Finance
Louisiana's 'homestead exemption from forced sale' protects:
AThe homestead from property taxes permanently
BA portion of a homeowner's equity in their primary residence from forced sale by certain creditors — but not from mortgage foreclosure✓ Correct
CAll property in a trust from any creditor claims
DThe homestead from any government acquisition
Explanation
Louisiana's constitutional homestead exemption from forced sale (Art. XII, Sec. 9) protects $35,000 of equity in a primary residence from forced sale by judgment creditors. However, it does NOT protect against mortgage foreclosure or mechanic's liens.
Related Louisiana Finance Questions
- In Louisiana, which federal law prohibits discrimination in mortgage lending based on race, color, religion, national origin, sex, disability, or familial status?
- A 'bi-weekly mortgage payment' plan in Louisiana reduces interest because:
- In Louisiana, what is the primary purpose of the Louisiana Housing Corporation?
- A Louisiana property has a fair market value of $200,000. At a 10% assessment ratio and a millage rate of 80 mills, what is the annual property tax?
- A buyer makes a 10% down payment on a $250,000 home. What is the loan-to-value ratio?
- In Louisiana, a 'short sale' occurs when:
- Under the Truth in Lending Act (TILA), the Annual Percentage Rate (APR) is designed to:
- A VA loan benefit is available to:
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →