Legal Question in Real Estate Law in Louisiana
3rd party mortgage - state of la
Home - immovable real estate is paid for and has no mortgage that is recorded. In LA does a mortgage that actually exists need to be recorded to be valid against a third party?
Asked on 7/30/08, 3:29 pm
2 Answers from Attorneys
Johm Smith
tom's
Re: 3rd party mortgage - state of la
It needs to be recorded to keep its position in competition with other creditors but it is otherwise valid against the debtor/mortgagee.
Answered on 8/01/08, 10:27 am
Nick Pizzolatto, Jr.
Pizzolatto Law Office
Re: 3rd party mortgage - state of la
In short, yes.
Answered on 7/30/08, 3:32 pm