Different Types of Foreclosures in Louisiana
According to the Louisiana Foreclosure Law statutes, there are two different types of judiciary procedures available to housing lenders. One is called the ordinary process and this happens like any other class action suit in a court of law. The other is called an executory process and can be a little trickier to get around. The reason is that this one comes with a signed assessment that tells the judge that the homeowner knew all the laws before buying the home. The document will also be notarized and signed in front of witnesses, therefore making it a binding document and making the homeowner libel for all back payments.
