I was wondering if you have any experience with tax foreclosure laws in Alaska? I am looking at investing in my first property in Alaska and considering bidding on a tax foreclosure property. There seems to be some ambiguity in what I am finding regarding the Rights of redemption in Alaska. As far as I understand, there is no rights of redemption after the sale of the property from an auction. Can anyone speak to this?
I've spoken to others about these property tax foreclosure sales, and you are correct EXCEPT for any IRS liens.
During a educational session with a title company I learned the right of redemption is actually present in Alaska for 10 years. This does not change when you buy the property unless the previous owner is notified and has a chance to redeem. This can make things hairy. I would certainly call your favorite title company and ask these questions because I am no attorney or title worker
Zach is correct to the best of my knowledge.
See page 22 - 12 months unless something has changed recently.