Wyoming foreclosure

The Wyoming foreclosure process can be either judicial or non-judicial. If no power of sale clause is found in the mortgage, then the judicial foreclosure process is used. To carry out the judicial foreclosure process, the lender must file a lawsuit in the courthouse of the county where the property is located.

At the hearing, the judge will determine how much you'll need to pay to bring the loan current and avoid the foreclosure.

You'll also be given some time to pay this. If you don't pay in the time allowed, the judge will allow the sale to go through. The property will be sold at auction to the highest bidder.

In cases where the lender has inserted a power of sale clause in the mortgage, the non-judicial foreclosure process is used. If the power of sale clause lists the time, place and terms of the sale, then those terms are used.

If the terms are not listed in the power of sale clause, then the non-judicial foreclosure process will proceed as follows:

1. A written notice must be sent to the borrower and any occupants via certified mail, return receipt. This notice must let the borrower know that the lender intends to foreclose on the property.
   
   It must list the name of the borrower and lender, the date of the mortgage, date when the mortgage was recorded, the amount owed, a description of the property and finally, the time and place of the sale.


2. At least 10 days after the notice is received, the lender will need to publish this notice once a week for 4 consecutive weeks in a newspaper of the county where the property is located.


3. The sale must be held between the hours of 9:00AM and 5:00PM at the courthouse of the county where the property is located.