Loan Modification
reduce your monthly mortgage payment(s).

Read more

Stop The Sheriff Sale
Stop the sale immediately and get a better payment.

Read more

No Deficiency Judgments Walk away with cash in your pocket and no judgments.

Read more

Join Now For Complete Access

Foreclosure Evaluation & Ebook

  • Evaluate Your Situation (Form Below)

    Not many people know how to find the right solutions for their problem. This process will save time and answer many of your questions.

  • Explore All Possible Options

    After the evaluation, you will understand every possible option available for your exact situation. No more searching or worrying about finding a solution.

  • Avoid Further Loss or Judgments

    Regardless of what option you choose, our process takes every possible precaution to help you avoid further losses or deficiency judgments.

  • Recovery From Foreclosure

    Regardless of whether you keep your home, or walk away, we will take steps to help your credit and start the financial recovery.

  • Full Support & Accountability

    We take the problems of our visitors very seriously. We know your financial future is at risk and we pledge our full support to help you through these tough times.

Louisiana Foreclosure Laws

Expected Timeline: Two to six months
Security Instrument: Mortgage
Type of Process: Judicial "executory" proceeding
Protections for Servicemembers: La. Rev. Stat. Ann § 29:315
Time to Respond: Noice of sale is part of petition posted on property.
Reinstatement Period: None.
Protections for High-Cost Mortgages: None.
Redemption Period: None.
Eviction Process: Sheriff may seize property without notice after court grants writ of seizure and sale.
Deficiency Judgments: Allowed.
Limits on Deficiency Judgments: Deficiency only allowed in ordinary proceeding or executory proceeding if property has had an appraisal done under the state regulations.
Cash Exempted in Bankruptcy: None.
State Statutes: La. Code Civ. Proc. Ann. Arts. 3721 to 3753, 2631 to 2772

There is no Non-Judicial Foreclosure process in Louisiana , and the original loan documents will not contain a power of sale clause, pre-authorizing the lender to sell the property in the event of a default. Judicial Foreclosure procedures in Louisiana can take two forms.

The first form requires the lender to sue the borrower on default of the loan, and obtain a court order to foreclose on the property.

The second form is called an executory process. This process requires the original mortgage documents to contain a �confession of judgment� clause, which can be executed if the borrower defaults on the loan. The court issues an order to foreclose and issues a demand for payment of the delinquent amount from the borrower. The borrower has only three (3) to cure the default, and if the borrower can not cure the default in the time given, the court issues a writ of seizure and sale.

With either form used, the sale must be advertised for (30) days before it is sold at a public auction. If the property does not sell for an amount that would pay off the original balance due plus costs, the lender has the right to sue the borrower for a deficiency judgment. The borrower has no right to redeem the property after the sale.