Alaska surplus funds recovery

AS 29.45.480(b) governs excess after a municipal resale of tax-foreclosed property if the municipality held it for less than 10 years after redemption and never designated it for public use. An eligible former record owner must file a proper excess claim within six months after the municipality's later resale; a later claim is forever barred.

AS 29.45.480(b) governs excess after a municipal resale of tax-foreclosed property if the municipality held it for less than 10 years after redemption and never designated it for public use. An eligible former record owner must file a proper excess claim within six months after the municipality's later resale; a later claim is forever barred. The earlier property-redemption period is governed separately by AS 29.45.400 and .440, and applicable municipal code may apply.

The earlier property-redemption period is governed separately by AS 29.45.400 and .440, and applicable municipal code may apply. The one-year minimum municipal holding period under AS 29.45.400 is not the six-month excess-claim deadline.

AS 34.20.070–.100 governs a nonjudicial deed-of-trust sale, and AS 34.20.080(f) directs payment to the beneficiary, then subordinate recorded interests by priority, then the trustor if still owner or the recorded successor. AS 34.20.080 sets no separate surplus-claim deadline; the trustee distributes proceeds after delivering the deed.

AS 34.20.070–.100 governs a nonjudicial deed-of-trust sale, and AS 34.20.080(f) directs payment to the beneficiary, then subordinate recorded interests by priority, then the trustor if still owner or the recorded successor. AS 34.20.080 sets no separate surplus-claim deadline; the trustee distributes proceeds after delivering the deed. Nonjudicial redemption is generally unavailable unless the deed of trust provides it under AS 34.20.090.

Nonjudicial redemption is generally unavailable unless the deed of trust provides it under AS 34.20.090. Judicial foreclosure follows AS 09.45.170–.220, with separate property-redemption rights under AS 09.45.190 and 09.35.250.

AS 34.45.110–34.45.780 governs unclaimed property; AS 34.45.380 sets no fixed deadline for an initial owner claim. After an adverse decision, AS 34.45.400 allows 60 days from mailed notice to request an informal conference or formal hearing.

AS 34.45.110–34.45.780 governs unclaimed property; AS 34.45.380 sets no fixed deadline for an initial owner claim. After an adverse decision, AS 34.45.400 allows 60 days from mailed notice to request an informal conference or formal hearing. A claimant has 30 days after an informal decision to request a formal hearing.

A claimant has 30 days after an informal decision to request a formal hearing. A superior-court appeal must be requested within 30 days after a formal decision.

The one-year minimum municipal holding period under AS 29.45.400 is not the six-month excess-claim deadline. Judicial foreclosure follows AS 09.45.170–.220, with separate property-redemption rights under AS 09.45.190 and 09.35.250. A superior-court appeal must be requested within 30 days after a formal decision.