Here is a summary of foreclosure laws and rules for the State of Wyoming:
- Lenders use either a mortgage or deed of trust
- Lenders use a deed of trust and foreclose by trustee sale (called a foreclosure by advertisement).
- To redeem the borrower must pay ten percent interest and any property taxes owed. A lender can sue for deficiency.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Wyoming those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
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