In Alaska, there was a total of 2,442 properties with foreclosure filings. That works out to a rate of one filing for every 116 households, which is more than double the average in the United States as a whole, and a little less than one percent of the state's housing units.Alaska covers the greatest area of any state in the United States, and has a population of 698,473 residents making it the 47th largest U.S. state by populaiton, but it is the least densely populated state.
Alaska's median household income, $68,460, is the fourth highest in the country, due mostly to its status a top oil and natural gas producer. The state accounts for 20 percent of domestic oil production and gets 80 percent of its revenues from this. Production peaked in 1988 though, and has since fallen by 65 percent.
The state has a time frame of 7 months after Notice of Default for both Judicial and non-Judicial Foreclosures. A Right of Redeption does exist in Alaska, but only for the Non-Judicial Foreclosures.
