Wyoming Foreclosures and Foreclosed Homes for Sale

Wyoming allows lenders to foreclose both in and out of court, depending on the terms of the existing mortgage. However, most mortgages contain power-of-sale provisions, enabling the lender to foreclose quickly, out of court. Generally, out of court foreclosures in Wyoming take two months to complete.

To begin the process, the lender must send a notice of the intent to foreclose to the borrower at least 10 days before they first publish the requisite notice of sale. Once the borrower has received the notice of intent to foreclose, the notice of sale must appear in a local newspaper once a week for four weeks.

If you're interested in purchasing a foreclosure in Wyoming, these notices of sale are valuable resource. Not only will they alert you to upcoming auctions in your area, but they will also provide you with pertinent information about the property and terms of sale. Carefully read over the notice of sale to avoid any surprises after the auction is over.

Property auctions in Wyoming are open to the general public, meaning anyone, including the lender, is welcome to place a bid. If you would like to bid, go to the courthouse on the scheduled day between 9 a.m. and 5 p.m. The property will go to the highest bidder, who will receive a certificate of purchase following the auction. If the borrower fails to redeem the property within three months by paying the purchase price plus ten percent interest and taxes, ownership will be transferred to the winner of the auction.

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