|
If you do not FULLY understand the foreclosure process outlined on this page and how it may apply to you please take advantage of our FREE consultation by clicking here.
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
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. |
