Timeline: 90 Days
Redemption: Yes
Deficiency Judgments: Yes
Judicial Foreclosure: Yes
Non-Judicial Foreclosure: Yes
Security Instruments: Deed of Trust, Mortgage

Wyoming foreclosure law allows lenders to foreclose on properties using either a Judicial or Non-Judicial Foreclosure process. Judicial Foreclosure is used when no “power of sale” clause is present in the original loan documents. The lender must sue the borrower in court and the borrower must be declared by the court to be in default. Only then can a sale of the property be held.
If the Non-Judicial Foreclosure process is to be used, a “power of sale” clause must be in the original loan documents. This clause authorizes the lender to sell the property if the borrower defaults on the loan. If the “power of sale” clause specifies the time, place, and terms of the loan, then those details must be followed.
A notice of intent to foreclose up on and sell the property must be sent to the borrower by certified mail with return receipt requested. If the borrower is unable to be located, the notice is served upon the occupants. This must be done at least ten (10) days before the notice of sale is first published.
The notice of sale must include all of the following information: the time and place of the sale, the amount the borrower is in default, the original date the mortgage was recorded, and the identities of the borrower, lender, and lender's representative.
The notice of sale must be published in a newspaper of general circulation in the county in which the property is located. The publication must run for four (4) consecutive weeks.
The sale is conducted by the lender's representative or an appointee of the county sheriff and must be held at the front door of the courthouse between the hours of 9:00 AM and 5:00 PM. The winning bidder at the auction receives a certificate of sale.
If the sale date is postponed, a notice of postponement must be published in the original newspaper that the notice was published in. The party requesting the postponement must pay the expense of running the notice of postponement in the newspaper. Publication of the new sale date must continue until the new sale date.
The borrower has the right to redeem the property by paying the purchase price at the auction plus any other prior liens, taxes, and assessments, along with ten percent (10%) interest. The redemption period lasts for three months from the date of sale.