Experienced Sheriff's Sale Attorneys
With the economic climate in Louisiana ever-changing, it comes as no surprise that many residents find themselves falling behind on debt payments. Whether it be credit card bills, car loans, or mortgage payments, it may seem as if there is always a bill that requires immediate payment. Unlike unsecured consumer debts that are not associated with a tangible item, secured debts like mortgages and car loans are linked to your home and vehicle. If you fall behind on these payments, lenders have the right to repossess your vehicle and foreclose your home. A sheriff’s sale is likely to occur once your mortgage lender obtains a final judgment in a foreclosure case. It is vital that you seek the legal counsel of a Louisiana bankruptcy attorney as soon as you are made aware of such an occurrence. If not, you can expect an irreversible sheriff’s sale to follow. By filing for a Chapter 13 bankruptcy with the help of a Louisiana bankruptcy attorney, you can stop a sheriff’s sale.
The Sheriff’s Sale Process in Louisiana
An “executory proceeding” is the most common foreclosure process in Louisiana. The pursuit of this kind of foreclosure is only possible if mortgage documents include a signed agreement between the lender and the homeowner. The agreement details that if the individual fails to make payments, he or she agrees to an unfavorable judgment. When the time comes, the lender will only need to file a petition to the court with the mortgage documents, and the judge will rule the property seized and sold.A sheriff will then come out to the home and leave a notice of the foreclosure with either the homeowner or a resident of an appropriate age. The notice will include the time and date of the foreclosure as well as a mention of free housing counseling services. The date of the foreclosure must be at least 60 days after the court signed off on the foreclosure. Three days after the sheriff serves the notice, he or she will be able to post the \"for sale\" advertisement at least twice on both digital and print platforms.
How a Louisiana Bankruptcy Attorney can Help
With such an expedited foreclosure process in Louisiana, it is vital that you acquire the legal services of an experienced attorney early on. The faster you reach out to us, the faster we can start filing your bankruptcy and help you save your home. In Louisiana, you do not have the right of redemption or to reinstate, so after you lose your home, there’s a major possibility that you may not get it back.Make sure you choose an experienced attorney who you can trust. E. Orum Young Law Offices has filed the most bankruptcies in Northeast Louisiana and fully understands what it takes to make it through the bankruptcy process successfully. Our Trial Guarantee ensures that we will take your case to trial if you are dissatisfied with the results. Contact us today for a free case evaluation.
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