That being said, there is one area in the U.S. that’s real estate market is still a bit of a mystery: Louisiana. With Hurricane Katrina driving so many people out of their homes and destroying still more homes (and consequently, home value), Louisiana has been focused on rebuilding itself and the New Orleans area in particular. Unlike any other state, Louisiana actually lost population in the past few years, with the 2006 census listing a population of 4,287,768 – several hundred thousand less people than in 2004, before Katrina. The state has been building back it’s economy and agricultural products such as seafood, cotton, soybeans, cattle, sugarcane, poultry and eggs, dairy and rice are being churned out as fast as possible. Also, industrial sectors are back in full swing of production, including chemical products, petroleum and coal, food processing, transportation equipment, paper products and tourism.

Even with the Katrina tragedy, Louisiana is still a center for tourism. Even a flooded, destroyed New Orleans brings in more tourists than many other areas in the U.S. The state can be broken down into 5 regions. Enjoy the world-famous New Orleans culture, music, food, architecture and love of life in the Greater New Orleans area. The most talked, sung and written about city in the Western World, New Orleans is so steeped in French and Spanish culture that some still consider it a European City. In Cajun Country you can enjoy the Creole and Cajun spice of life and spirit – while taking in the culture and a few wildlife adventures in the heart of the swamps and bayous. The Gulf of Mexico is also accessible from this area.

Plantation Country is full of old time plantations, turned into testaments of history and culture of a time when cotton was still king, as well as the capital city of Baton Rouge. At the Crossroads region (the center of Louisiana) you can enjoy outdoor adventure: hiking the National Forests, canoing, fishing, birding and hunting as well as the Native American culture that still lingers. Finally, there’s the norther region or the Sportsman’s Paradise, where woods, hills and lakes combine to provide any outdoor activity you could hope for. There’s also great nightlife, casino, gaming and entertainment venues for everyone in the area. Regardless of what you’re looking to do, you’re bound to find it somewhere in Louisiana.

The value of a home is different in every area of Louisiana, but it looks like undamaged homes are selling quickly to those who want to get back in the area. Since only undamaged homes are selling, and are in high demand, sellers have the ability to raise prices, unlike the rest of the U.S. at this point. As the state is built back up and past residents continue to move back, it seems likely that eventually Louisiana will recover, the market will become more balanced and stable, and home value will begin to appreciate again.

This may occur more particularly when you happen to purchase real estate in Louisiana, where the laws are different from other states of the US. In the process of buying real estate, you may have to interact with a variety of persons like real estate brokers, agents, bankers, mortgage officers, inspectors or other authorities whose functions you may not fully understand, before buying the property. Then there are the intricacies of real estate law, which need to be understood in order to draft the documents correctly. Several contract papers have to be signed, and a slight mistake in understanding a clause may cost you heavily.

The best course in such a situation would be to engage a Real Estate Lawyer who is conversant with laws in Louisiana. A little amount of money spent on legal fees can save a lot of loss and frustration. Real Estate Lawyers are easily available in every city and county. But you have to contact the right type of lawyer who specializes in your area of requirement. A generalist lawyer may not deliver the goods. A purchase agreement is a complicated document. Despite stringent laws, the possibility of fraud cannot always be ruled out. The property has to be accurately described. Then there are the technical terms and conditions of agreement which need to be understood. A slight error may land you in trouble, and so the best way out is to hire the services of a qualified Real Estate Lawyer.

The laws of the state of Louisiana hold that fair market value means the price that an informed seller and buyer would agree on. As far as Louisiana is concerned, the fair market value should be a price that is the highest a home could get on the open market. To determine this value, a home should be on the market for sufficient time that informed buyers could decided to buy it. These buyers should understand what the property can and cannot be used for, and so would have a good idea.

The actual dollar value that comes from the fair market value can be a very important factor in the majority of cases. These are important considerations in the following events: when a home gets priced to be sold, when someone makes an offer to buy property, when taxes are imposed on a home by local assessors, and in the case of a divorce settlement. Besides those things, the dollar amount that the fair market value represents becomes a criticalfactor in cases when homes are part of an estate and the government intends to take possession of the home through the process of condemnation. Last of all, it is interesting to note that most people have a habit of using the term “fair market value” for a wide variety of thing. It is used for a number of things such as the age, location, and many other factors that are tied in with the home’s fair market value.

To survey the Louisiana Purchase, the Public Land Survey System was adopted. This rectangular system was previously used to survey the lands in the Ohio River Valley. The official survey began in 1815 by two land surveyors, Prospect Robbins and Joseph Brown. The Louisiana Purchase survey began in what is now Arkansas. Because these lands were surveyed first, they could be sold before other western lands, which contributed to Arkansas being the third state west of the Mississippi River to be admitted into the United States. They marked the starting point using two pairs of gum trees, based on the tradition of using identifiable physical geographic features to mark survey points. Their starting point, known as the Initial Point, was located in the middle of hardwood swamp. Today, it can be seen in the Louisiana Purchase State Park.

Working out from the Initial Point, teams of surveyors working for the United States Engineers began marking township sections throughout the region. The surveyors used only a compass and a chain, and the work was slow in the wilderness of this unsettled and unexplored territory. In fact, some areas were still not yet surveyed when Arkansas became a state in 1836. Eventually, the Louisiana Purchase survey covered most of present-day Arkansas, Missouri, Iowa, North and South Dakota, and Minnesota. These surveys are continuous, and span thousands of acres of land. Many of today’s state and country boundaries in this area follow the original survey lines, part of the reason why many states in this region are nearly perfect rectangles.

Take a trip to Vacherie and tour one of the most historic places to visit in Louisiana. The Laura Plantation is a Creole sugarcane farm that is chronicled through the Memories of the Old Plantation Home by Laura Locoul Gore. Starting with the home, Maison Principale, constructed in 1805, the tour will take you on to the grounds of the plantation where 12 buildings are located. The buildings are now listed on the National Register of Historic Places. A visit to a slave cabin concludes the tour. It is said one of these cabins is where the legend of Br’er Rabbit was documented.

Take a voodoo cemetery tour when finding places to visit in Louisiana. The Saint Louis Cemetery is the home of Marie Laveau. Have you heard the legend of the voodoo queen? When touring you can find a guide if you choose. There are many that are quite knowledgeable about the history of the area. There are other cemetery and voodoo tours in New Orleans as well. Avery Island is one of the interesting places to visit in Louisiana. The island is actually a huge salt dome. Located in Iberia Parish, Louisiana, the island has a small number of people who live there. In addition to the odd make-up of the island, it is also the home of Tabasco Sauce and has been since the late 1800s when Edmund McIlhenny received a patent for his sauce.

Lafayette is the fourth largest city in Louisiana. With a strong Cajun and Creole background, Lafayette has many cultural experiences to take part in. Besides the many festivals, the food in Lafayette is delicious and enjoyable. The cultures in Lafayette make any experience there unforgettable. Further entertainment for those in Lafayette is found in the many art museums, arenas, and coliseums. Many of the museums in Lafayette provide fun for the whole family. Swamp tours offer different scenery than most tours, and you just might see an alligator or two.

Lafayette is close to many other enjoyable cities, such as New Orleans, Marksville, and Baton Rouge. Having so many fun places near Lafayette makes the stay worthwhile. Lake Charles is another hot spot near Lafayette. Lake Charles offers great golfing, sailing, and other great outdoor activities. Whether you are looking to visit Lafayette or make it your permanent residence, you are sure to enjoy your time there. The beauty, entertainment, people, and nearby attractions make Lafayette a promising place.

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For those of you more interested in the food you can grab just about anything on a stick at the Concession, Shrimp-on-a-stick, and Pork butt-on-a-stick and even Pizza-on-a-stick. Don’t forget about the delicious Cajun food available. Stands cook up Crawfish Etoufee, Red Beans and Rice with Sausage and even Gator Wings. Speaking of Gators this wouldn’t be a Louisiana State Fair without the Reptile Shows and Alligator Exhibits that have the run of the fair. Though if you are a bit squeamish you can always stick to the Carnival Midway and have fun on one of the many, many rides available.

If the heat gets to be too much for you, head indoors and check out the seller’s exhibits. All manner and variety of items are for sale or exhibited in a marketplace environment. You are guaranteed to find beef sticks and cheese for sale next to aromatherapy candles and pewter figurines. For the kids there is a coloring contest held regularly, along with animal rides and face painting and even the occasional picture on a pony. Of course most of the stuff at the fair is going to be fun for the kids.

The Hirsch Coliseum will have some form of entertainment during every evening of the state fair. Each year the State Fair Queen’s Pageant is held in there to decide who will be the Queen of that year’s fair. Also the Mexican Rodeo is held there on State Fair Hispanic Heritage Day. Most events held in the Coliseum cost extra, but there are plenty of other free stage attractions throughout the fair.

The former home owner has no right of redemption in this state. A right of redemption is a time period, allowed in most states, during which the person who lost their home to foreclosure can regain ownership of the house by paying either the amount of the loan or the price paid at the sale for the house. This option is not available in Louisiana. Even though judicial foreclosure usually takes a lot longer than non-judicial foreclosure, Louisiana has streamlined the process and it is one of the quickest states in which the bank can move towards the sale of the home. Sixty days is the average length of the foreclosure process in this state. The ordinary foreclosure process works more like a lawsuit, and is more costly and time consuming. Consequently, ordinary foreclosure is rarely used by the banks. In executory foreclosure, the bank is required to send any notification to the home owner, prior to starting the foreclosure process. The mortgage or deed of trust may have language requiring this notification. If it does not, no prior warning will be given to the homeowner.

A notice of sale must be personally served upon the homeowner in default, by the sheriff. This notice of sale must also be advertised in a newspaper with general circulation in the parish where the home is located. The sheriff is required to conduct the foreclosure sale. Anyone may bid for the home at the sale. The person making the highest bid will be deemed the winning bidder. This winning bidder must be able to pay the price the offered in cash. The same day as the sale occurred. Some exceptions are allowed occasionally. That exception would be that 10% of that winning bid price must be paid the day of the sale in cash and the remaining money to complete the purchase must be paid in the next thirty days following the sale, when the total price of the winning bid is paid, the sheriff will issue a deed to the winning bidder.

If you are adventurous and decide to head out to the oil platforms near the shore, you will be able to catch Spanish mackerel, bluefish, snapper, tripletail, bull redfish, pompano, jack crevalle, cobia and sometimes sharks. You will need to make sure you have the proper equipment for catching the more advanced gamefish species. The proper bait is also essential for whether or not you get a good day’s worth of fish. If you are unfamiliar with the flats, it is highly recommended that you acquire a knowledgeable guide when you go. The guide should be familiar with the location, the waters, the types of fish available and be able to assist you when it comes to catching the fish. The bull redfish are often suggested as good starter fishes.

The bull redfish is popular among beginners because you can carry a rod, reel and ice chest to a spot of your choosing and catch the fish rather easily. Other species of fish in the flats require that you rent a boat and have a higher level or determination. With bull redfish, you can sit back and relax. If you are considering doing a Louisiana flats fishing experience in the summer, it is highly recommended that you bring along a comfortable but easily transportable chair and an umbrella. The flats can received intense sun and become very hot so also bring along refreshing drinks and foods. Also, since it is expected that you will be fishing for quite some time, you can bring along a radio or other entertainment device when the fish are being slow to bite. Good luck and happy fishing!