If you fall far enough behind on your mortgage payments in Wyoming, your loan servicer (on behalf of the lender or the subsequent loan owner, called an “investor”) will start a foreclosure, most likely a nonjudicial one. Wyoming law sets out the specifics of the nonjudicial foreclosure process.
After the servicer completes the steps that state law requires (assuming you don’t successfully fight the foreclosure or work out a way to avoid it), your home is sold to a new owner at a foreclosure sale.
Here’s a detailed description of what usually happens in a Wyoming foreclosure so that you know what’s supposed to happen and what you can do if you want to try to save your home.
When Does Foreclosure Start in Wyoming?
If the property is the borrower’s principal residence, in most cases, federal law requires the servicer to wait until the loan is more than 120 days overdue before officially starting the foreclosure. This 120-day preforeclosure period is a good time to apply for loss mitigation if you want to try to prevent a foreclosure.
In some limited situations, though, the foreclosure can start earlier, like if you violated a due-on-sale clause or if the servicer is joining the foreclosure action of a superior or subordinate lienholder. (12 C.F.R. § 1024.41 (2025).)
Your Rights Under Federal Foreclosure Laws as a Wyoming Homeowner
After you fall behind on your payments, federal mortgage servicing laws require the servicer to establish (or make good faith efforts to establish) live contact with you no later than 36 days after the delinquency and again within 36 days after each subsequent delinquency. The servicer has to tell you about loss mitigation options, like a loan modification, short sale, or any other alternatives to foreclosure that might be available. The servicer has to provide loss mitigation information in writing, too. (12 C.F.R. § 1024.39 (2025).)
These early intervention requirements are just a few of the many federal laws that protect borrowers who are behind in their mortgage payments.
Overview of the Nonjudicial Foreclosure Process in Wyoming
Again, Wyoming foreclosures typically go through a nonjudicial process. Judicial foreclosures can also happen but are uncommon.
To begin a nonjudicial foreclosure, the bank publishes a notice of sale in a newspaper once a week for four consecutive weeks before the sale. (Wyo. Stat. § 34-4-104 (2025).) At least ten days before the first publication, the bank has to send you (the homeowner), by certified mail, a notice of intent to foreclose. (Wyo. Stat. § 34-4-103 (2025).)
Also, before the first publication date, the foreclosing bank has to send a copy of the notice of sale by certified mail to you and other parties. (Wyo. Stat. § 34-4-104 (2025).)
Foreclosure Alternatives: Options to Avoid Losing Your Home in Wyoming
While Wyoming law doesn’t give the borrower the right to stop a nonjudicial foreclosure sale by reinstating the loan, many mortgage contracts give the borrower the right to reinstate. Check your contract to see if you get the right to complete a reinstatement. If not, the bank might agree to let you reinstate the loan.
Or you might qualify for an alternative to foreclosure after applying for a loss mitigation option.
You might also consider filing for bankruptcy. Filing for Chapter 7 bankruptcy can delay the foreclosure for a couple of months and eliminate other debts. But if you're behind in mortgage payments when you file, you probably will have to give up the home. If you want to keep your home and you're behind in payments, filing for Chapter 13 bankruptcy might allow you to keep it through a repayment plan. To find out about the options available, speak with a local bankruptcy attorney.
Does Wyoming Offer a Redemption Period After Foreclosure?
In some states, a foreclosed homeowner has the right to redeem the home by paying off the full price paid at the sale, plus interest and costs, within a specified amount of time following a foreclosure.
Under Wyoming law, a foreclosed homeowner may redeem the home within three months from the sale date, or twelve months from the sale date, if the property is agricultural. (Wyo. Stat. § 1-18-103(a),(b) (2025).)
As of July 1, 2019, Wyoming law gives the purchaser from the foreclosure sale a limited right to inspect the home during the redemption period. The purpose of this law is so that the purchaser can ensure that the property doesn’t significantly deteriorate during the full redemption period. Under the law, “limited right of entry” means entrance into a premises that’s not occupied by a legal inhabitant. (Wyo. Stat. § 1-18-111 (2025).)
Deficiency Judgments in Wyoming: What Happens If the Foreclosure Sale Falls Short?
When a foreclosure sale fails to bring in enough to repay the mortgage debt, including fees and costs, the difference between the sale price and the total debt is called a “deficiency balance.” Many states, including Wyoming, allow the bank to get a judgment called a “deficiency judgment” for this sum against the borrower.
If you go through a Wyoming foreclosure, the bank may get a deficiency judgment by filing a lawsuit after the nonjudicial foreclosure. (Wyo. Stat. § 34-4-113 (2025).)
Get Legal Help: Talk to a Wyoming Foreclosure Attorney or Housing Counselor
While this article provides an overview of a typical foreclosure in Wyoming, keep in mind that state and federal foreclosure laws are complicated, and cases can proceed differently depending on the circumstances. Also, servicers and banks sometimes make mistakes or skip steps, but most foreclosure errors go uncontested. In cases where the servicer or foreclosing bank omitted a required step, made an error, or violated state or federal foreclosure laws, you could have a defense that could force it to start the foreclosure over, or you might have leverage to work out an alternative.
If you believe your rights were violated, talk to a local foreclosure attorney or legal aid office immediately. A lawyer can give you information about different ways to fight the foreclosure in court, as well as tell you about various ways to avoid a foreclosure, like with a loan modification. If you can't afford to hire a lawyer, Legal Aid of Wyoming provides free civil legal help to low-income individuals in Wyoming.
A HUD-approved housing counselor can also provide you with helpful information (at no cost) about ways to prevent a foreclosure.