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Wyoming foreclosure procedures, rules and civil codes

Learn about the Wyoming Foreclosure Procedures and rules including judicial, nonjudicial, and statutory procedures. Learn about the Power of Sale clause on property, a deficiency judgment and your redemption rights. Use the Code of Wyoming outlined below to stop bank foreclosure or to avoid a home foreclosure altogether.

Wyoming Statutes Annotated, Vol. 2, Sections 1-18-101 et seq.; Vol. 7, Sections 34-4-102 et seq.

Judicial Foreclosure Available: Yes

Non-judicial Foreclosure Available: No

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

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

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.