Behind on Payments or Facing Foreclosure in Louisiana? Here’s What to Do Next

Understanding the Foreclosure Process in Louisiana

Louisiana uses a process called executory proceedings — which means foreclosure can move more quickly here than in many other states.

Typical Foreclosure Timeline

• 30 days behind: Late notices begin
• 60–90 days behind: The lender may send a “Notice of Default”
• After notice: Attorney begins foreclosure process
• Sheriff sale scheduled: A judge signs the order
• Sheriff sale occurs: Property is auctioned

Once the sale occurs, the bank takes possession — and your equity is gone.

This is why many homeowners choose to act before the Sheriff sale date.

Common Reasons Homeowners Fall Behind

We help people facing foreclosure because of:

• Job loss or reduction in hours
• Unexpected medical bills
• Divorce
• Increased monthly mortgage payment
• ARM loan resets
• Tenants not paying rent
• Major repairs or storm damage
• Death of a spouse
• Rising cost of living
• Unexpected expenses

Whatever the reason — you’re not alone and you’re not out of options.

Your Options to Avoid Foreclosure

Louisiana homeowners have several paths depending on timing, equity, and the condition of the home.

Option 1 — Loan Modification or Payment Plan

Your lender may allow you to:

• Re-age your loan
• Extend the term
• Temporarily reduce payments
• Add missed payments to the back of the loan

Good option if:

• Your income is stable again
• You can resume payments
• The home is in good condition

Option 2 — Forbearance

A temporary delay in payments (common after natural disasters).
Keep in mind: You still owe everything afterward, often in a lump sum.

Good option if:

• You had a temporary financial hardship
• You can catch up once the forbearance ends

Option 3 — List the Property With a Realtor

If you have time before the Sheriff sale and the home is in good shape, listing with a Realtor may allow you to sell and protect your equity.

👉 Recommended Partner: Alyce Cartier – Northshore Realtor
She can guide you through pricing and working with the lender.

Best when:

• You have equity
• The home is clean and updated
• You have time for inspections and appraisals

Option 4 — Sell the Home As-Is Before the Auction (fastest and most common)

This option allows you to:

• Stop the foreclosure
• Avoid credit damage
• Walk away with any remaining equity
• Sell without repairs, fees, or agent commissions
• Close before the Sheriff sale date
• Move on cleanly and start fresh

We buy properties in any condition, including homes with:

• Past-due payments
• Code violations
• Storm damage
• Major repairs needed
• Problem tenants
• Vacant or abandoned status

Good for:

• Fast action needed
• No money for repairs
• Wanting to stop the foreclosure immediately

Will Selling the Home Stop Foreclosure?

YES — once the home sells and the mortgage is paid off at closing, foreclosure stops immediately.

We coordinate with your lender to:

• Request a short payoff
• Inform them the home is under contract
• Provide proof of funds
• Expedite closing
• Stop the Sheriff sale (if still possible)

What If the Home Needs Repairs?

No problem — we buy houses as-is, even if they have:

• Leaks or roof issues
• Foundation cracks
• Termite damage
• Flood or hurricane damage
• Mold
• Old electrical or plumbing
• Bad tenants
• Back taxes or liens

You make zero repairs.

Areas We Help Homeowners Facing Foreclosure

St. Tammany Parish

Mandeville, Covington, Slidell, Madisonville, Abita Springs, Lacombe, Pearl River, Folsom, Bush, Sun, and surrounding areas.

Tangipahoa Parish

Hammond, Ponchatoula, Amite, Tickfaw, Independence, and nearby communities.

If you’re behind on payments anywhere in the Northshore region — we can help fast.

Frequently Asked Questions (FAQs)

Can foreclosure be stopped?

Yes. Selling or catching up payments stops it immediately.

Can I sell my home after receiving a Notice of Default?

Yes — until the moment the Sheriff sale is completed.

What if I owe more than the home is worth?

We can discuss short sale options with your lender.

Do I need to clean or repair anything?

No — we buy as-is.

Will selling fast ruin my credit?

No — stopping foreclosure protects your credit from major damage.

Need to Stop Foreclosure Fast? We Can Help Today.

Whether you have plenty of time or the Sheriff sale is approaching, we can give you a fast, no-obligation offer and explain your options.

📱 Call or Text: 985-231-2561
📩 Request a Cash Offer: