Alaska Statutes 34.45.060 – Sale at public auction

(a) The peace officer shall sell the property at public auction to the highest bidder in the manner provided for the sale of personal property on execution.

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Terms Used In Alaska Statutes 34.45.060

Mortgagee: The person to whom property is mortgaged and who has loaned the money.
peace officer: means
(A) an officer of the state troopers. See Alaska Statutes 01.10.060
property: includes real and personal property. See Alaska Statutes 01.10.060

(b) The sale of the property conveys good title superior to all liens, encumbrances, and mortgages, and without right of redemption; but the owner or mortgagee, at any time before the sale, may redeem the property by claiming it and paying all charges of the holder against it and all costs incurred or accrued under Alaska Stat. § 34.45.010 – 34.45.080 up to and including the date on which the owner or mortgagee redeems it.

(c) The proceeds from the sale shall be applied in payment, first, of all reasonable costs of sale, inventory and publishing, posting, serving and preparing notices, including the district judge’s or magistrate’s fees and the fees of the peace officer, and second, of the holder’s charges, with interest at the legal rate, against the property.

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