Sales of real property, when the estate is less than a leasehold of two years unexpired term, are absolute. In all other cases, the real property or interest in real property is subject to redemption. The person conducting the sale shall give to the purchaser a certificate of the sale that indicates the date of the judgment under which the sale was made and contains (1) a particular description of the real property sold; (2) the price bid for each distinct lot or parcel; (3) the whole price paid; and (4) whether or not the property is subject to redemption.
Alaska Legal Code