A foreclosure may be followed by a deficiency judgment only if there is a:

A foreclosure may result in a deficiency judgment when there is a foreclosure with appraisement because this process involves determining the value of the property through an official appraisal prior to the sale. In Louisiana, if the value established by the appraisement is less than the amount owed on the mortgage, the lender has the right to seek a deficiency judgment to recover the difference from the borrower.

This requirement for appraisement is significant because it helps ensure that the property is sold at a fair market value, and it provides a clear basis for the lender to claim any shortfall that arises from the sale.

The other choices do not provide the basis for obtaining a deficiency judgment. Foreclosure without notice does not offer the required procedural safeguards for the borrower, while a foreclosure with a second mortgage would not inherently justify a deficiency without an appraisement. An immediate sale of the property may not meet the necessary criteria or yield a sufficient valuation that supports a deficiency claim.