If you are facing foreclosure in Louisiana, you will almost certainly face a “executory” action. The foreclosing lender files a foreclosure petition with the court, and the court seizes and sells the property. In contrast to a judicial foreclosure (in which a standard lawsuit is filed), you may only fight the foreclosure by appealing or filing a separate case. If you lose your house in this way and the selling profits are insufficient to meet the outstanding debt on your mortgage, the lender may sue you to collect the difference (called the “deficiency”).
Louisiana Foreclosure Procedures and Laws
Learn about the stages involved in a Louisiana foreclosure, including pre-foreclosure procedures, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Louisiana Foreclosure Law Articles
In Louisiana, Deficiency Judgments Following Foreclosure
After a foreclosure in Louisiana, may your lender get a deficiency judgment against you?
HOA and COA Foreclosures in Louisiana
If you fail to pay your COA or HOA assessments in Louisiana, the association may get a lien on your property and foreclose on it.