Here is a summary of foreclosure laws and rules for the State of Louisiana:
- Lenders foreclose with judicial foreclosure. However, Louisiana is the only state that follows the Napoleonic Code.
- Their two types of foreclosure are “ordinary” and “executory.” The executory foreclosure is quicker but requires the borrower to confess judgment.
- There is no right of redemption.
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.
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