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Louisiana Foreclosure Law

HomeForeclosureLouisiana Foreclosure Law

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

  • The foreclosure process can be carried out either through executory or ordinary processes.
  • 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.
  • Compared to normal processes, the executory process is far more comfortable and convenient to execute and carry out.
  • The lenders are provided with an entitlement to file for a deficiency judgment. However, buyers will be left without any rights for redemption.

Read this for more information on How to prevent foreclosures?

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