Foreclosure properties in Baton Rouge, Louisiana are completed only through the legal process. It takes about 6 to 9 months for the entire process to complete. In this state it is illegal to include the power of sale clause in the mortgage agreement, and even if it has been included by the lender, it is not considered as a valid agreement. Because of this, the lender has no choice but to approach the court for a decision on the property when the borrower is defaulting. The Pre foreclosure period is long, and once the auction date is declared by the court, the auction is held within three weeks.

Foreclosure listings in Baton Rouge are the easiest and the best way to find a foreclosure property. These listings are found in the local newspaper and also on the internet. Once a property has been listed on the site, or with the listings containing details of the date of the auction, the property can be found within the listing. Also, sometimes the properties that have already been auctioned but are not yet been owned by real estate companies are also listed. These kinds of properties can be extremely good buys if people find them.

HUD listings in Baton Rouge can be easily purchased provided the buyer already has a pre approved loan on his or her name. These homes are available in the variation of single, double, three and four units. A buyer can purchase anything. The advantage of a HUD home is that the buyer can save much more on the property price than the real estate owned houses. The land and property value is much cheaper in government organized schemes. There are HUD auction properties available through listings. These properties are usually sold only through the authorized agents or companies. The institution pays the agents a commission for selling the properties.
Foreclosure properties in Baton Rouge formally begin when the lender approaches the court and files a complaint against the borrower for defaulting on the payments. The court then checks to see if the borrower can be deemed as a defaulter and after that, the court sends a notice to the borrower to pay. In case it has been concluded that the borrower will be unable to meet his commitment, then the chances are high that the property needs to be auctioned. The auction is held in the court house and the sheriff organizes the auction.

Mortgage properties in Baton Rouge are sold through auctions. The public auction is conducted at the court house steps and the winning bidder gets the property. The borrower loses all rights to the property or to reclaim it once the auction has been completed. After the sale is complete the sheriff issues a deed of sale to the winning bidder. The person who is buying should be able to pay the entire amount in cash to the sheriff. Sometimes the sale is complete when a person pays 30% of the amount and then pays the remaining in the following 10 days.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Foreclosure Auction
A foreclosure is a legal proceeding in which a bank or lender sells or repossesses a property due to the owner's inability to comply with the mortgage or deed of trust payment schedule. Banks and other lenders usually consider a mortgage to be in default when payments have not been made for several ... more...

Foreclosure Auction Success
One way to buy a property or home is through a foreclosure auction, but there are a few things you need to be careful of before you buy. You can find some incredible bargains if you know what you are doing with a foreclosure auction. This article will address some of the key aspects of making a ... more...

Interesting And Uncommon Things Found At Foreclosure Auction
What do you suppose happens to items or belongings that are financed and then not paid for. Many people buy big items that they have full intention of paying for and then something happens that prevents them from paying for it and the item becomes foreclosed or repossessed. You might be surprised ... more...

Focus on Foreclosure, Part 2 - Finding Gold at Foreclosure Auctions
In part one, we talked about how to do preforeclosure investing, which essentially means to help a homeowner stop the foreclosure process. For a variety of reasons, this strategy doesn't always work. The homeowner may wait until it's too late, may not be willing to negotiate, or may not even ... more...