Avoiding Foreclosure Options

Summary

In Louisiana, you can avoid foreclosure through loan modifications, forbearance agreements, or the Louisiana Foreclosure Prevention Fund. Federal rules generally prevent foreclosure if youre less than 120 days delinquent. Consult legal counsel for personalized advice.

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I am trying to avoid foreclosure
Hi ****, I'm sorry to hear about your situation. May I know which state you're located in? This will help me provide you with more accurate information.
Louisiana
Hello ****, in Louisiana you can potentially avoid foreclosure by:
- Requesting a loan modification
- Applying for a forbearance agreement
- Seeking assistance through the Louisiana Foreclosure Prevention Fund.
You might also consider legal counsel. Please note, this is general advice and can be affected by your specific circumstances.
I have submitted a loss mitigation application and they have denied it and offered a deed in leiu of foreclosure. I do not want to do that. Can they foreclose if im less than 120 days past due?
Under the Federal Mortgage Servicing Rules, servicers generally cannot start a foreclosure until a borrower is more than 120 days delinquent. This should apply in Louisiana as well. However, this is general advice and your specific situation might affect this.