Louisiana Foreclosure Laws

[edit] Attorney General’s Office

P.O. Box 94005

Baton Rouge, LA 70804-9005

Ph: (504) 342-7013 Fax: (504) 342-7335

First Legal Action: Petition for Executory Process

Time Frame from 1st Legal Action to Sale Action: 60 days- 6 Months

Final Legal Action: Sale Date

Judicial Foreclosure Available: Yes

Non-Judicial Foreclosure Available: No

Method Primarily Used: Judicial

Security Instruments: Mortgage

Right to Redemption*: None.

Deficiency Judgments Allowed: Yes

Foreclosure Postponement Available: Yes

Super Lien State:

Certified Breach Letter State: Yes

Lender Retains Copy of the Breach Letter: No

Eligible for Tax Advance Repayment Plans: Yes

Statutory State: No

*A borrower’s right to repurchase property lost in foreclosure sale.

- A judgment against ones person making the borrower responsible for the remaining balance on the loan after a foreclosure/sheriff sale.