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 [...]
In order to prevent a tide of foreclosures that could overwhelm servicers, the Consumer Financial Protection Bureau (CFPB) earlier this week proposed a number of actions, including rules that would push potential filings out to January 2022. READ MORE
COLUMBUS, Ohio – Distressed asset auctioneer Richard Kruse of Gryphon USA said plans by the Consumer Finance Protection Bureau to delay foreclosures another nine months and create more regulations only builds pressure on consumers and the nation’s housing market. The CFPB this week announced proposed rules meant to encourage lenders and loan servicers to continue [...]
National Mortgage News - By Bonnie Sinnock Companies that sell vacant foreclosure properties are wary of a new Government Accountability Office recommendation that could lead federal agencies to measure the work they do in new ways. Already one agency, the Department of Veterans Affairs, has committed to the recommendations of the report published last Friday. [...]
By: Navi Persaud - NationalMortgageProfessional.com Yesterday, President Joe Biden announced the extension of the mortgage relief program for homeowners who were financially affected by the COVID-19 pandemic. While homeowners are likely to be overjoyed with added relief during their time of need, Gryphon USA president, Richard Krause extended some criticism towards the President's decision. READ MORE
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 [...]
