The way in which a lender forecloses on a Wyoming property depends on the provisions of the mortgage agreement secured by the property. If the mortgage agreement contains a power of sale clause then the lender may foreclose on the property without judicial involvement by following the public notice and sale requirements set forth in state law or in the mortgage agreement.
However, if the mortgage agreement does not contain a power of sale clause then the lender must sue the borrower in state court and the court must decide whether the property should be in foreclosure before any public notice or sale may occur.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.