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Louisiana Foreclosure Law

HomeForeclosuresLouisiana Foreclosure Law

The Louisiana Foreclosure Law permits only the judicial foreclosure which considers the mortgage agreement as the primary security agreement.

  • The foreclosure process can be carried out either through executory or ordinary process.
  • The executory process will take place where the obligations of the mortgage are signed and acknowledged by the borrower in the witness of a notary public.
  • Considered to ordinary process, executory process is far easier and convenient to execute and carry out.
  • The lenders are provided an entitlement to file for deficiency judgment however, buyers will be left without any rights for redemption.

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