Kruse Appointed First Private Selling Officer in Four Ohio Counties

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Kruse Appointed First Private Selling Officer in Four Ohio Counties

Gryphon Auction Group announces their upcoming private selling officer auctions in Ohio

Columbus, OH Richard Kruse, Managing Partner of Gryphon USA, Ltd, the parent company of Gryphon Auction Group, has been appointed as the first private selling officer in four Ohio counties – Delaware,  Hamilton, Hardin, and Marion.

Effective September 2016, new foreclosure laws authorize an Ohio Private Selling Officer to conduct foreclosure sales, and establish procedures relating to those sales.  This created a dramatic change for the foreclosure auction process in Ohio as Private Selling Officers can take the place of the sheriff in foreclosure auctions and can conduct foreclosure auctions online.

Gryphon will conduct multiple private selling officer auctions in April 2017. The online auctions consist of commercial and residential lots, retail structures and locations, an office building, single family homes, a detached condo, and a multi-family building.

“Our Private Selling Officer process is more efficient and considerably faster than traditional Sheriff Sales and provides asset promotion and marketing that you won’t see with the old process.  We are receiving dozens of calls a day from prospective purchasers of these properties.”

Properties include:

  • 1979 W. Northbend Ave., Cincinnati, Ohio
  • 717 Delaware Ave., Marion
  • 729 Delaware Ave., Marion, Ohio
  • 724 Lima St., Kenton, Ohio
  • 132 London Rd., Delaware, Ohio
  • 5829 Westbank, Galloway, Ohio
  • 6158 Northgap Dr., Columbus, Ohio
  • 1116-1120 Cole St., Columbus, Ohio
  • 5436 Poolbeg St., Columbus, Ohio

For details about each auction and property details, visit http://www.gryphonusa.com or call (614) 885-0020.

About

Richard F. Kruse is Managing Partner of Gryphon USA, Ltd.  The company oversees a receivership & asset management group, a commercial auction business and, in conjunction with Borror Properties, a full service real estate advisory practice.  He is also a founding member of the Ohio Foreclosure Auction Group, a partnership of six senior real estate auctioneers throughout the State of Ohio, specializing in sales of real property in foreclosure proceedings.

By |2017-08-17T15:19:15+00:00March 16th, 2017|Auction, Foreclosure, Online, Private Selling Officer, Real Estate|Comments Off on Kruse Appointed First Private Selling Officer in Four Ohio Counties

About the Author:

Richard F. Kruse is Managing Partner of Gryphon USA, Ltd. The company oversees a receivership & asset management group, a commercial auction business and, in conjunction with Borror Properties, a full service real estate advisory practice. Mr. Kruse’s engagements are primarily focused on complex state and federal level legal matters, foreclosure and insolvency. Since 1996, he has acted in the capacity of receiver, interim manager, asset purchaser, liquidating agent, equipment appraiser, broker, property manager and/or auctioneer in transactions throughout the United States, Mexico and Canada – all with combined asset values over $2 billion dollars. In 2003, Mr. Kruse began strategically focusing on regional projects and accepting receivership appointments throughout Ohio, and ever since, has operated and sold or wound-down over 250 corporate entities through negotiated sale and auction. Mr. Kruse routinely teaches seminars on distressed asset management and corporate wind down and is an instructor at The Ohio Auction School. He is frequently consulted as an industry expert by the Columbus Dispatch and Columbus Business First newspapers. In 2011, Mr. Kruse participated in drafting new local rules for receivership management in his home base of Franklin County, Ohio. Most recently, he has been active in promoting and drafting modified legislation language related to streamlining the foreclosure sale process in Ohio. Mr. Kruse is a member of the American Bankruptcy Institute and Turnaround Management Association, where he formerly sat on the board of the Ohio Chapter. He is a member of the National and Ohio Associations of Realtors, and National and Ohio Auctioneers Associations. Mr. Kruse was recognized as “One to Know” in Real Estate 2013 by Business First, and in October of 2013, he was appointed by Governor John Kasich to fill a vacancy on the Ohio Auctioneers Commission. His first full term on the Commission began in late 2014. Mr. Kruse acts as advisor on strategy and finance to political candidates in Central Ohio, and is a graduate of the 2006 Leadership Columbus Program. In his personal life, he is dedicated to causes like education, children and politics. He is an active volunteer, fundraiser and parishioner at CenterPoint Church Gahanna where he participates in many hospitality functions and youth program. When he’s not working, he enjoys traveling and cooking. Mr. Kruse and his wife, Melissa, have one daughter, Savannah, and live in a northern suburb of Columbus, Ohio.