Anchorage foreclosures and bank-owned homes for sale

How the Anchorage foreclosure search works

The listings below this guide come from a saved MLS search for Anchorage listings marked as foreclosures. The search updates as the MLS changes. Some weeks there are only a few listings, or none.

• This search covers listings whose MLS city is Anchorage. Some Municipality of Anchorage communities, such as Eagle River and Girdwood, are listed under their own city names in the MLS, so they are not in this search. Eagle River has its own foreclosure page.
• The search relies on how each listing agent marked the listing in the MLS. It can include other distressed or as-is sales, and it can miss a bank-owned home that was marked differently.
• Trustee sales and tax-foreclosure sales are not MLS listings, so they do not appear in the search.

Types of foreclosure and distressed sales in Anchorage

Municipality of Anchorage tax-foreclosure sales

Anchorage property that the Municipality of Anchorage takes for unpaid property taxes or special assessments is sold by the Municipality's Real Estate Services Division, not on the MLS. These are the main points from the Municipality's sale page and buyer guide.

• Sales are held by sealed bid after Assembly approval. When we checked on November 13, 2026, the Municipality's page said its 2026 sales had concluded and that 2027 sale information will be posted when available.
• Bids are hand-delivered on the published sale date. The buyer guide says each bid needs a deposit of at least 25% of the bid amount by cashier's check or money order.
• The minimum bid covers the delinquent taxes or assessments, interest, penalties and foreclosure costs, plus the Municipality's administrative costs.
• The former record owner can repurchase the property before it sells, so a parcel can be pulled from a sale.
• The guide says the buyer owes the full year's property taxes for the year of purchase, without proration, plus any unpaid special assessments.
• The Municipality says it has not done site assessments and urges bidders to do their own research and consult professionals such as a title examiner and a real estate attorney.
• Properties named in the yearly Notice of Foreclosure publication are not for sale. Those owners are still able to pay before foreclosure.

Official sources: Foreclosed Properties Sale (Municipality of Anchorage) and the buyer guide for MOA tax-foreclosed property (PDF).

How foreclosure works in Alaska

When a home loan is secured by a deed of trust, Alaska law lets the trustee sell the property at a public sale without first going to court, if the notice rules in AS 34.20.070 are followed.

• The trustee records a notice of default at least 30 days after the default and at least three months before the sale, and mails copies to the owner and others with a recorded interest.
• If the default is missed payments, the owner can generally cure it before the sale by paying the amount in default plus certain costs. The statute lets the trustee refuse a cure after two or more earlier cured defaults under the same deed of trust.
• If the lender is the winning bidder at the sale, the property may later come to market as a bank-owned (REO) listing.

This is a plain-language summary of one statute, not legal advice. A buyer at a trustee sale or a homeowner facing one should talk with an Alaska attorney. Homeowners can also read our guide to selling before foreclosure in Alaska.

What to check on an Anchorage foreclosure

• Read the listing remarks for the type of sale and any terms
• Ask what disclosures the seller can and cannot provide
• Schedule inspections early, including heating, plumbing and the roof
• Get repair bids before you decide on a price
• Order and read the title report
• Confirm the loan program allows the property's condition

We do not estimate values, repair costs or returns on this page. If you plan to rent the home out, our Alaska investing guide covers underwriting and the rental property calculator lets you run your own numbers. James or Ryan can pull recent nearby sales for you.

Anchorage foreclosure FAQ

Where the program details came from

Checked November 13, 2026 (America/Anchorage). Sale schedules and rules change. If an official page differs from this summary, the official page controls.

• Alaska Statutes, AS 34.20.070, Sale by trustee.
• Municipality of Anchorage, Foreclosed Properties Sale and So you would like to purchase tax-foreclosed properties (buyer guide, PDF).
• Listings: Alaska MLS via the Properties of Alaska IDX search. Information deemed reliable but not guaranteed.