Foreclosure & Alternatives Law

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.