 Wyoming Mortgage Loan Modification Guidelines
When you develop a definite plan of action with well-timed, well-informed
steps, you can stop the foreclosure process and save your home. We have
outlined the foreclosure process for the state of 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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