The platform for
foreclosure auctions.
- German foreclosure auctions at a glance.
- Digital property search and analysis.
Upcoming auctions
Updated today
Straight from the official auction notices
Foreclosure auctions, made simple.
Klaava finds the properties that fit you and reads the valuation reports, so you can see at a glance whether one is worth your time.
- Price.
- Winning bids often sit well below market value.
- Costs.
- No agent commission and no notary contract.
- Clarity.
- Key figures, defects and bid thresholds at a glance.
Detached house in Erlangen
A 118 page report, read by Klaava
2 defects found: Damp cellar, leaking roof.
All of Germany on one map.
Klaava reads the official auction notices from all 16 German states every day and tells you when something fits your criteria.
We do the searching for you.
Tell us what you are looking for
Choose region, property type and budget. Set it up once, and Klaava searches nationwide for you every day.
Currently up for auction.
Start free, let Pro do the searching for you.
Search and browse, at no cost.
- Foreclosure auctions across Germany
- Search by town, postcode and local court
- Every property in the map view, with key figures
- Every official document: valuation report, auction notice, brochure
- Auction dates, bid thresholds and a closing-cost calculator
- Watchlist with up to 2 properties
- Data updated daily
- Klaava search alerts
- Every photo of the property
- Klaava analysis (condition, valuation, yield)
No payment details, no minimum term.
No auction that matters slips past you.
- Foreclosure auctions across Germany
- Search by town, postcode and local court
- Every property in the map view, with key figures
- Every official document: valuation report, auction notice, brochure
- Auction dates, bid thresholds and a closing-cost calculator
- Unlimited watchlist
- Data updated daily
- Klaava search alerts with automatic notification
- Every photo of the property
- Full Klaava analysis and property description
Cancel monthly
All prices include 19 % German VAT.
Checkout and the contract are in German. The interface, the analysis and the figures are in English.
What used to take hours now takes seconds.
Finding current auction dates
The old way
Manual search, several hours a week
With Klaava
Klaava searches for you and checks each property against your criteria
Reading the valuation report
The old way
A 60 to 120 page PDF, 2 to 3 hours per property
With Klaava
Key figures extracted and laid out for you
Checking the property details
The old way
Digging through the whole document
With Klaava
Living area, year built and condition visible at once
Filtering by your criteria
The old way
Patchy data on the official portals
With Klaava
Filter by location, type and price
| Task | The old way | With Klaava |
|---|---|---|
| Finding current auction dates | Manual search, several hours a week | Klaava searches for you and checks each property against your criteria |
| Reading the valuation report | A 60 to 120 page PDF, 2 to 3 hours per property | Key figures extracted and laid out for you |
| Checking the property details | Digging through the whole document | Living area, year built and condition visible at once |
| Filtering by your criteria | Patchy data on the official portals | Filter by location, type and price |
What investors should know about foreclosure auctions.
The questions that come up most, answered briefly.
What is a foreclosure auction, and why do investors look at them?
In a foreclosure auction the local court sells a property at a creditor's request. An independent surveyor sets the appraised market value, the Verkehrswert. Prices below that value are possible, but they depend heavily on location and on how many people bid. In sought-after cities properties often sell at or above the appraised value, while rural discounts tend to be larger. Preparation matters, because the sale carries no warranty for defects.
How does an auction hearing work?
The court first establishes who is involved and what is owed, then announces the minimum bid. A bidding period of half an hour follows, with bids called out in the room. At the first hearing the property must reach 50 % of the appraised value, otherwise the court awards nothing. If the highest bid stays below 70 %, the creditor can block the award as well. Klaava shows you the appraised value and both thresholds beforehand, so you walk in with clear numbers.
What do I need to bring to the hearing?
At minimum an identity card or passport. If you bid for someone else, you need a notarised power of attorney. Companies must show a commercial register extract no older than two weeks. You also need a bid deposit of 10 % of the appraised value, either as a bank guarantee or as a Bundesbank cheque issued no earlier than three working days before the hearing. Without the deposit you cannot bid.
What risks should I understand before bidding?
A foreclosure sale carries no warranty. You bid on the property as it stands, with no right to withdraw. Once the court awards it, the price falls due quickly. So read the valuation report beforehand, view the property if you can, and have your financing in place. Klaava shows you every document that is available, so you bid prepared.
What is the appraised value, and how high is the minimum bid?
The court sets the appraised market value, the Verkehrswert, through a surveyor's report. By law the minimum bid is 50 % of that value, the five-tenths threshold under § 85a ZVG. Below 70 %, the seven-tenths threshold, the court can also refuse to award the property. The highest bid on the day decides who gets it.
What costs come after the award?
You do not pay on the day. Payment falls due at the distribution hearing, roughly six weeks after the auction. Due then are your highest bid less the deposit already lodged, 4 % interest for the period in between, court fees for the award decision, property transfer tax and land register fees. Property transfer tax runs between 3.5 and 6.5 % depending on the state. As a rule of thumb, plan for 8 to 12 % on top of your winning bid.
Where does the data on Klaava come from?
Klaava reads the public auction notices of German local courts every day, nationwide and across all 16 states. On top of that we extract structured key figures from the surveyors' reports, so you can decide quickly whether a property is worth a closer look.
See auction dates
before others start looking.
We find and analyse the auctions that match you. You decide.