 Summary of a Wyoming Foreclosure Documents Needed to Begin Foreclosure 1. A copy of the RECORDED Deed of Trust In Wyoming, a mortgage or trust deed containing a power of sale may be foreclosed by private sale or by judicial foreclosure. Because it is more expeditious, private sale is the normal method of foreclosure. Generally, a mortgage, as opposed to a deed of trust, must be judicially foreclosed. A private trustee's sale usually begins with the law firm being designated as trustee. Based on the foreclosure report, all interested parties are notified of the sale by publication and mailing. The means of notice is a written notice. A trustee's foreclosure sale is held at the county courthouse. It cannot be held earlier than forty-five days after the notice is recorded. There is no statutory right to reinstate. Practically, up to the time of sale, this right may be extended. A trustee's foreclosure sale may only be continued from time to time by a published notice. After a trustee's sale, there is a right of redemption, in addition to that provided by federal law (e.g. IRS liens). The redemption right is for three months, unless the property is agricultural which creates a twelve (12) month redemption right. After judicial foreclosure sales, these same redemption rights exist. Deficiencies are permitted in Wyoming. |
| Wyoming Capital – Cheyenne The Equality State Non – Judicial Wyoming State Bar: 5-2952 4/93 Foreclosure * A notice of postponement must be
published. |
