Page 5 - Real Estate Laws and Customs - State by State Guide by Old Republic Title
P. 5

State Locations

                                                                                               A STATE - BY - STATE GUIDE
       REAL ESTATE LAWS AND CUSTOMS                                                                    ALASKA

       Title Insurance Rates   ALASKA
            Filed

       Form of Conveyance   ALASKA
            Warranty Deed; Quitclaim Deed


       State Encumbrance Forms   ALASKA
            Deed of Trust; Mortgage

       Customary Closing Entity   ALASKA
            Title or Escrow Company; Others

       Commitment Issued? Duration?   ALASKA
            Yes; 6 Months

       When Is Invoice Issued?   ALASKA
            At Closing - Mandatory Cancellation Charge

       Deed Transfer Tax?   ALASKA
            No

       Mortgage Tax?   ALASKA
            No

       Leasehold Tax?   ALASKA
            No


       Remote Online Notarization (RON) Status   ALASKA
            In Effect
       CUSTOMARY SPLITS

       Owner’s Policy Premium   ALASKA
            Seller Pays; Sometimes Negotiated


       Loan Policy Premium   ALASKA
            Borrower Pays


       Title Search and Exam Fees   ALASKA
            Included in Premium


       Survey Charges   ALASKA
            Seller Pays; Sometimes Negotiated


       Deed Transfer Tax   ALASKA
            Not Applicable


       Mortgage Tax   ALASKA
            Not Applicable


       Closing Fees   ALASKA
            Negotiable; Usually Divided Equally


       Recording Fees   ALASKA
            Negotiable; Usually Divided Equally


                   UCC coverage is available; for assistance with your transaction contact UCC@oldrepublictitle.com  5

                                                  oldrepublictitle.com/ncs                                       Updated 07/2023
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