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If you are facing foreclosure in Louisiana, it will most likely be an “executory” proceeding. The foreclosing lender files a foreclosure petition with the court and the court orders the property seized and sold. Unlike a judicial foreclosure (where a regular lawsuit is filed), you can oppose the foreclosure only by appealing or bringing a separate lawsuit. If you lose your home to foreclosure in this manner and the sale proceeds do not cover the remaining balance on your mortgage, the lender can sue you to recover the difference (called the deficiency).
Unlike some states, South Carolina doesn't have any special foreclosure mediation programs or funds to assist those going through foreclosure. However, you may qualify for any number of federal loan modification or assistance programs. To learn more about these and other alternatives to foreclosure, visit our Foreclosure Center.