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Louisiana Foreclosure Laws

Summary:

Judicial Foreclosure	Yes
Non-Judicial Foreclosure	No
Security Instruments	Mortgage
Right of Redemption	No
Deficiency Judgments	Yes
Time Frame	Usually 60 days

Judicial foreclosure in Louisiana takes two forms. First is the typical process in which the lender must sue the borrower in court and obtain an order to foreclose.

The second is called the executory process in which the mortgage document contains a “confession of judgment” which can then be executed in the event of default. The court then issues an order to foreclose, issues a demand for payment of the delinquent amount and gives the borrower three days to cure the default. If the borrower fails to do so, the court then issues a writ of seizure and sale.

The sale must be advertised for 30 days, and then the property may be sold at auction. The lender may then sue again for any deficiency balance, and the borrower has no right of redemption.

Attorney General's Office
P.O. Box 94005
Baton Rouge, LA 70804-9005
Ph: (504) 342-7013
Fax: (504) 342-7335

This information is to give a general idea of the foreclosure laws in each state. The information is not guaranteed to be correct. State laws can change or some errors may have been made. Please use this only as a guide.