How Foreclosure Works in Wyoming

Both. A mortgage that contains a power of sale may be foreclosed "by advertisement" and sale without a court case, and Wyoming law also recognizes foreclosure by court decree. Deeds of trust use the same notice of sale as mortgage foreclosure by advertisement.

For a foreclosure by advertisement: (1) written notice of intent to foreclose must be sent by certified mail, return receipt requested, to the record owner and any different person in possession at least 10 days before publication of the notice of sale begins; (2) the notice of sale must be published at least once a week for four consecutive weeks in a newspaper printed in the county (or, if none, a newspaper of general circulation there); and (3) before the first publication, a copy of the notice must be sent by certified mail to the record owner, the person in possession, and holders of recorded junior mortgages and liens. The notice must list the parties, the mortgage date and recording, the amount claimed due, a description of the property, the time and place of sale, and a warning that other liens may survive the sale.

Minimums set by statute: at least 10 days between the certified-mail notice of intent to foreclose and the start of publication, then publication of the notice of sale once a week for four consecutive weeks. The sale is a public auction held between 10 a.m. and 5 p.m. at the front door of the county courthouse (or where district court is held), conducted by the person named in the mortgage or by the sheriff. After the sale, the owner has a redemption period (see redemption_period).