Louisiana foreclosure listings represent potential and opportunity for the right investor. Foreclosure listings in Louisiana can point you in the right direction, whether it's a 3-bedroom home in Lake Charles or coastal property you're after.

In foreclosures, Louisiana ranks 43rd among all states but there remains opportunity. Investors can find bargains in Louisiana foreclosures with the ability to make a quick profit. Most can purchase homes foreclosed in Louisiana for 20% to 30% below market value.

Louisiana foreclosures operate through the judicial foreclosure process, meaning it takes court action. In general, there are 3 stages of foreclosure:

1. Pre-foreclosure: In foreclosures, Louisiana lenders are not required to notify the homeowner before filing for foreclosure. Once a petition is filed, the homeowner is notified and has 3 days to pay the default amount before the court orders seizure and sale of the property.

2. Auction: The notice of auction of foreclosure properties in Louisiana must be published twice in a newspaper in the same area where the property is located. Anyone may bid, including the default homeowner. The winning bidder must pay the day of the sale or may have within 30 days to pay if he puts a 10% deposit down.

3. Bank-owned: When the lender takes on foreclosure homes in Louisiana, a broker or real estate agent may handle the sale.


Action Steps
The best contacts and resources to help you get it done

Tips & Tactics
Helpful advice for making the most of this Guide

• Louisiana's foreclosure proceedings are handled through the courts. As such, it may take longer to work through the process than in other states. The typical time line for a foreclosure is anywhere from 6 to 9 months.

The official source of Louisiana Foreclosure Listings is
the Louisiana Foreclosure Listings page at Business.com