Louisiana Foreclosure Timeline and Laws

Louisiana Foreclosure Process and Procedure

If you default on your mortgage, your lender can institute foreclosure proceedings against you and auction your property at a foreclosure sale.

Louisiana foreclosures are conducted by judicial foreclosure proceedings. There are two types of judicial foreclosure, ordinary process, which is a contested litigation, and the executor confession of judgment, which uses a pre-existing confession of judgment where the borrower acknowledged the obligations of the mortgage in the presence of a notary public and two witnesses, and is authenticated through judicial process.

Louisiana does not allow non-judicial foreclosure proceedings.   

Notice Requirements for Foreclosure in Louisiana

The notice of sale is personally served on the borrower by the sheriff, and published two times in a newspaper in the parish where the property is located.

A borrower whose foreclosure action is brought under executor process receives a three day notice upon default. If the loan is not brought current, the property is advertised once a week for thirty days and then sold.

Louisiana Deficiency and Anti-Deficiency Laws

The lender may obtain a deficiency judgment if the property is sold at foreclosure auction for less than the loan amount.

Louisiana Redemption Rights

Louisiana has no post-sale statutory right of redemption.

Louisiana Assistance, Special Programs, Government Help, and Law Updates

Foreclosure Programs:

• Louisiana Foreclosure Avoidance Counseling -HUD
• The Home Affordable Mortgage Modification Program
• The Home Affordable Refinance Program
• The Home Affordable Foreclosure Alternatives Program
• FHA Secure
• Hope for Homeowners

Foreclosure Lawyer

Louisiana foreclosure laws are complex. It is recommended that you consult with a foreclosure lawyer who can advise you about options to avoid foreclosure including refinancing, reinstatement, deed in lieu, mortgage modification, short sale or bankruptcy.