Finding Foreclosure Help in Louisiana

Finding Foreclosure Help in Louisiana

Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services.

New Orleans Field Office

Department of Housing and Urban Development
Hale Boggs Federal Building
500 Poydras Street, 9th Floor
New Orleans, LA 70130

Phone: (504) 671-3001

Email: LA_Webmanager@hud.gov
Fax: (504) 671-3751

Marvel Robertson
Field Office Director

Office Hours: 8:00 a.m. to 4:30 p.m.
Monday through Friday

Shreveport Field Office

Department of Housing and Urban Development
Shreveport Office Building
401 Edwards Street, Suite 1510

Shreveport, LA 71101-5513

Phone: (318) 226-7030
Email: LA_Webmanager@hud.gov
Fax: (318) 676-3506

Martha Sakre
Field Office Director

Office Hours: 7:45 a.m. to 4:30 p.m.
Monday through Friday

Louisiana Foreclosure Laws Summary

Quick Facts:

Judicial foreclosure process is available.
Non-judicial foreclosure process is not available.
The primary security instruments are mortgages.
The timeline can vary by process, typically 60 days.
The borrower has no rights of redemption.
The lender may sue for deficiency judgements.
Lenders in Louisiana may foreclose on mortgages using the judicial foreclosure process.

Judicial Foreclosure
Louisiana has two types of judicial foreclosure process, the executory process and an ordinary process.

The executory process is used when a mortgage deal has an authentic act that imparts a confession of judgment. This is done by the borrower acknowledging to the obligations of the mortgage in the presence of a notary public and 2 witnesses. The lender may just present the original note and a certified copy of the mortgage, and the foreclosure process will proceed quicker and easier.

This process entails the lender to send a notice of demand for delinquent payments to the borrower. If the borrower is unable to come up with the payment within 3 days, the property can be put up for sale after 30 days of advertising.

Deficiency judgments may be filed but borrowers have no rights of redemption.