Does Louisiana have laws that can stop a foreclosure?

How to stop foreclosure in Louisiana includes fighting in court. One option is responding to the foreclosure complaint your lender files against you. When using this option you can prove a variety of things. For example, you can prove that the lender didn’t follow Louisiana procedural requirements for bringing the foreclosure action against you. Another way to stop a foreclosure is proving that the lender engage in unfair lending practices.

Another option for stopping a foreclosure is filing bankruptcy. Bankruptcy is the only option that literally stops the foreclosure process through an automatic stay. The stay starts when your bankruptcy petition is filed and remains until your case is discharged or dismissed.  More specifically, you should file chapter 13—not chapter 7—because allows you to repay the money you owe over a three to five year period through a repayment plan. The repayment plan consists of an amount of money you must pay each month to a bankruptcy trustee. The trustee distributes the monthly payments to your creditors (which includes your lender). This means that there will be no need for the lender to foreclose because you’re paying the money back. However, in order for the chapter 13 to work, you must pay your monthly mortgage payments. In fact, you must also keep them current.  

Foreclosure is extremely complicated. Thus, it’s important to seek legal help regarding stopping the foreclosure. A lawyer will explain all the options you have to keep your home.