5.2.1 General Principles

If the foreclosed mortgage is guaranteed by a federal agency or a Government Sponsored Entity (GSE), requirements in addition to those provided by Louisiana law will govern the state court foreclosure action. Although by the time a mortgage is foreclosed in state court, most clients have either failed to take advantage of programs available to them, or they will have applied for modification and been denied, the following sections will discuss some aspect of those programs in the following sections.