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If the property is held as tenants by the entirety or as Alaska Community Property with a right of survivorship, it passes automatically to the spouse who survives the person who died. There is no need to do anything to transfer the real property to the surviving spouse.
The trust deed represents an agreement between the borrower and a lender to have the property held in trust by a neutral and independent third party until the loan is paid off.
An Alaska deed of trust is a document that transfers a real estate title from a grantor (?trustor? or ?borrower?) to a third party (?trustee?) to retain as collateral for a loan issued by a lender (?beneficiary?).
The transferring of Title to property from one ownership to another requires recording a Deed. A Warranty Deed may be done when an owner guarantees, through a title report, that he or she holds clear title to a property.
An Alaska quit claim deed is a document that includes the transfer of ownership in real estate, with no guarantees, from a grantor (seller) to a grantee (buyer). If the grantor has any ownership of the property, it will be transferred to the grantee.
Alaska Transfer-on-Death Deed (Alaska Statutes sections 13.48. 010 to 13.48. 195.) You must sign the deed and get your signature notarized, and then record (file) the deed with the district recorder's office before your death.
Like most states, Alaska recognizes three basic levels of warranty that a deed can provide: quitclaim deeds, warranty deeds, and special warranty deeds.
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.