Wyoming Foreclosure Process

Judicial Foreclosure Available: Yes
Non-judicial Foreclosure Available: No

Process

Foreclosure by Advertisement

      Wyoming permits the use of a deed of trust which allows foreclosure by advertisement. The deed of trust names a trustee who will conduct the foreclosure.

Preliminary Notices

Advertising

      Notice of the foreclosure must be published once a week for four consecutive weeks in the newspaper for the county in which the property is located.

Mailing

      Notice must be mailed or delivered to the borrower and the occupant at least ten days before the first publication of ads in the newspapers.

Sale Procedures

Time

      The foreclosure sale must take place at public auction between the hours of 9 A.M. and 5 P.M.

Judicial Foreclosure

      In judicial foreclosure, the lender forecloses by filing a lawsuit and obtaining a court-ordered sale. There are no prescribed advertising procedures on court-ordered sales, but they are usually advertised. The sheriff usually conducts the sale. The sale takes place between the hours of 10 A.M. and 5 P.M. The sheriff will then issue a certificate of purchase to the high bidder at public auction.

Deficiency A lender may sue for a deficiency if there is a note associated with the mortgage or deed of trust, or it contains a separate covenant to pay.

Redemption

      Redemption is permitted.

RHOL-CSEU Foreclosure e-course