Louisiana Foreclosures - 51,399 Foreclosure Listings

Foreclosure Homes in Louisiana

There are currently foreclosed homes listed in Louisiana. Why should you consider buying a foreclosure property in Louisiana? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Louisiana when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Louisiana, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Louisiana that you want to look for a property below. Then search through all distressed real estate listings in Louisiana for the amazing deal that’s right for you.

Louisiana Foreclosure Laws

Louisiana uses both judicial and nonjudicial foreclosure processes, depending on the loan documents and situation. Many loans are secured by mortgages. The timeline can vary widely based on which process is used and whether the borrower contests the case. Deficiency balances may sometimes be pursued after the sale.

Foreclosure Type Process

Judicial
Mortgage Instrument Security Type

Mortgage. Uses civil-law mortgage instruments only.
Typical Timeline Duration

6-12+ months typical
Deficiency Judgment

Deficiency limited; fair market value appraisal required
Redemption Period Owner Rights

Limited redemption rights.
Process Summary

Louisiana uses a judicial foreclosure system based on civil law. Most foreclosures proceed through an expedited executory process requiring court approval.
Notice / Timing Statute

Louisiana Code Civil Procedure Art. 2631 et seq. (executory process foreclosure)
Redemption Statute(s)

Louisiana Revised Statute § 13:4106 (no redemption in executory process)
Deficiency Statute(s)

Louisiana Revised Statute § 13:4106 (deficiency limited to debt minus fair market value)

How to Buy a Foreclosure in Louisiana

To buy a foreclosure in Louisiana, search for sheriff' sale notices, MLS listings, and parish records. Louisiana uses judicial foreclosure; be aware of statutory redemption periods. Secure financing or proof of funds prior to sale. Perform title and condition checks. Attend the sheriff' sale and ensure all payment steps are completed.

What type of foreclosure is used in Louisiana?

The type of foreclosure in Louisiana is Judicial

Is there a redemption period in Louisiana?

Limited redemption rights.

Are deficiency judgments allowed in Louisiana?

Deficiency limited; fair market value appraisal required in Louisiana

How do you buy a foreclosure in Louisiana?

To buy a foreclosure in Louisiana, search for sheriff' sale notices, MLS listings, and parish records.