In Alaska, what is the primary security instrument used to secure a real estate loan?
Correct Answer
A) A deed of trust naming a trustee
Under AS 34.20.070–34.20.135, Alaska's Deed of Trust Act, the deed of trust is the primary security instrument used in Alaska real estate financing. It involves three parties: the trustor (borrower), the beneficiary (lender), and a trustee who holds bare legal title and has the power to conduct a non-judicial foreclosure sale if the borrower defaults.
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