Finance
In Louisiana, 'foreclosure' (saisie immobilière) typically occurs through what process?
AA private sale arranged by the lender without court involvement
BA judicial process involving a lawsuit and sheriff's sale of the property✓ Correct
CThe lender simply takes title to the property by filing a document
DAn administrative process handled by the LREC
Explanation
Louisiana uses a judicial foreclosure process (saisie immobilière) in which the lender files a lawsuit to foreclose, and the property is sold at a sheriff's sale after obtaining a court judgment — reflecting Louisiana's Civil Law tradition.
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