Alaska Mortgage Deed

State:
Multi-State
Control #:
US-03109BG
Format:
Word; 
Rich Text
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Description

A mortgage deed is a document which gives a lender legal right and interest in a property. Generally, a borrower is pledging his home as security for a loan. The mortgage deed evidences the lender's ownership in the property. It operates very much the same as a mortgage or deed of trust. The lender can foreclose on the property if the debtor does not make timely payments.
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FAQ

To be recorded, each deed sent to the recorder's office for recording should include the following: Recording Fee. Alaska's current recording fees for deeds are $20.00 for the first page and $5.00 for each additional page. Nonstandard documents may be recorded for an additional nonstandard recording fee.

The spouses can agree that when one spouse dies, title to the other half of the property passes automatically to the surviving spouse or passes through probate to the beneficiaries or heirs of the spouse who died.

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.

To put simply, the deed is the legal document that proves who holds title to a property, while a mortgage is an agreement between a financial lender and borrower to repay the amount borrowed to purchase a home.

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. Otherwise, it won't be valid. You can make a transfer on death deed for Alaska with WillMaker.

Ownership Changes Recording a deed is best handled through a Title Company. For those doing their own deeds, deed templates are often available online or at office supply stores. The deed must have the names and addresses of both the current ownership and the new ownership, and the legal description of the property.

Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateAlabamaYYAlaskaYArizonaYYArkansasYY47 more rows

Form PTAX-203, Illinois Real Estate Transfer Declaration, is completed by the buyer and seller and filed at the county in which the property is located. Form PTAX-203-A, Illinois Real Estate Transfer Declaration Supplemental Form A, is used for non-residential property with a sale price over $1 million.

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Alaska Mortgage Deed