Foreclosure & distressed sales centre

What counts as a distressed sale

• Bank repossession after a mortgage default
• Court-ordered auction (vente aux enchères) under the OHADA Uniform Act on debt recovery
• Urgent sales by owners who must sell quickly

How court auctions work

The creditor publishes a specification of sale (cahier des charges). Bidders register, pay a deposit and bid at the court hearing. The highest bidder receives an adjudication judgment which is registered on the title.

Risks to check

• Occupants who refuse to leave
• Unpaid taxes or charges
• Appeals by the former owner
• Poor condition — inspect before bidding

Get support

Use a lawyer or bailiff familiar with auctions and ask for the full file before you bid.