Stop Foreclosure Louisiana

Did you know there are several programs that can help save your Louisiana home and stop the impending foreclosure? Loss Mitigation Agencies, such as ours, are experts in these programs and have assisted thousands of homeowners by providing straight answers and viable solutions.

Sometimes things beyond your control can put you into a financial bind that makes it hard to keep up with your mortgage payments. Don't let a missed mortgage payments in Louisiana LA turn into default, mortgage foreclosure or eviction.

You and your family can rely upon us to provide guidance, comfort and assurance through this current situation. Let us reduce your stress and put you at ease.

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Louisiana LA Foreclosure Laws

Lenders in the state of Louisiana may foreclose on a mortgage in default using the judicial foreclosure process, of which there are two types: executory and ordinary.

Judicial Foreclosure

A judicial process of foreclosure requires that the lender file a lawsuit and attain a court order to foreclose on a particular property.

The executory process occurs when the lender uses a mortgage document that includes an "authentic act that imparts a confession of judgment". In plain English, this means the borrower signed and acknowledged the obligations of the mortgage in the presence of a notary public and two witnesses. With this process, the court will typically issue an order for the foreclosure process to begin after the lender files the original note and a certified copy of the mortgage with the court.

Once the court issues the order, the borrower is served with a demand for the delinquent payments. The borrower has three (3) days to provide the delinquent payments or the court will order a writ of seizure. After being advertised for thirty (30) days, the sale proceeds and the property is sold.

The buyer has no rights of redemption. The lender may pursue a deficiency judgment if so desired.

The ordinary process works more like a lawsuit and is often more extensive and costly. This foreclosure process typically lasts about nine (9) months.

Legal Information Is Not The Same as Legal Advice This site provides information about Louisiana state foreclosure law designed to help users safely cope with their own legal needs and possible find alternatives. Everyone's legal status is different. The laws of every state are in constant change and we recommend you consult a lawyer.