Here is a summary of foreclosure laws and rules for the State of Louisiana:
- In Louisiana foreclosure law requires lenders to foreclose with judicial foreclosure. However, Louisiana is the only state that follows the Napoleonic Code.
- In Louisiana there are two types of foreclosure: “ordinary” and “executory.” The executory foreclosure is quicker but requires the borrower to confess judgment.
- There is no right of redemption.
Much more information is available throughout this website, but for definitive advice ask a Louisiana lawyer.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Louisiana those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.