COLUMBUS, Ohio – The U.S. District Court for the Southern District of Ohio has ordered the sale of the San Diego area home of former ROOT Inc. (NASDAQ/GS:ROOT) marketing executive as part of a $9.4 million fraud case the property and casualty company filed in February. The court has directed Richard Kruse, president of Gryphon [...]
COLUMBUS, Ohio - July 22, 2021 Gryphon USA, a national real estate auction firm based in Central Ohio, has completed an auction of residential real estate for the U.S. District Court for the Southern District of Ohio under an updated model that could become the standard in other Districts. Gryphon President Richard Kruse said a [...]
Submitted By: Allen Rosetti Over the past 25 years Richard Kruse has liquidated assets worth in excess of $2 billion dollars. His amazing career is a testament to the variety of opportunities available in the distressed property industry. His specialty has been court directed asset sales that include foreclosures, bankruptcies, and probate. He has managed the liquidation [...]
COLUMBUS, Ohio – February 17, 2021 - Gryphon USA president Richard Kruse said the Biden administration’s move this week to extend the 12-month moratorium on home mortgage foreclosures through June 30 undermines the vitality of the nation’s housing market as health and economic conditions that prompted the federal policy begin to subside. “The unprecedented federal [...]
COLUMBUS, Ohio. February 1, 2021 – Ohio based Gryphon USA has set its sights on a larger, nationwide footprint for the sale of bank owned real estate. The newly minted Gryphon Auction Group has attracted two veteran asset managers to assist with procuring assignments from banks, servicers, hedge funds and note-holders seeking to quickly and [...]
President-elect Joe Biden last week provided a $1.9 trillion plan for rescuing the U.S. economy. Housing industry insiders and other American's have responded to key housing-related areas of the package including individual stimulus checks in the amount of $1,400 (in addition to approved $600), rental assistance, and the extension of a foreclosure and eviction moratorium. [...]
A Dayton-area housing portfolio has been sold to a Florida company for over $2 million. A total of 78 single-family homes and duplexes scattered throughout the city of Springfield were purchased by 2002 Springfield Portfolio LLC of Coral Gables, Florida. The winning bid was $2.12 million, though a 10% buyer's premium increased the contract price [...]
By Christina Hughes Babb Foreclosure and eviction moratoria, which are working in the short-term to keep homeowners in their houses, are not long-term solutions, according to Columbus Distressed Assets Manager and Auctioneer Rich Kruse (a Gryphon USA Ltd. principal). SEE MORE
Columbus, Ohio - January 4, 2021 - Real estate and auction firm, Gryphon, has completed the sale of a 78-unit, affordable housing portfolio in Springfield, Ohio through a Private Selling Officer auction, an option for creditors who want to utilize auctioneers to conduct foreclosure sales instead of the county sheriff. 2002 Springfield Portfolio, LLC of Coral [...]
COLUMBUS, Ohio, Dec. 4, 2020 /PRNewswire/ -- The Federal Housing Finance Agency's decision to have Fannie Mae and Freddie Mac extend a freeze on foreclosures of single-family homes and residential evictions was not unexpected but leads to additional problems said Richard Kruse, the president of Gryphon USA, Ltd. and leading auctioneer of foreclosure property. SEE [...]
