EuroCalc

Was ist Zwangsverwertung?

Die Zwangsverwertung ist das rechtliche Verfahren, mit dem die Bank eine belastete Liegenschaft zurücknimmt, verwertet und mit dem Erlös den offenen Hypothekarsaldo deckt, wenn der Schuldner die Raten nicht mehr bedient.

Procedures vary: judicial foreclosure goes through the courts (slower, more borrower protections), non-judicial foreclosure follows a power-of-sale clause in the deed of trust (faster, common in the US South and West). Switzerland uses a federal debt-enforcement procedure (Betreibung) ending in a public auction.

Foreclosure devastates the borrower's credit (a 7-year mark on US reports), often results in deficiency judgments if sale proceeds fall short, and removes the borrower from the home. Loss mitigation tools — loan modification, forbearance, short sale, deed in lieu — try to avoid the worst outcome.

Beispiel

A borrower three months in arrears receives a notice of default; if cure does not happen within the statutory period, the property is auctioned and the borrower is evicted.

Verwandte Begriffe

Häufige Fragen

How long does foreclosure take?+

From 4 months (non-judicial) to over a year (judicial), depending on jurisdiction and contestation.

Can I stop foreclosure?+

Yes — bring the loan current, negotiate a modification, sell the home before auction, or file bankruptcy to delay proceedings.

What is a short sale?+

Selling the home for less than the loan balance, with the lender's approval, to avoid foreclosure.