Search Guide

Wyoming Foreclosure Laws

Jun 06, 2013 - 2 Min read
Real Estate Expert

Foreclosure Process Overview

Wyoming foreclosures are carried out either in court or out of court. The foreclosure process usually takes about two months, not including a redemption period of three months after the foreclosure sale.

Judicial Non Judicial Comment Process Period Publish Sale Redemption Period Sale/NTS
Non-judicial mostly 60 days 25 days 90-365 days Sheriff

Pre-foreclosure Period

In Wyoming, if no power of sale is included in the mortgage, foreclosure is conducted through the court system. Once the court declares a foreclosure, the property is put up for sale. However, when a power-of-sale clause is written into the mortgage, the lender has the right to sell the property without initiating court action to pay off the balance of the loan in the event of default.

In either case, written notice of the intent to foreclose on a property must be delivered to the borrower at least 10 days prior to the first publication of the notice of sale.

Notice of Sale / Auction

The notice of sale must be published in a local newspaper at least once a week for four consecutive weeks.

Foreclosure sales in Wyoming are handled by public auction, with the property going to the highest bidder. All sales are at the front door of the courthouse in the county where the property is located. The sale takes place between 9 a.m. and 5 p.m., and is conducted by the person appointed by the county sheriff. Anyone, including the lender, may bid and the highest bidder receives a certificate of purchase. If the borrower does not redeem the property during the redemption period, the winning bidder receives full ownership.

The borrower has three months after the date of the sale to redeem the property, provided that they pay the amount of the purchase price from the auction plus an interest rate of 10 percent and any taxes due.

More Resources

Learn how to prevent a home foreclosure
Get help stopping a home foreclosure
Search foreclosures in Wyoming
Learn how to buy foreclosures

You might also like
Alabama Foreclosure Laws
3 min read Alabama Foreclosure Laws Under Alabama (AL) foreclosure laws, both judicial and nonjudicial foreclosures are permitted. Alabama is generally considered a nonjudicial foreclosure state, so most foreclosures take place outside of court after a homeowner has defaulted on their mortgage loan and the Alabama pre-foreclosure process has been completed. The typical Alabama foreclosure takes between two and three months. […]
Alaska Foreclosure Laws
2 min read Alaska Foreclosure Laws Foreclosure Process Overview Both in-court and out-of-court foreclosures are available in Alaska, but most foreclosures are done out of court. The typical out-of-court foreclosure takes 3-4 months. Judicial Non Judicial Comment Process Period Publish Sale Redemption Period Sale/NTS • • Judicial rarely 105 days 65 days 365 days* Trustee * Judicial foreclosures only Pre-foreclosure Period […]
Arizona Foreclosure Laws
3 min read Arizona Foreclosure Laws Foreclosure Process Overview Both judicial (in-court) and non-judicial (out-of-court) foreclosures occur in Arizona, although judicial foreclosures are not common in the state. The typical timeline for an non-judicial foreclosure is at least three months from the date the first notice of foreclosure sale is filed to the date of the actual foreclosure sale. Judicial Non […]