Swiss Civil Code

¹With­in one month of the ac­quirer’s no­ti­fic­a­tion, the cred­it­ors are en­titled to re­quest that the mort­gaged prop­erty be sold at pub­lic auc­tion provided that they ad­vance the costs, such auc­tion to be an­nounced pub­licly and held with­in one month of the date on which it was re­ques­ted.

²If a high­er price than the one offered is ob­tained at auc­tion, the mort­gage is re­deemed at that high­er price.

³The costs of the pub­lic auc­tion are borne by the ac­quirer if a high­er price is ob­tained, or oth­er­wise by the cred­it­or who re­ques­ted the auc­tion.