How the Eagle River foreclosure search works
The listings below this guide come from a saved MLS search for Eagle River 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 Eagle River. Eagle River is part of the Municipality of Anchorage, so Anchorage property tax and tax-foreclosure rules apply.
- 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 Eagle River
Listed on the MLS
- Bank-owned (REO) homes. The lender took the property back after a foreclosure sale and now sells it through a listing agent. You make an offer as you would on other listings, often on the seller's own addendum and timelines.
- Short sales. The owner still holds title, but the sale price would not pay off the loan, so the lender has to approve the sale. Approval can take time and is not certain.
- Other distressed sales. Estates, as-is sales and properties that need major repairs may show up next to foreclosures. Read the listing remarks to see what kind of sale it is.
Sold outside the MLS
- Trustee sales. Public auctions held by the trustee under a deed of trust. They are not MLS listings, and the terms are set by the trustee and the notice of sale.
- Tax-foreclosure sales. The Municipality of Anchorage sells property it took for unpaid property taxes or special assessments through its own sealed-bid sales. See the section below.
Municipality of Anchorage tax-foreclosure sales
Eagle River 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 Eagle River foreclosure
Condition
Many distressed homes are sold as is, and the seller may know little about the property. Plan a full inspection inside your contract deadlines. If a home sat empty through a winter, ask whether it was winterized and whether the heat or water were shut off, and get the seller's permission before turning utilities on for an inspection.
Financing
Some loan programs have property condition rules, so a home that needs major repairs may not qualify for every loan. Ask your lender before you write an offer. Tax-foreclosure sales have their own payment rules.
Title and costs
Order a title report and read it. Ask about unpaid HOA dues, special assessments, liens and permits for past work. Bank-owned sellers often use their own addendum, which can change who pays for what.
Timelines
Bank-owned sellers and short-sale lenders can take longer to respond and may set their own closing dates. Build that into your plans and your loan lock.
- 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.
Get new Eagle River foreclosure listings by email
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Send me new Eagle River foreclosures
Foreclosure and bank-owned listings change from week to week, and some weeks there are none. Tell us your price range and home type and James or Ryan will set up an MLS email alert.
Ask about a listing
Send an address or MLS number. We can pull the listing history and recent nearby sales and help you plan inspections and contract deadlines.
Talk with James or Ryan about Eagle River foreclosures
James and Ryan can help you read a listing, plan inspections and write an offer that fits a bank-owned seller's process.
James Cash
Broker, Keller Williams Realty Alaska Group
Works with buyers, sellers and investors across Anchorage, Eagle River and the Mat-Su Valley.
james@herorealtygroup.com
Ryan Lunski
Licensed Alaska Real Estate Salesperson
A military veteran who works with buyers, investors and military families in Southcentral Alaska.
ryan@herorealtygroup.comWe are real estate agents, not attorneys or lenders. We can help you find and compare listings and plan inspections and deadlines. An Alaska attorney answers legal and title questions, and a licensed lender answers loan questions.
Eagle River foreclosure FAQ
Where can I see foreclosures for sale in Eagle River?
The listings on this page come from a saved MLS search for Eagle River listings marked as foreclosures. The search updates as the MLS changes, and some weeks there are none. You can also open the full search or ask James or Ryan for an email alert.
Is every listing in the Eagle River foreclosure search bank-owned?
No. The search relies on how the listing agent marked the listing in the MLS, so it can include other distressed or as-is sales, and some bank-owned homes may be marked differently. Read the listing remarks and ask about the type of sale.
How does foreclosure work in Alaska?
When a home loan is secured by a deed of trust, Alaska Statute 34.20.070 lets the trustee sell the property at a public sale without going to court. The trustee records a notice of default at least three months before the sale, and an owner behind on payments can generally cure the default before the sale.
Does the Municipality of Anchorage sell tax-foreclosed property in Eagle River?
Yes. The Municipality of Anchorage Real Estate Services Division sells tax-foreclosed property by sealed bid after Assembly approval. Each bid needs a deposit of at least 25% by cashier's check or money order, and the former owner can repurchase before the sale.
Can I use a mortgage to buy an Eagle River foreclosure?
It depends on the sale. A bank-owned MLS listing may be bought with a loan if the property and the buyer meet the lender's rules, and some loan programs have property condition rules. Municipality of Anchorage tax sales require a deposit of at least 25% with each bid.
Keep exploring
More guides that pair with this one.
Foreclosures
Investing
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.
KELLER WILLIAMS REALTY ALASKA GROUP
Properties of Alaska by HERO Realty Group
A team at Keller Williams Realty Alaska Group, 621 S Knik Goose Bay Rd, Wasilla, AK 99654 · Office 907-360-7448
Properties of Alaska is a real estate team, not a mortgage lender or loan originator. Information on this page is general education, not a loan offer, a commitment to lend or financial, tax or legal advice.
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