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WYOMING FORECLOSURE HELP
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Wyoming Foreclosure Statute Laws
Judicial and non-judicial foreclosure is available in Wyoming. Primary service instruments are deed of trust and mortgage. The timeline for foreclosure in Wyoming varies by process, but typically last 90 days. Right of Redemption and deficiency judgments are allowed.
In Wyoming, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
Power of Sale Foreclosure Guidelines:
- Written notice of intent to foreclose the mortgage by advertisement and sale must be served upon the record owner, and the person in possession of the mortgaged premises (if different than the record owner), by certified mail with return receipt, at least ten (10) days before the first publication of notice of sale.
- The notice must be published at least once a week for four (4) consecutive weeks in a newspaper printed in the county where the property is located.
- If there is no newspaper printed in the county, then the notice must be published in a paper printed in the state and of general circulation in said county.
- Said notice must specify the name of the borrower, the lender and the lender’s representative, the date of the mortgage and when it was recorded, the amount of the default, a description of the property and the time and place of sale.
- The sale must be held at the front door of the courthouse of the county in which the premises to be sold, or some part of them, are situated, between the hours of 9:00 am and 5:00 pm, and must be conducted by the person appointed for that purpose in the mortgage or by the sheriff or deputy sheriff of the county.
- Anyone may bid, including the lender. The highest bidder will receive a certificate of purchase.
- Such sale may be postponed from time to time by inserting a notice as soon as possible in the newspaper in which the original advertisement was published and continuing such publication until the time to which the sale shall be postponed, at the expense of the party requesting such postponement.
- The borrower has three (3) months from the date of sale to redeem the property by paying the amount of the purchase price or the amount given or bid if purchased by the execution creditor or by the mortgagee under a mortgage, together with interest at the rate of ten percent (10%) from the date of sale plus the amount of any assessments or taxes and the amount due on any prior lien which the purchaser paid after the purchase, with interest.
- Lenders may obtain deficiency judgments in Wyoming.