money on the mortgage after the foreclosure sale.
However, the lender may retain the right to collect a deficiency judgment if the foreclosure was a judicial foreclosure that was administered through the court system.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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