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Wyoming 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. |
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