Frequently Asked Questions

The Anchorage office is located in the Bragaw Office Building between Northern Lights Blvd. and Debarr Road at:

• 1815 Bragaw Street, Suite 101

The Fairbanks office is located in the Butrovich Building, across from the museum on the West Ridge of the University of Alaska Fairbanks campus at:

• 910 Yukon Drive, Suite 106

The Land Management offices are generally open between 8:00 AM and 5:00 PM, Monday through Friday.  The offices are closed on University designated holidays.

The University usually conducts its Competitive Land Sale starting in late August or early September. The University accepts sealed offers on parcels in its annual competitive sales for a period of approximately 60 days.

The University offers most unsold parcels from the annual Competitive Land Sales in the University's Over-the-Counter Land Sale program.  The OTC parcels are sold on a first come, first served basis, at the Minimum Price published in the offering.

Offers submitted for less than the minimum price will be disqualified.

The Unversity offers financing on most land disposals to qualified buyers.  The University will typically finance up to NINETY PERCENT (90%) of the purchase price, at the University's current annual interest rate, payable in equal monthly installments over FIVE (5), TEN (10), FIFTEEN (15) OR TWENTY (20) year contracts depending on the amount financed.  Financing is available on approved credit only.

When the University sells land, it may finance a portion of the purchase price paid by the original buyer.  The University financing is completed under a deed of trust and deed of trust note.  If the owner of real property financed by the University wants to sell their property before the loan is paid off, and the new buyer wishes to assume the University loan, the seller and buyer must first obtain the University’s approval of the assumption.  To obtain that approval, the seller and buyer must comply with the Assumption of Deed of Trust and Deed of Trust Note Terms and Conditions (provided below), under which the University may consent to such an assumption.  If the seller and buyer fail to secure written approval from the University prior to the seller’s transfer of the property to the buyer, the University may, at its sole option, declare all sums secured by the seller’s deed of trust to be immediately due and payable, pursuant to Paragraph 14 of the seller’s deed of trust.

• Assumption of Deed of Trust and Deed of Trust Note Terms and Conditions
• Assumption Agreement