After you have made the decision that a Private Selling Officer auction is the right choice for your assets and have negotiated a fee agreement with your PSO, it’s time to get started. The process below is one we go through for all of our transactions in one form or another. Note that there [...]
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 [...]
Effective in September 2016, Ohio adopted revisions to R.C. § 2329.152 to include Private Selling Officers & Remote Bidding (ie. Online Auctions). Many recent articles have focused on the changes in the law. In the next 4 articles we will be focusing on the operational aspect of the transactions vs. the legal aspect. In this [...]
COLUMBUS, Ohio – Ohio House Bill 390, signed into law by Governor Kasich June 28, 2016 and just recently put into effect September 28, 2016, will likely set the precedent for the future of the foreclosure process nationwide. After three years in the making, the bill is designed to reduce the foreclosure process of vacant [...]
6110 Holiday Lane COLUMBUS, Ohio – Gryphon Auction Group has been appointed as Special Master to complete the foreclosure auction of 2 suburban single family homes in the greater Columbus, Ohio area; one in Grove City and the second in Dublin. Both properties are offered for Online Auction now through September 22, 2016 [...]
Please see the link for a copy of Ohio House Bill 390 changing the foreclosure auction process in Ohio. HB 390 Changing Foreclosure Auctions in Ohio
COLUMBUS, Ohio -- When the six-unit apartment building in Cambridge, Ohio, sold in a bankruptcy auction last week, the buyer was sitting in a hospital waiting room 80 miles away, in Columbus, Ohio. The runner-up was in Los Angeles. And Ohio auctioneer Rich Kruse was celebrating in the Columbus office of Gryphon Auction Group. It’s [...]
May 18, 2016 (COLUMBUS, Ohio) – Gryphon Auction Group and auctioneer Richard Kruse have been engaged to undertake an Online Only Bankruptcy Auction of 1001 Oakland Ave., Cambridge, Ohio, 43725. The property is a 6 unit apartment building with 5 x 2BR townhomes and 1 x 1BR apartment. The location is owned by JC Fodale [...]
Hoop Sports Bar Columbus, OH – February 2, 2016 -- Gryphon USA with Borror Properties CRE and auctioneer Richard Kruse are at it again with another online only real estate auction. This time it’s the location of the former Hoop Sports Bar at 20 W. Benson St., in Reading, Ohio. “The Hoop” features a [...]
The National Composites Center in Kettering is still up for sale. Last week’s auction — a combination of online and live bidding — failed to secure a price the owner would accept. However, the company handling the sale is negotiating with one of the nine bidders for a price that might be acceptable, but includes [...]