All foreclosures in Switzerland

Local Auction is the leading online platform for foreclosures in Switzerland. We offer a comprehensive overview of all upcoming auctions. With Local Auction, you can search for properties, get information on auction dates, and view all relevant documents.

The process is legally regulated and involves the following steps:

1. Debt collection: The creditor initiates a collection process if the debtor fails to pay.
2. Collection request: The debt collection office issues a payment request to the debtor.
3. Continuation request: If payment is not made, the creditor files a continuation request.
4. Property valuation: An independent appraiser determines the market value of the property.
5. Auction announcement: The foreclosure is publicly announced.
6. The auction: Interested parties can place bids; the highest bidder wins the auction.
7. Ownership transfer: After payment, ownership is transferred to the buyer.

Any legally competent person can participate in an auction and place bids. All you need is a valid ID and a deposit of 10–20% of the purchase price.

• Gather information: Obtain all relevant documents such as auction terms, lien register, and land registry extract.
• Property inspection: Check the condition of the property and have it inspected by an expert if necessary.
• Clarify financing: Secure financing in advance and get written confirmation from your bank.
• Develop a strategy: Set a maximum bid and stick to it.
• Gain experience: Attend previous auctions to familiarize yourself with the process.